•Mutual Fund News: It’s safe to say that a huge majority of people with Mutual Funds in their portfolios took a bath in 2008. Markets nationally and globally dropped to unprecedented levels due to financial and economic woes not seen in decades. A majority of funds had negative returns in the 40% range, and those invested in financial services and natural [...]
Canadian Marketplace: Could the S&P/TSX Composite Index be set to show significant strength and start to snowball the last few trading days of 2008 and early part of the new year? An optimist would like to believe oil prices are set to come off the current lows and increase in price during the winter months ahead. After [...]
Canadian Marketplace: Canucks go on weekend shopping spree for post Christmas bargains. These bargain hunters slipped and slid their way to thousands of malls and stores across the country in search of huge cut rate prices not seen in the recent past. Some camped out overnight in sub zero weather, while others held tail gate parties [...]
Canadian Marketplace: Forestry sits with a slight hangover from years of being assured it would be getting nothing from the feds while waiting on hands and knees with a very modest wish list regarding relief or remedial action of some sort for their industry.
Canadian Marketplace: A new poll suggests a majority of Canadians are comfortable with [...]
•International News: Russia and China sound look out below warnings regarding once booming economies.
•Canadian Marketplace: Plan to contribute money into a TFSA plan next year? Should probably get in touch with your financial advisor or banking
•US Marketplace: Chrysler-Ford and GM in labour union quagmire it seems, following orders from outgoing President Bush to make their labour rates competitive with Japanese auto makers in the US. This situation will affect those canadian operations as well. Can’t imagine all that taxpayers monies being made available to the auto inustry without concessions (pain) [...]
•US Markets: No economic data scheduled for today, and very little corporate news expected for the week. Some analysts expect investors to jump back into the market in search of BARGAINS, as the year end nears.
•US Markets: If Barack Obama’s super duper stimulus plans come to pass, it is anticipated that the economy will get [...]
Dec. 19, 2008 Closing Market Data
TSX 8852 +127 DOW 8579 – 26 NASD 1564 +12 S&P 888 + 3
GOLD $860.60 SILVER $11.12 OIL $38.20
Dec. 18, 2008 Closing Market Data
TSX 8425 DOW 8605 NASD 1552 S&P 885
GOLD $860.60 SILVER $ 11.12 OIL $38.20
Gold was $860.60 at yesterday’s close. This may seem insignificant except for the fact it was up 3.2% from Dec 31, 2007 when it closed at $833.75. Another interesting fact is that gold and platinum prices are now trading at levels almost [...]
All ordinary investors expect to have positive results showing on the monthly statements they receive each month/quarter. People are literally fed up with the results they are getting. On the MutualFundWeath.com website, I will try to help correct this losing money scenario. My portfolio makes money. While most others were losing 20-30-40 % during this [...]