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Today, I made a ham sandwich for lunch. As I took a bite, I flipped on the TV and heard the announcer say: “Folks, you may want to put down that sandwich you’re eating for lunch – some more deli meats have been recalled in the tainted meat scandal.”
“The risk of a full scale run on U.S. banks … is all too real,” states Nandu Narayanan in his July commentary. Narayanan has a PhD in finance from the Massachusetts Institute of Technology and is a hedge fund manager whose fund, CI Global Opportunities Fund, has gained over 75 per cent year-over-year thanks to short sales on U.S. financial stocks.
Here’s a refreshingly honest post from FreshBook’s Mike McDerment about all the mistakes he’s almost made with his Software-as-a-Service business. Read between the lines and you’ll glimpse the pressures faced by innovative entrepreneurs.
File this under Weird: Nortel has produced a cartoon ad.
You can see it here, on YouTube, posted by “nortelvids” and aptly described as: “This fully animated piece follows a lonely robot as he finds an energy efficient Nortel oasis in a dark and dreary future world.”
Hedge fund manager Goodwood Inc., an activist value investor, confirms forced selling in the stock market. “We believe there has been a significant amount of selling recently in some of our core names by other institutions that have been experiencing redemptions,” they note in their latest Monthly Commentary.
Isn’t the financial sector supposed to be in dire straits? Maybe they are, but the latest Market Insight publication from AIC Funds says 76% of their largest 25 financial stocks raised dividends in the past year, 20% had no change, and 4% had a decrease.
According to Alloy Media & Marketing’s eighth annual College Explorer study, a growing number of students in the US are (41% up from 37% last year) are looking to spend their money on socially responsible brands.
Another financial advisor has inveighed against do-it-yourself (DIY) investing. First, it was Avner Mandelman; now it’s David West. What they argue may perhaps be true of DIYers with an active approach, but not so for the growing ranks of DIYers with a passive indexing approach.
Here’s an interesting indicator: it’s called the Surprise Index. Calculated by the economists at MFC Global Investment Management, it quantifies in one measure the extent to which U.S. economic indicators exceed or fall short of consensus estimates.
Is the Toronto Stock Exchange (TSX) becoming a haven for U.S. and Canadian day traders? A comment on the tipster.ca blog gave pause for thought: “I … momentum trade stocks on the TSX, mostly to avoid the day trade rules of the US,” it went.
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