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Quarterly Market Commentary – First Quarter 2012

QUARTERLY MARKET COMMENTARY – IS THIS THE RECOVERY WE EXPECTED? “Hope is the feeling you have that the feeling you have isn’t permanent.” — Jean Kerr The title of our last commentary was “Cautious Optimism”. The thesis was that despite the myriad of problems yet to confront the world economies, there was some hope that … [+] Read More

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Market Outlook & Top Stock Picks

Market Outlook & Top Stock Picks The recent advances in the global equity markets have been in reaction to improving economic fundamentals. In the US, employment has been on the rise and manufacturing, particularly in the auto sector, is recovering. In Europe, recessionary conditions are proving to be milder that originally feared and the crisis … [+] Read More

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Quarterly Market Commentary – Forth Quarter 2011

QUARTERLY MARKET COMMENTARY – CAUTIOUS OPTIMISM? “The future ain’t what it used to be.” — Yogi Berra As we leave 2011, the myriad of issues that preoccupied investors throughout the year, continue to cloud the outlook for 2012. The developed economies continue to struggle with excessive and growing debt. Europe has been the focus of … [+] Read More

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QUARTERLY MARKET COMMENTARY – THIRD QUARTER 2011

QUARTERLY MARKET COMMENTARY – WHEN TIDES AREN’T RISING “Practical politics consists in ignoring facts.” — Henry Adams It is said that a rising tide raises all boats. Unfortunately, the tides of the third quarter were decidedly not rising. Investors the world over were caught up in the tragedy unfolding in Europe, and more particularly Greece. … [+] Read More

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QUARTERLY MARKET COMMENTARY – SECOND QUARTER 2011

QUARTERLY MARKET COMMENTARY – THE FUTURE APPROACHES “I have seen the Future — and it was being repaired.” — Mel Calmen “Every calamity is a spur and a valuable hint.” — Ralph Waldo Emerson The second quarter of 2011 was not kind to Canadian investors as the securities on the Toronto Stock Exchange generally gave … [+] Read More

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QUARTERLY MARKET COMMENTARY – FIRST QUARTER 2011

QUARTERLY MARKET COMMENTARY – ARE WE HEADED FOR A CROSSROADS? “The future is no more uncertain than the present.” — Walt Whitman “If you come to a fork in the road, take it.” — Yogi Berra The tsunami caused the market to hesitate its advance but the trend was not toppled. In the first quarter … [+] Read More

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QUARTERLY MARKET COMMENTARY – FOURTH QUARTER 2010

QUARTERLY MARKET COMMENTARY – FOURTH QUARTER 2010 – RATIONAL OPTIMISM? “The pessimist complains about the wind; the optimist expects it to change; and the realist adjusts the sails.” — William Ward The feverish optimism of the third quarter carried through the final quarter of 2010. The Toronto Stock Exchange reported a total return for the … [+] Read More

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QUARTERLY MARKET COMMENTARY – third QUARTER 2010

QUARTERLY MARKET COMMENTARY – OPTIMISTS AND PESSIMISTS “Look at market fluctuations as your friend rather than your enemy, profit from folly rather than participate in it.” — Warren Buffett Another rollercoaster ride! The finish of the third quarter was the polar opposite of the second quarter. The S&P 500 posted the best September return since … [+] Read More