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Written by David Rosenberg - Gluskin Sheff
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Monday, 24 January 2011 11:50 |
In this issue
• While you were sleeping: mixed start to the week
• Loonie tunes up: the Canadian dollar continues to trade above “par” vis-à-vis its bigger brother to the south
• Muni update: talk in Congress of a broader bankruptcy bill that would give the states the power to adjust their pension obligations and rework union contracts
• Auto sales hanging in well
• The herd effect: bullish sentiment at extreme level and we have a dangerous investing backdrop otherwise known as groupthink
• Obama gaining some serious ground
• Getting big: looks like large-cap stocks are about to take the baton away from the higher-risk small-cap group
• Staying at home: we continue to advocate a core position in Canadian securities considering how treacherous the overseas climate is proving to be
• Bonds still having fun: our long standing call on bonds remains intact
Please read on ... HERE
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