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	<title>Canadian Business Blog &#187; Larry MacDonald</title>
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	<link>http://blog.canadianbusiness.com</link>
	<description></description>
	<pubDate>Fri, 05 Dec 2008 01:14:14 +0000</pubDate>
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			<item>
		<title>Ted Rogers will be missed</title>
		<link>http://blog.canadianbusiness.com/ted-rogers-will-be-missed/</link>
		<comments>http://blog.canadianbusiness.com/ted-rogers-will-be-missed/#comments</comments>
		<pubDate>Fri, 05 Dec 2008 01:14:14 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[Rogers Communications]]></category>

		<category><![CDATA[stocks]]></category>

		<category><![CDATA[Ted Rogers]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=444</guid>
		<description><![CDATA[I never met Ted Rogers. But I think I would have liked him if I we had. We both thought alike when it came to hard work, entrepreneurialism, and persistence.

Still, the prospect of meeting him would have filled me with trepidation. It wouldn’t be because of his stature in the world of Canadian business. It [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/ted-rogers-will-be-missed/feed/</wfw:commentRss>
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		<item>
		<title>Insiders buying at infrastructure firms</title>
		<link>http://blog.canadianbusiness.com/insiders-buying-at-infrastructure-firms/</link>
		<comments>http://blog.canadianbusiness.com/insiders-buying-at-infrastructure-firms/#comments</comments>
		<pubDate>Thu, 04 Dec 2008 11:55:27 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[AECON]]></category>

		<category><![CDATA[Canadian dollar]]></category>

		<category><![CDATA[infrastructure]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[snc-lavalin]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=443</guid>
		<description><![CDATA[Insiders are buying at infrastructure firms. That bit of news would seem to provide some confirmation for the bullish thesis in 7 reasons to invest in infrastructure.

The latest to draw insider buying is Aecon Group. In late November, three directors bought over half-a-million dollars worth of shares in a range from $5.75 to $7.50. The number [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/insiders-buying-at-infrastructure-firms/feed/</wfw:commentRss>
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		<item>
		<title>Is Bernanke up to the job?</title>
		<link>http://blog.canadianbusiness.com/is-bernanke-up-to-the-job/</link>
		<comments>http://blog.canadianbusiness.com/is-bernanke-up-to-the-job/#comments</comments>
		<pubDate>Wed, 03 Dec 2008 04:37:23 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[Ben Bernanke]]></category>

		<category><![CDATA[Federal Reserve]]></category>

		<category><![CDATA[financial crisis]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=442</guid>
		<description><![CDATA[A recent 11,000-word article in the New Yorker on Ben Bernanke and the financial crisis describes the Federal Reserve chairman as “soft-spoken” and “incredibly quiet,” with a “retiring manner.” His work as an academic at Princeton University is portrayed as “statistics-laden” and “couched in impenetrable technical language.” His doctoral thesis was a “dense mathematical treatise.”

On [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/is-bernanke-up-to-the-job/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Thoughts on currency-hedged funds</title>
		<link>http://blog.canadianbusiness.com/thoughts-on-currency-hedged-funds/</link>
		<comments>http://blog.canadianbusiness.com/thoughts-on-currency-hedged-funds/#comments</comments>
		<pubDate>Tue, 02 Dec 2008 03:45:15 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[currency hedging]]></category>

		<category><![CDATA[exchange traded funds]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[mutual funds]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=440</guid>
		<description><![CDATA[To hedge or not to hedge the currency, that is the question. A reader asks if he should be buying the currency-neutral version of mutual funds/exchange-traded funds when diversifying into foreign markets. This question is often heard from readers &#8212; perhaps because many investing books skip over it or leave readers dangling (one example, as [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/thoughts-on-currency-hedged-funds/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Best time to invest</title>
		<link>http://blog.canadianbusiness.com/best-time-to-invest/</link>
		<comments>http://blog.canadianbusiness.com/best-time-to-invest/#comments</comments>
		<pubDate>Sun, 30 Nov 2008 11:38:16 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[efficient market theorem]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[Stock Trader's Almanac]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=439</guid>
		<description><![CDATA[The best time to invest in stocks is from November to April, according to the Stock Trader’s Almanac for 2009. In fact, say authors Jeffrey and Yale Hirsch, most of the long-term gains in stocks occur in these six months.

Say an investor put $10,000 into the stocks of the Dow Jones Industrial Average (DJIA) during [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/best-time-to-invest/feed/</wfw:commentRss>
		</item>
		<item>
		<title>A way to play the ETF boom?</title>
		<link>http://blog.canadianbusiness.com/a-way-to-play-the-etf-boom/</link>
		<comments>http://blog.canadianbusiness.com/a-way-to-play-the-etf-boom/#comments</comments>
		<pubDate>Fri, 28 Nov 2008 17:03:21 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[stocks]]></category>

		<category><![CDATA[WisdomTree]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=436</guid>
		<description><![CDATA[Somebody forgot to tell the ETF industry about the recession. Suppliers are still growing like gangbusters while just about every other industry is keeling over. Consider this: during September and October in the U.S., “$61 billion found its way into ETFs from retail and institutional investors, while $126 billion was funneled out from traditional mutual [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/a-way-to-play-the-etf-boom/feed/</wfw:commentRss>
		</item>
		<item>
		<title>BCE farce</title>
		<link>http://blog.canadianbusiness.com/bce-farce/</link>
		<comments>http://blog.canadianbusiness.com/bce-farce/#comments</comments>
		<pubDate>Thu, 27 Nov 2008 00:18:01 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[BCE]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=431</guid>
		<description><![CDATA[I may end up regretting this, but I bought BCE Inc. shares on its 35% plunge caused Nov. 26 by some auditors concluding a privatized BCE would not be solvent. What prompted the purchase &#8212; admittedly on the spur of the moment &#8212; was reading that several analysts think BCE shares are worth $27 to $32 [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/bce-farce/feed/</wfw:commentRss>
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		<item>
		<title>The Nortel story</title>
		<link>http://blog.canadianbusiness.com/the-nortel-story/</link>
		<comments>http://blog.canadianbusiness.com/the-nortel-story/#comments</comments>
		<pubDate>Wed, 26 Nov 2008 14:55:06 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[Nortel Networks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=430</guid>
		<description><![CDATA[As Nortel Networks teeters on the edge, we might prepare to say our goodbyes by looking back on the company’s 113 years of existence. Or the more optimistic among us might want to see if there are any clues in the company’s past that indicate if and/or how it might be able to continue on [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/the-nortel-story/feed/</wfw:commentRss>
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		<item>
		<title>A wallflower stock that could bloom</title>
		<link>http://blog.canadianbusiness.com/a-wallflower-stock-that-could-bloom/</link>
		<comments>http://blog.canadianbusiness.com/a-wallflower-stock-that-could-bloom/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 22:04:16 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[Canfor]]></category>

		<category><![CDATA[forestry]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=429</guid>
		<description><![CDATA[Canfor Corp. is outperforming the market and has insider buying, noted INK Research recently. Over the past 12 months, the Canadian forestry company is down only a quarter as much as the market and insider buying is being “driven by director Jimmy Pattison, who has bought $29.8 million dollars worth of stock in the company.” [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/a-wallflower-stock-that-could-bloom/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Buffett&#8217;s switch to stocks</title>
		<link>http://blog.canadianbusiness.com/buffetts-switch-to-stocks/</link>
		<comments>http://blog.canadianbusiness.com/buffetts-switch-to-stocks/#comments</comments>
		<pubDate>Mon, 24 Nov 2008 12:02:04 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[bonds]]></category>

		<category><![CDATA[buffett]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=428</guid>
		<description><![CDATA[Buffett is 78. Why is he switching to 100% stocks from 100% government bonds in his personal account? As financial planners and advisers say repeatedly, stocks are for the long run. Only young people should have everything in stocks; someone close to 80 years old should have about 80% of their assets in bonds and [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/buffetts-switch-to-stocks/feed/</wfw:commentRss>
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		<item>
		<title>Quotes for a bear market</title>
		<link>http://blog.canadianbusiness.com/quotes-for-a-bear-market/</link>
		<comments>http://blog.canadianbusiness.com/quotes-for-a-bear-market/#comments</comments>
		<pubDate>Thu, 20 Nov 2008 11:00:00 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[bear market]]></category>

		<category><![CDATA[Fred Schwed]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[recession]]></category>

		<category><![CDATA[stocks]]></category>

		<category><![CDATA[Warren Buffett]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=425</guid>
		<description><![CDATA[&#8220;Unless you can watch your stock holdings decline by 50% without becoming panic-stricken, you should not be in the stock market.&#8221; Warren Buffett  

“The United States invariably does the right thing, after having exhausted every other alternative.” Winston Churchill  
“Stop experimenting with your savings.” Ad on Yahoo Finance, promoting ING Direct&#8217;s high-interest savings account.  
“When there [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/quotes-for-a-bear-market/feed/</wfw:commentRss>
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		<item>
		<title>Small-caps primed for take off</title>
		<link>http://blog.canadianbusiness.com/small-caps-primed-for-take-off/</link>
		<comments>http://blog.canadianbusiness.com/small-caps-primed-for-take-off/#comments</comments>
		<pubDate>Wed, 19 Nov 2008 10:53:55 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[bear market]]></category>

		<category><![CDATA[ETFs]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[market bottom]]></category>

		<category><![CDATA[small caps]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=424</guid>
		<description><![CDATA[The rebound off market bottoms is usually explosive for small caps. Their average gain in the year following the past seven bear markets surpassed 30%, writes Viking Capital CEO John Sartz in the Nov. 21 edition of Investor’s Digest of Canada.

And once in, you might consider staying. Studies by leading academics such as Kenneth French [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/small-caps-primed-for-take-off/feed/</wfw:commentRss>
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		<title>Six reasons to buy Yahoo!</title>
		<link>http://blog.canadianbusiness.com/six-reasons-to-buy-yahoo/</link>
		<comments>http://blog.canadianbusiness.com/six-reasons-to-buy-yahoo/#comments</comments>
		<pubDate>Tue, 18 Nov 2008 10:01:08 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[contra the heard]]></category>

		<category><![CDATA[Yahoo]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=422</guid>
		<description><![CDATA[If anyone’s buying stocks these days it should be contrarian advisories like Contra the Heard. Editors Ben Stadelmann and Benj Gallander don’t disappoint. This year they have purchased shares in Richmont Mining (RIC), Integrated Silicon Solution (ISSI), Motorola (MOT) and just recently, Yahoo! (YHOO).

Let’s take a gander at why they bought Yahoo! They offer at [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/six-reasons-to-buy-yahoo/feed/</wfw:commentRss>
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		<title>A toe-dippers market</title>
		<link>http://blog.canadianbusiness.com/a-toe-dippers-market/</link>
		<comments>http://blog.canadianbusiness.com/a-toe-dippers-market/#comments</comments>
		<pubDate>Mon, 17 Nov 2008 11:12:03 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[bear market]]></category>

		<category><![CDATA[deleveraging]]></category>

		<category><![CDATA[earnings]]></category>

		<category><![CDATA[financial crisis]]></category>

		<category><![CDATA[forced selling]]></category>

		<category><![CDATA[hedge funds]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[mutual funds]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=421</guid>
		<description><![CDATA[On Friday, Nov. 14, stock markets were on their way to confirming a bottom to the bear market but got blindsided by another wave of forced selling by mutual/hedge funds in the last hour.

The day before, markets retested the Oct. 10 lows in convincing fashion. They looked past the jump in U.S. jobless claims to [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/a-toe-dippers-market/feed/</wfw:commentRss>
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		<item>
		<title>What?! Nortel shares a double near-term?</title>
		<link>http://blog.canadianbusiness.com/what-nortel-shares-a-double-near-term/</link>
		<comments>http://blog.canadianbusiness.com/what-nortel-shares-a-double-near-term/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 19:28:48 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[Nortel]]></category>

		<category><![CDATA[risk]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=420</guid>
		<description><![CDATA[Nortel Networks doomed? Why then the 35% rally on Nov. 13? Maybe some people think Nortel has a future – or at least that its shares will be more readily embraced when the global flight from risky assets attenuates?

The market rallied just over 5% that day, so the tech “dinosaur” beat the market close to seven [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/what-nortel-shares-a-double-near-term/feed/</wfw:commentRss>
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		<item>
		<title>The rally that broke the bear’s back?</title>
		<link>http://blog.canadianbusiness.com/the-rally-that-broke-the-bear%e2%80%99s-back/</link>
		<comments>http://blog.canadianbusiness.com/the-rally-that-broke-the-bear%e2%80%99s-back/#comments</comments>
		<pubDate>Fri, 14 Nov 2008 03:06:00 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[bear market]]></category>

		<category><![CDATA[financial crisis]]></category>

		<category><![CDATA[market bottom]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=419</guid>
		<description><![CDATA[Markets rallied vigorously on Thursday, Nov. 13, for no other reason than they were testing their lows of Oct. 10. There is a belief among many traders and technical analysts that bear market bottoms retest their lows before beginning a sustained rally, and this belief was what largely caused the major indexes in North America to [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/the-rally-that-broke-the-bear%e2%80%99s-back/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Bailout the car makers?</title>
		<link>http://blog.canadianbusiness.com/bailout-the-car-makers/</link>
		<comments>http://blog.canadianbusiness.com/bailout-the-car-makers/#comments</comments>
		<pubDate>Thu, 13 Nov 2008 14:34:34 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[auto industry]]></category>

		<category><![CDATA[bailouts]]></category>

		<category><![CDATA[unions]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=417</guid>
		<description><![CDATA[It&#8217;s a bull market in bailouts. The banks were first. Now it’s the auto companies. Whose next?

The banks perhaps made sense since the whole economy collapses if there is no lending. But the auto companies? Sure, they have received government support before. But it’s mostly been about politics, hasn’t it? The fear of big unions at election time?
The problem with [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/bailout-the-car-makers/feed/</wfw:commentRss>
		</item>
		<item>
		<title>7 reasons to invest in infrastructure</title>
		<link>http://blog.canadianbusiness.com/7-reasons-to-invest-in-infrastructure/</link>
		<comments>http://blog.canadianbusiness.com/7-reasons-to-invest-in-infrastructure/#comments</comments>
		<pubDate>Wed, 12 Nov 2008 11:13:17 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[financial crisis]]></category>

		<category><![CDATA[infrastructure]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[recession]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=415</guid>
		<description><![CDATA[Infrastructure is countercyclical and riding secular trends in both developing and developed countries. Other reasons to invest also exist. For more details, read on.

1. During recessions, governments typically raise spending on infrastructure projects to get the economy moving again (e.g. China’s recent announcement of a stimulus package worth more than half a trillion dollars)
2. Developing countries have significant growth potential [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/7-reasons-to-invest-in-infrastructure/feed/</wfw:commentRss>
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		<item>
		<title>Growth stock for a depression?</title>
		<link>http://blog.canadianbusiness.com/growth-stock-for-a-depression/</link>
		<comments>http://blog.canadianbusiness.com/growth-stock-for-a-depression/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 17:25:33 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[financial crisis]]></category>

		<category><![CDATA[humor]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[stocks]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=414</guid>
		<description><![CDATA[At least one company is doing well as the economy crumbles. National Lampoon Inc., the purveyor of humor, reported a 1900% increase in revenues for the fourth quarter of the fiscal year ending July 31. The third quarter was its first profitable quarter ever and the fourth quarter was even more profitable.

The fourth quarter took [...]]]></description>
		<wfw:commentRss>http://blog.canadianbusiness.com/growth-stock-for-a-depression/feed/</wfw:commentRss>
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		<title>Stocks: bargains or value traps?</title>
		<link>http://blog.canadianbusiness.com/stocks-bargains-or-value-traps/</link>
		<comments>http://blog.canadianbusiness.com/stocks-bargains-or-value-traps/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 04:34:43 +0000</pubDate>
		<dc:creator>Larry MacDonald</dc:creator>
		
		<category><![CDATA[Larry MacDonald]]></category>

		<category><![CDATA[Add new tag]]></category>

		<category><![CDATA[financial crisis]]></category>

		<category><![CDATA[investing]]></category>

		<category><![CDATA[price-earnings ratio]]></category>

		<category><![CDATA[Q ratio]]></category>

		<category><![CDATA[stocks]]></category>

		<category><![CDATA[valuations]]></category>

		<guid isPermaLink="false">http://blog.canadianbusiness.com/?p=412</guid>
		<description><![CDATA[For the first time in decades, the S&#38;P 500 is trading at fair value, according to several sources including the Financial Times of London. That is to say, the cyclically adjusted price-earnings ratio (popularized by Robert Shiller) has dropped to its long-run average. So too the Q ratio (invented by economist James Tobin), which compares market [...]]]></description>
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