Monday Investment Advice on the Radio

Alot of green to start the week off in the markets. The possibility of more stimulus from the Federal Reserve, positive earnings reports and home builder data out of the US is helping markets. Gold is in season and keeps hitting new record highs. North American markets are up in the 1% range at this point. The Fed Reserve is meeting tomorrow, a raft of housing data is out this week in the US and CPI and retail sales number are out in Canada.

All this being said I read a good article by Tom Bradley in the Globe and Mail this weekend pointing out the market and the economy don't always align with each other. In the short term the markets are random, however they are always looking forward and usually they have absorbed the current news already. Renouned economist Paul Samuelson said "the stock market predicted 9 of the last 4 recessions." The point being the disconnect confuses investors and you should just buy good companies. To invest in good companies call me at 868-5525 or visit yourlifeyourplan.ca.