Investment Advice on the Radio

North American markets are starting the morning off in the green. The TSX is getting a rebound in commodity prices and the Canadian dollar. Wall street is getting a boost from bank shares after a positive earnings outlook from State Street. European shares are also rising on strong earnings from financials. Asian shares mostly fell because of week data from the US and China.

The key question now is whether the correction that took place is simply a pause during a long bull market, or an example of volatility typical of a dying bear-market rally. Next week earnings start to come out in the US. With this we may get some rallies because in the early stages of earnings reports the markets tend to ignore the macro picture in favour of the more immediate earnings news, which looks positive. Depending on whether you are in the bearish or bullish camp, you will either take this opportunity to sell into the rallies or buy based on long term value. The next two days I will talk about earnings and its potential impact on the market. For a copy of our earnings reports call me at 868-5525 or visit yourlifeyourplan.ca.