FormerXBC Inc XEBEQ

Gents and Ladies

[filoux004]

I hope come Thursday every body is civil, polite and humble... These markets have gone into deep freeze in the last three months and quite frankly with no more macro catalyst on the horizon the party may be over for many years. Central Banks will embark on tightening of rates, the infracture bill has been passed . Money flows into the equity markets are going into hyper cautious mode. Why? Simple answer those portfolio managers most of whom are closet indexers want to protect their multimillion dollar salaries, not the time to swing for the fences anymore..we may going back to 7-9 annual returns as the norm. Gday