RE: Learn to love 6%Good piece.
Is the market expensive? Yup. Just took a look at the trailing P/E ratios for the oil&gas and the metal sectors. 30 and 25 respectively. Those are high.
Kim Shannon likes BCE which continues to be the single, largest overweight position in this household portfolio. I still like the telecom/wireless/cable space (and would love to get a hold of that TD sector review, hint, hint.)
Whether oil plays are fair to cheap depends where you look. There are numerous dividend-paying oil companies. As for natural gas projects, the intrinsic values reflect market conditions that no longer exist. I'd be careful.