A Repeat of Two Weeks Ago

A couple of weeks ago, I wrote a post “It’s Different This Time But it’s Also the Same”. The Canadian market is down 7% and the Dow is down 6% with under 10 minutes left in the trading day. The markets were jittery from the outset as some participants didnt believe the financial bailout would [...]

You Want It…You Got It

The earnings announcement of Research in Motion (RIM) last night triggered me to write about something that had been brewing in my mind for some time. RIM missed their earnings by one penny and the stock is trading 25% below yesterdays close.
The market punishes companies for missing guidance as companies like RIM are priced to [...]

Christmas Comes Early But Dont Celebrate…

The TSX  went up 7% today following the lead of global markets last night. No one was happier than me to see this and my commentary about naked short selling a couple of days ago helped spark this rally in conjunction with other initiatives to improve liquidity and the balance sheets of financial firms around [...]

Markets Should Rally On Naked Short Selling Restrictions

With the markets continuously going down, one wonders when it will come to an end. Well, the end could be near with a powerful rally around the corner. The SEC is implementing restrictions on naked short selling of all stocks, not just Fannie Mae and Freddit Mac.
Previously, there was no disincentive for broker-dealers to reject [...]

It’s Different This Time…But It’s Also The Same.

The markets are correcting around the world trading somewhere between 20% – 45% from their highs of last year or in the case of Canada, three months ago. As some of the largest financial institutions unravel and close their doors due to excess leverage, lack of capital, and naked short selling, one starts to reflect [...]

The Smith Maneuver….What You Need to Know?

“Pay down your mortgage in 8 years instead of 25″. “Make the interest on your mortgage tax-deductible.” You have seen the ads in publications around town with free seminars. You’ve heard the ads on radio.
What’s the catch to this seemingly impossible scenario? In theory, if the sun, moon, and stars align properly and all assumptions [...]