K96.3 FM Kelowna's Classic Rock - Radio Ralies & Reversals

It's been an interesting week so far for stocks. On Tuesday North American markets opened significantly to the downside, only to rally at the end and finish the day flat. Yesterday was the complete opposite. Today we've got a strong opening as strength in Asian and European markets has carried over to North American markets. This is highly correlated with the fortunes of the Euro which is up today against the US$ and the Yen as policy makers the world over work quickly to calm financial markets.

With Q1 corporate earnings largely behind us, the market has refocussed on global macro fundamentals, and the sell-off the last couple of weeks is reflective of the market's opinion. So is the sell-off a buying opportunity or should investors sell on any bounce?

Tune in tomorrow when I'll discuss some of the variables to consider.

GB