RE: Treasury Yield up?Guess the Treasury moved so low that its not much space left for downwards movements
as similar to MFC.
In the last year.
10 year treasury yield dropped about 1%
TOPIX dropped 9.4%
S&P 500 up 8%
TSX up 9.6%
My point is the S&P and TSX upsides, more than covered the TOPIX and the 10 year yield's downsides
MFC year"s earnings from Operations also more than covered the issuance of additional shares.
MFC tumbled 45% in the last year ($22.21-$12.41)
A forecast loss of 85 cents in Q3 does not justify a nearly $10.00 drop in Share Price.
MFC with a brighter future....most foreseeable write offs gone and increasing profitability
has been way oversold.
Only my opinion.