Wednesday August 18, 2010 Morning Radio Advice

Stocks are reversing their gains from yesturday. Less than stellar earnings forecasts from Deere and lower than expected revenues from Target are weighing on US markets. Also, energy stocks are lower after a report signalled inventories are high in the US. Inventory numbers come out this morning and that will likely drive prices up or down depending on the result. The Canadian dollar is trading just below 97 cents.

Our investment tip this morning is don't follow the crowd over a cliff. Herding is the tendency of individuals to follow the crowd. This is a pitfall because it leads to buying high and selling low. Again another reason to have a buy/sell discipline. For more on investment pitfalls and opportunities call me at 868-5525 or visit yourlifeyourplan.ca.