With the banking sector finally showing some long awaited positive signs within the international market place, will the Dow and Tsx remain at current levels and continue this positive trend? Currently it would appear the huge stimulus packages from the Fed and interest rates at unconventional levels, banks and financial services equities could remain positive going forward.
Further evidence of International and Global economic recovery will be forthcoming when auto manufacturers deals and incentive packages and depressed prices of real estate are attractive enough for consumers to open their wallets and begin making purchases in these sectors again.
Most everyone would agree its going to happen we will recover, the only question is how soon….
Doug T……The mutual fund guy
