Short Canada

It hasn’t been a terribly good week for the TSX Composite Index. Canada’s benchmark stock index has fallen more than 1% from the beginning of the week through Thursday’s close. Normally, a 1% move in just under a week is the very epitome of much ado about nothing. Stocks areContinue Reading

Selling Stocks

Value investing has been a hugely popular and successful investment strategy for decades. Proponents of value investing include Benjamin Graham and Warren Buffett – both of whom went on to achieve staggering returns over a prolonged period of time. While the rewards from value investing appear to be relatively high,Continue Reading

Buying Canadian stocks

Canada’s stock market has been among the worst performing in the world this year, with many global fund managers selling Canadian equities and foreign short-sellers targeting everything from resource companies to the country’s banks. Being negative on Canada has certainly been a profitable play. The S&P/TSX Composite Index is currentlyContinue Reading

Canada has always had to play second fiddle to our neighbours to the south. The Great White North just never seems to get the respect it deserves, whether it’s the frequent lag in products arriving on our soil, the border, tax and currency concerns among athletes and entertainers, and, ofContinue Reading

The Toronto Stock Exchange finished Friday with a 50-point gain, leaving it up about 290 points on the week. In the U.S., however, markets surged, pushing the gain for the Dow Jones to about 425 points on the week, the S&P 500 to 45 points and the NASDAQ to 63Continue Reading

Toronto’s main stock index dropped on Monday to its lowest in nearly five months as energy, materials and financial issues receded on concerns about global economic growth. The broad-based decline came on thin trading on a day when U.S. markets were closed for the Independence Day holiday. Among the biggestContinue Reading

Recently in the comments section of a post from July 2008, titled 30% today vs. 50% tomorrow, a reader John asks the following question, “I noticed some of my mutual funds are showing a 70% return from one year ago (market low). Do you agree it’s a good time to sellContinue Reading

The average quality of ETFs has been deteriorating lately. Further evidence of this comes from a Morgan Stanley study where they found that US ETF tracking error in 2009 averaged 1.25% compared to only 0.52% in 2008. (I found this article through the Stingy Investor site. Not too long agoContinue Reading