RE:RE:RE:RE:RE:RE:IAG gets hammered at the open...LFE had a huge jump last week, up 49 cents in one day, and that is the good part of being only in lifecos and banks.... the bad part is when the correction happens , as it seems like lifecos are overbought, even if their fundamentals remain good with high interest rates. Always seem to trade at a discount no matter how safe they are ...i suspect they will do the same as they have been doing for the past year, corrections /pullbacks and then blow past the diversified split funds many investors fall lin love with.
I dont see the trend changing until BOC lowers interest rates. And that may be a while... and even then it wont be 2 or 3 % in a day..