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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 ...
For those of you who missed it, we just this week held our annual Canadian Business Outlook '09 event, which featured the prognostications of such top-notch Canadian economists as David Wolf (Merrill Lynch), Benjamin Tal (CIBC), Derek Burleton (TD) and Sherry Cooper (BMO).
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.
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 ...
Infrastructure is countercyclical and riding secular trends in both developing and developed countries. Other reasons to invest also exist. For more details, read on.
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 ...
For the first time in decades, the S&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 ...
Buy-and-hold investing seems to always evolve into buy-and-fold. The following data on October mutual-fund redemptions was sent by Som Seif of Claymore Investments:
Last week, stock markets rallied vigorously and so far have avoided any major plunges like we have seen in previous weeks. Has the stock market bottomed?

Oct

31

The world’s soundest banking system has rarely been so undervalued by investors. As of Oct. 31, the average dividend yield on the Big Five Canadian banks stood at 5.2%, way above the 3.7% yield on 10-year Canadian government bonds. It’s not often bank dividend yields exceed the 10-year government bond ...