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Quote:
Originally posted by investpro
China and HK down.Japan down. BSE down.
DAX, CAC, FTSE down.
Yesterday Dow and TSX up.
The House has approved $146b stimulus package. Gone to senate for approval. Should boost NA markets again today.
I read your post with lot of interest as they are full of info and personal take on burning issues. You seem to have a very working knowledge.
I would like to know your take on financial entry point, is it better to invest now at this moment, in the US banks or the Canadian banks? (of course I know it depends on the bank and the fact that Canadian banks are faring better even after the ABCP fiasco)
Thx in advance.
DP Singh
Mississauga
Location: carl sagan's universe
Posted on: 05-02-08 07:42:45
Just a recap.
Shanghai loses 72 points to 4599.70
HK down 223 points to 24808.70
Japan down as well.
All 3 markets were lower in intra-day trading than their closing
BSE flat in green up a paltry 2 points to 18663.16. Trading sinusoidally throughout the day.
Gold below magic number of $900, Silver in the sweet sixteens down from $17+ it was at last week.
However the great news today will be the outcome of Super Tuesday. Who wins? Obama or Clinton.
Heard the joke? Chelsea Clinton interviews a returning soldier from Iraq.
Chelsea: " What are the three things you dread the most"
Soldier: " Well 1. Osama. 2. Obama. 3. Yo mama (Hillary)"
'Nuff said!
Nasdaq futures up thinly. Could go either way. London or Tokyo or Canada or South America. Europe currently in red. If US goes up when it opens , Europe will regain losses to close in green
Location: carl sagan's universe
Posted on: 05-02-08 07:53:15
Quote:
Originally posted by DP_gta
Quote:
Originally posted by investpro
China and HK down.Japan down. BSE down.
DAX, CAC, FTSE down.
Yesterday Dow and TSX up.
The House has approved $146b stimulus package. Gone to senate for approval. Should boost NA markets again today.
I read your post with lot of interest as they are full of info and personal take on burning issues. You seem to have a very working knowledge.
I would like to know your take on financial entry point, is it better to invest now at this moment, in the US banks or the Canadian banks? (of course I know it depends on the bank and the fact that Canadian banks are faring better even after the ABCP fiasco)
Thx in advance.
DP Singh
Mississauga
For me I am a dollar cost average investor and spot investor for the long haul and in NA am usually in mutual funds rather than stocks.
I am still investing on a dollar cost average and have put a hold on my spot investments holding that moolah in savings account. Whatever is already invested is still there in MFs and a few minimal stocks I own like RIM and Potash. I have not switched to money market.
As regards the banks, I am still investing in MFs that are top heavy in banks.
I do not invest in US banks of late(since 5 years) only Canadian banks but my penchant has been for emerging market funds like AGF China Focus, Templeton BRIC, Excel India etc
If you want a good Canadian Fund try Dynamic Canadian Power growth- managed by none other than an 'Indian'- Rohit Sehgal.
Another good 'Indian' manager operating here in Canada is Nandu Narayan of CI.
"I am still investing on a dollar cost average and have put a hold on my spot investments holding that moolah in savings account" I thought the idea is to buy when there is blood in the street. Buy low, sell high. But maybe you are wisely anticipating the bottom is yet to come.
There are two more Indian in MF one is in TD and other is in Lawernce India specific Fund(I heard he quite a guy formerly of AIM maybe).
Bhaiji, if you love India, Dynamic and Rohit, you want to check out Rohit's new fund DPF. I heard it is going to go places. Also agri commodity small cap is where you want to be during these bearish times. Isn't Excel too much large caps, like a wannabe BSE 'Dow Joneish' index fund.
Besides look at super funds like Sprotts and in US Fidelity Megna they are both open again. Many superb funds are going cheap now. This time I would buy them. I missed them during the last crash.
Thx for your feedback.
Location: carl sagan's universe
Posted on: 06-02-08 09:35:47
Far-East runs red taking cue from NA.
UK slightly in red with DAX and CAC in green. S&P futures and Nasdaq futures up.
BSE down as well.
West Texas at $88
Location: carl sagan's universe
Posted on: 06-02-08 09:54:11
Hi Dp_gta,
Thks the info. Sprott is indeed a great fund company. Peter Hodson is well known in the fund world, and their growth fund (not run by Peter)is the number 1 10 year fund. I have investments in that fund.
Lawrence India Fund is under the Lawrence Asset Management banner, one of the head honchos of which is Ravi Sood, who co-hosts a show on BNN.
If you check the finance/economy thread you will find an article on it somewhere in Nov.The fund is being managed by Reliance from Singapore.I have not invested in it as yet. It also has a weekly NAV, not a daily one which sort of turns off many of my clients.
Excel India does indeed follow the BSE greatly and could possibly be termed an index fund under the new guidelines, however it is the only India centric fund out there that has a viable track record and many are attracted towards it, not just Canadians of South Asian origin but other Canadians as well.
What exactly is it that you do? Are you an advisor , investor, trader, money manager?Maybe a bit of all?
Who is the Indian fund manager at TD?
Location: carl sagan's universe
Posted on: 08-02-08 07:06:07
Or in Cantonese- Kung hei Fat Choy!
So it's Chinese New Year HK and Shanghai markets are closed.
BSE after spiralling down crazily yesterday is down 62 points today to 17464.89. Lost almost 4000 points from its high just after Xmas.
SENSEX 17,464.89 -62.04 -0.35
MIDCAP 7,633.27 -147.85 -1.90
SMLCAP 9,920.35 -282.28 -2.77
BSE-500 7,047.60 -79.27 -1.11
Europe slightly in green. Yesterday Dow and TSX up but the futures today are down for S&P and Nasdaq.
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