Tuesday morning radio Advice

North American markets are off over 1%. Existing Housing sales in the US dropped 27%, a drop that was twice as steep as expected. In Canada, earnings from BMO missed expectations and concerns over domestic growth and the global recovery is pressuring commodities. Oil is just below $72 a barrel and Gold is at about $1215. The Canadian dollar is trading in the mid 94 cent range. With pressure on stocks, bond prices rose. The US government 10 year yield fell to 2.53%. Not sure how much further it can fall. Bond prices and yields move in opposite directions.

Scotia came up with a list of cash cows. Following a period of significant corporate restructuring and a rebounding global economy, US corporations are now sitting on cash. US Corp held an aggregate of 831 billion in cash at the end of Q 4 2009. High FCF should lead to increased payouts and share buyback activity. For a copy of these Cash Cow companies call me at 868-5525 or visit yourlifeyourplan.ca