AM 1150 Kelowna - Radio Rallies & Reversals

I thought I'd re-iterate a couple of points my partner David Allard mentioned earlier this morning, points that were based on Tom Bradley's column in the Globe & Mail this weekend. Investment pros, asked if they could implant an idea in investors minds, responded as follows: First, make judgments based on longer-term information. Investors have become very short-term focused, yet short-term price moves are totally random; Second, the stock market doesn't equal the economy. Bottom line - invest in good companies; and third, stop running with the herd. The crowed is chasing past performance.

Potential market moving news this week: In the US look for housing start, building permits and the FOMC rate announcement tomorrow, existing home sales and leading indicators on Thursday, and durable goods orders and new home sales on Friday; in Canada look for CPI tomorrow, and retail sales and leading indicators on Wednesday.

GB