A Comment -- General Comments From an Expert (A Commentary)

Japanese iShare- doesn’t invest internationally. Complicated cross rate Japanese-American-Canadian. (Feeling) very positive in Japan. They should aggressively hike interest rates, providing them huge growth. Very bullish on Japan.

Biggest producer of LCD panels. Low cost producer. On high end. Better than average margins. Like it, cheap enough to buy.

Sumitomo Trust and Banking (A top pick Sept 29/06. Down 31%) Good opportunity

Esprit - Clothing, based in Hong Kong. Market cap could double in next 3 years. Very profitable company, generate tremendous cash flow. Grown dividend by 50% in last 5 years.

Esprit - Clothing, based in Hong Kong. Market cap could double in next 3 years. Very profitable company, generate tremendous cash flow. Grown dividend by 50% in last 5 years.

Canadian t-bills, the risk free asset. Very safe and guaranteed by Canadian government. Currently at a peak.

Gov’t Canada Bond. 5.75% (Matures June 1st 2033) Considering interest rates you can expect 8-11% total return.

Prov. Ontario Bond. 4.95% (Matures Nov 28th, 2016) A U.S pay. The spread on bond has widened. Can get 16-18% return.

RRV’s. Real return inflation protected bonds. Safe against increasing inflation.

Canada is an export based economy, the raising value of the dollar is great for investors, you’ll get bonus when dollar turns.

He is reluctant to commit any new cash to this market, so any of his Buys or Top Picks are not meant to imply that you Buy immediately, but wait to see what happens to the market.

Government Bonds - Believes the US has started a serious economic slowdown and could go into a recession. Hard to say if Canada would follow, as our resources are so strong a part of it would, which would keep rates from going up. Also short-term rates c

View on the market - Short term paper and long-term assets crisis is giving concerns. This will elongate summer correction. There will be further problems. A lot of companies not affected and basically the market is sound. An important factor is consumer

Gold - If the market really gets nailed, there’s no really good place to hide, but some sectors may be less hurt than others. Gold would probably be one of those sectors. A lot of the gold companies are having difficulty making money. Cost of production

Micro Cap Golds - Junior exploration companies got hit very hard with the subprime debacle because people were running from anything that had perceived risks attached. Still in the midst of a very choppy market and a mid-caps and large companies are goin