Comment on today's trading 28Oct09Generally, a value, fundamental-oriented investor wants to be careful to not look at every shake and quiver of the stock market. That said.....
My list of 1 1/2 dozen stocks, ETFs and commodities I watch on one screen are all in the red except one that is in the green: BCE. Shaw is flat.
(Not looking at others but did I see Rogers exceed expectations? Was the annualized P/E close to 10? C$12 billion write-down for the ball player, eh?)
This one day of trading (number of observations n=1) supports my decision that staying heavily weighted in telecoms like BCE with kick-ass dividends is a good strategy for what could be a sideways market for a long time.
Perhaps I should also mention that the global economy is coming back much faster than I initially expected. Bullish. But to put it in perspective, I'm probably looking a business cycles in geological terms relative to many market participants who seem to expect things to happen much faster than they invariably do.
Translation: financial markets can actually be improving at a good clip but ultimately take a looooong time to recover to wished for levels.