In addition to my last post, I’m also watching North American Futures via Bloomberg. US is looking good and Canada is not so good. Mind you, a lot can over the next 34 hours, when NA stock markets open again after today’s respective holidays. In the meantime, here is the snapshot. Click on it anytime to be taken to the most updated numbers.
If you are looking for news to support the US Green, then have a look at the following Bloomberg story.
On the other side of the aisle, Paul Kedrosky is hearing a lot of rumors but refuses to give them too much weight -Â but I’ll give them a little weight after a personal Senior VP contact at a Tier-1 US bank advised on Friday that he stored $50,000 cash and another $50,000 gold in his home in the event of “anything”.
Regards,
George
Mike, thanks for the comment. Remember , the futures snapshot above was for a very specific point in time. In the longer run, I agree the TSXV will snap back and make some great gains in 2009.
GT
Hey George. I disagree with you. I am of the belief that the Americans will show stronger trends in commodities like Copper and Oil in order to assure the public and investors that the economy is not herky jerky (which it is); in fact that might be the reason Gold is not at 1300 right now. So that should bring more profits for Canadian Listed stocks which in my humble opinion are trading on better fundamentals (even though they have been beaten down). In fact if there is one index I expect to recover faster than others would be the TSX Venture