Investment Advice on the Radio

Markets are a pretty solid shade of red again today. North American markets are off about 1%. The federal reserve came out with a pretty gloomy statement about the economy. Bank shares in the US are also under pressure as the financial reform bill approaches its final hours. Hopefully this will restore some trust in the markets. So basically, a drop in the intial jobless claims and a rise in long-lasting manufactured goods was not enough good news to change the color to green.

For now and in the immediate future I think investors are concerned about the global economic recovery and the potential for a double dip recession. That being said, not everybody is gloomy about next year. According to a Reuters poll of over 300 strategists, the world's major stock indexes should trade higher a year from now but fears of a slowing economic recovery might permit only modest gains in some rich-markets. By the way Canada is on the list. If you're unsure about your portfolio and where to invest next give us a call at 868-5525 or visit yourlifeyourplan.ca!