RE:Hey TSX puke exchange oil stocks
I remember that call Goldman made I think two and a half years ago. They said sell the TSX, they were right, I keep remembering that call and thinking at the time why, fundamentals in Canada are strong. I have heard the talking heads say well the TSX is down, and it is because of commodoties. That can't be true look at the commodoties Oil $100, copper $3.39 nat gas $4.39 Gold $1215. These are strong commodity prices, they are not at all time highs, however, these are strong commodotity prices. The list could go on Potash, Coal, Grains, still very strong prices. This my friends is a momoentum trade I think the last run in this bull market will be commodoties, and likely the TSX, I don't know if it will be this year or when but that is my call. cheers Matthew
P.S tax loss selling in the U.S goes right to the wire December 31 so they can sell right to the end, at least is that is my understanding.