General comments from an expert | StockChase
10752
A Comment -- General Comments From an Expert (A Commentary)

Last Price Recorded: $0.0200 on 0000-00-00

ON STOCKCHASE SINCE Oct 2000

Sometimes an expert talks about things other then a particular stock. We think it may be useful to include it, so this is the spot we use.

10752
A Comment -- General Comments From an Expert (A Commentary)

Last Price Recorded: $0.0200 on 0000-00-00

ON STOCKCHASE SINCE Oct 2000

Sometimes an expert talks about things other then a particular stock. We think it may be useful to include it, so this is the spot we use.


General comments from an expert


Signal Opinion Expert
N/A
General Market Comment 

December 14, 2017

Market.  US markets are not cheap but there are some names and industries that are good investments.  Some of the block chain companies are scarce in revenues and profits and high on valuation, so be careful.  And for Oil pipelines, you don’t have enough outlets, pipelines that are going under maintenance and storage that is getting full.  You could see oil in a $50 to $60 range but if inventories get depleted faster you could see it up to $65.

Market.  US markets are not cheap but there are some names and industries that are good investments.  Some of the block chain companies are scarce in revenues and profits and high on valuation, so be careful.  And for Oil pipelines, you don’t have enough outlets, pipelines that are going under maintenance and storage that is getting full.  You could see oil in a $50 to $60 range but if inventories get depleted faster you could see it up to $65.

Unknown
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 14, 2017

Canadian Banks.  It is an oligopoly. He has RY-T, TD-T and BNS-T.  Depending on what you own, he prefers ones with more exposure to the US.  He favours RY-T, TD-T, BNS-T and BMO-T for those reasons.  He steers clear of CM-T. 

Canadian Banks.  It is an oligopoly. He has RY-T, TD-T and BNS-T.  Depending on what you own, he prefers ones with more exposure to the US.  He favours RY-T, TD-T, BNS-T and BMO-T for those reasons.  He steers clear of CM-T. 

Unknown
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.020
Owned Owned
Yes

N/A
General Market Comment 

December 14, 2017

Market. The market is sort of trading sideways, but he expects we will still have a US Santa Claus rally. There is nothing wrong with the background, and with the tax bill passing in the US, that will encourage their markets. However, we still have NAFTA hanging over us and low oil prices that are holding our market back. Things are not quite as bad as some equity managers think. There has been a fair migration of funds out of Canada into emerging markets.

Market. The market is sort of trading sideways, but he expects we will still have a US Santa Claus rally. There is nothing wrong with the background, and with the tax bill passing in the US, that will encourage their markets. However, we still have NAFTA hanging over us and low oil prices that are holding our market back. Things are not quite as bad as some equity managers think. There has been a fair migration of funds out of Canada into emerging markets.

Unknown
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 14, 2017

REITs? This sector is one you have to be a little careful about these days. Specifically, the kind of investments they are in. The mall sector is one you have to be concerned about. Look for one with a residential aspect or industrial storage.

REITs? This sector is one you have to be a little careful about these days. Specifically, the kind of investments they are in. The mall sector is one you have to be concerned about. Look for one with a residential aspect or industrial storage.

Unknown
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 14, 2017

Are Canadian banks safe? He likes TD (TD-T) for its growing US exposure. Thinks they are going to get better results and the dividends are all safe. Bank of Montréal (BMO-T) is the 3rd on his list that he owns, and they are expanding their US exposure as well. Also has the Bank of Nova Scotia (BNS-T) which gives you an entry into central America and Chile, giving you offshore banking. These would give you a diversification that really reduces the risk in the event the Canadian situation turns a bit sour.

Are Canadian banks safe? He likes TD (TD-T) for its growing US exposure. Thinks they are going to get better results and the dividends are all safe. Bank of Montréal (BMO-T) is the 3rd on his list that he owns, and they are expanding their US exposure as well. Also has the Bank of Nova Scotia (BNS-T) which gives you an entry into central America and Chile, giving you offshore banking. These would give you a diversification that really reduces the risk in the event the Canadian situation turns a bit sour.

Unknown
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 14, 2017

How do you assess the NAFTA agreement if the US pulls out? This is a very political situation. One of the main themes of Pres. Trump was to tear up NAFTA. So far, he’s followed through on just about anything he said he was going to do. Doesn't feel he can tear up NAFTA, but can set the scene if negotiations fail, which he thinks is going to happen. What happens after that is critical. If we pull back to the old Canadian/US free trade deal, we are almost back to square one, i.e., we don't really get hurt that much. From a market standpoint, if NAFTA gets washed out we could see our markets get hit from a psychological standpoint. That would be a buying opportunity, because when the dust settles, Trump's real target is Mexico, not Canada. He can't believe Trump would blow a hole in the US automotive industry just to satisfy a political promise.

How do you assess the NAFTA agreement if the US pulls out? This is a very political situation. One of the main themes of Pres. Trump was to tear up NAFTA. So far, he’s followed through on just about anything he said he was going to do. Doesn't feel he can tear up NAFTA, but can set the scene if negotiations fail, which he thinks is going to happen. What happens after that is critical. If we pull back to the old Canadian/US free trade deal, we are almost back to square one, i.e., we don't really get hurt that much. From a market standpoint, if NAFTA gets washed out we could see our markets get hit from a psychological standpoint. That would be a buying opportunity, because when the dust settles, Trump's real target is Mexico, not Canada. He can't believe Trump would blow a hole in the US automotive industry just to satisfy a political promise.

Unknown
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 13, 2017

Market. Believes we began a re-evaluation of the equity asset class in 2013. 2013 was when we took out the highs of the bull market of the 1990s, and it was the first major global developed market to take out all time highs. That was and has been the leader ever since. Bull markets tend to last 15-18 years with interruptions. Since 2013, multiples have steadily been improving since people became more comfortable with the future. We had the first serious correction in 2015 and beginning of 2016, and that was a reset starting a 2nd cyclical rally. We’re about 2 years into that and probably have another year in front of us in the cyclical rally. The secular re-evaluation of the equities goes on for another 10-12 years. Earnings are going up, so we pay for that. The quality of the earnings is getting better. We have revenue growth as opposed to just cost cutting. The average company in the S&P 500 is yielding just over 6% on its capital, so you are getting paid about 3% excess return to buy stocks, compared to bonds. You're getting paid well to take risks. Expects that a year from now we will get a significant correction, but we have another year to get pretty significant returns before it happens. Once you have that correction out of the way, then you have another 3-4 years in front of you.

Market. Believes we began a re-evaluation of the equity asset class in 2013. 2013 was when we took out the highs of the bull market of the 1990s, and it was the first major global developed market to take out all time highs. That was and has been the leader ever since. Bull markets tend to last 15-18 years with interruptions. Since 2013, multiples have steadily been improving since people became more comfortable with the future. We had the first serious correction in 2015 and beginning of 2016, and that was a reset starting a 2nd cyclical rally. We’re about 2 years into that and probably have another year in front of us in the cyclical rally. The secular re-evaluation of the equities goes on for another 10-12 years. Earnings are going up, so we pay for that. The quality of the earnings is getting better. We have revenue growth as opposed to just cost cutting. The average company in the S&P 500 is yielding just over 6% on its capital, so you are getting paid about 3% excess return to buy stocks, compared to bonds. You're getting paid well to take risks. Expects that a year from now we will get a significant correction, but we have another year to get pretty significant returns before it happens. Once you have that correction out of the way, then you have another 3-4 years in front of you.

Unknown
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 13, 2017

Bitcoins. He looked at this from an interest standpoint 4 or 5 years ago in the early stages, and has done a fair bit of work on blockchain, but who would've known that there would have been this kind of parabolic move. Anecdotally, some people are saying that when they go to sell their Bitcoins, it can be hard to actually realize the cash. The plumbing is really very early stage, but is slowly being built and he will see what it will build into. Blockchain technology, as it applies to a whole bunch of different industries, might be really, really interesting.

Bitcoins. He looked at this from an interest standpoint 4 or 5 years ago in the early stages, and has done a fair bit of work on blockchain, but who would've known that there would have been this kind of parabolic move. Anecdotally, some people are saying that when they go to sell their Bitcoins, it can be hard to actually realize the cash. The plumbing is really very early stage, but is slowly being built and he will see what it will build into. Blockchain technology, as it applies to a whole bunch of different industries, might be really, really interesting.

Unknown
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 13, 2017

Lighten up on ETF fang stocks to put more into US financials? There is a question as to whether we are seeing money rotate from tech into some financials, which are a beneficiary of rising rates. We are in a reflationary cycle that benefits banks and the banks have a long path in front of them for revaluation. You want to own both. It is a great pairing to have the growth attached to the fangs, and at the same time have a significant position in the financials.

Lighten up on ETF fang stocks to put more into US financials? There is a question as to whether we are seeing money rotate from tech into some financials, which are a beneficiary of rising rates. We are in a reflationary cycle that benefits banks and the banks have a long path in front of them for revaluation. You want to own both. It is a great pairing to have the growth attached to the fangs, and at the same time have a significant position in the financials.

Unknown
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 13, 2017

Market. We are into tax loss selling which will put pressure on the upside going forward. People are becoming very wary of valuation levels. Since 2008, we haven't had any really significant setback in the markets. The underlying geopolitical factors are still at work. There are tensions in Europe but have been most predominant since 2008 with the debts of Italy, Portugal, Spain, etc. That ultimately led to the BREXIT vote. There are also tensions in Asia. The US itself is a big unknown right now because of NAFTA, which has been of particular concern in Canada. Despite that, the market has continued pushing ahead. He is in higher levels of cash than he was a year ago. That's about the only thing a prudent investor can do at this time.

Market. We are into tax loss selling which will put pressure on the upside going forward. People are becoming very wary of valuation levels. Since 2008, we haven't had any really significant setback in the markets. The underlying geopolitical factors are still at work. There are tensions in Europe but have been most predominant since 2008 with the debts of Italy, Portugal, Spain, etc. That ultimately led to the BREXIT vote. There are also tensions in Asia. The US itself is a big unknown right now because of NAFTA, which has been of particular concern in Canada. Despite that, the market has continued pushing ahead. He is in higher levels of cash than he was a year ago. That's about the only thing a prudent investor can do at this time.

Unknown
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 12, 2017

Economy. This economic expansion has been slow. We are in the 8th year of a recovery. The US economy bottomed in Q3 of 2009, and the cumulative GDP growth is 19%, whereas the historical average is 26%, so there is still a lot of headway. We are only getting 2.5% GDP growth and in the 8th year of recovery, and when you think of all the accommodation the Fed has put into the system, we are in an environment where we will be lower for longer. Now we are getting other economies, the euro zone, Japan, China and emerging markets kicking in, which is helping the global economy. The Canadian market has really lagged, particularly since the composition of the TSX includes a heavy weighting of energy and mining.

Economy. This economic expansion has been slow. We are in the 8th year of a recovery. The US economy bottomed in Q3 of 2009, and the cumulative GDP growth is 19%, whereas the historical average is 26%, so there is still a lot of headway. We are only getting 2.5% GDP growth and in the 8th year of recovery, and when you think of all the accommodation the Fed has put into the system, we are in an environment where we will be lower for longer. Now we are getting other economies, the euro zone, Japan, China and emerging markets kicking in, which is helping the global economy. The Canadian market has really lagged, particularly since the composition of the TSX includes a heavy weighting of energy and mining.

Unknown
Christine Poole

CEO & Managing Director, GlobeInvest Capital ...

PricePrice
$0.020
Owned Owned
Unknown

N/A
General Market Comment 

December 12, 2017

Market.  The new Cannabis for 2018 is Bitcoin, but he likes to think it is Block Chain upon which Bitcoin is based that is the new Cannabis.  Block chain, people are beginning to realize, is very serious.  Everyone has suddenly woken up and realized they have to take a hard look at it.  It will make easier transactions over international borders.  It is being used all over the world real time already.  It is a software/hardware situation.  He bought in a year ago.  There are new companies coming into it daily, although only one is publicly traded in Canada.  People are focused on the frenzy of the amazing gains and maybe someday there will be an amazing tumble in Bitcoin.  People may not take all the profit this month because they will have to pay the tax man for the capital gains.  Cannabis is going to carry on and the high fever of Bitcoin will continue.  He only invests in Block Chain though, not Bitcoin.

Market.  The new Cannabis for 2018 is Bitcoin, but he likes to think it is Block Chain upon which Bitcoin is based that is the new Cannabis.  Block chain, people are beginning to realize, is very serious.  Everyone has suddenly woken up and realized they have to take a hard look at it.  It will make easier transactions over international borders.  It is being used all over the world real time already.  It is a software/hardware situation.  He bought in a year ago.  There are new companies coming into it daily, although only one is publicly traded in Canada.  People are focused on the frenzy of the amazing gains and maybe someday there will be an amazing tumble in Bitcoin.  People may not take all the profit this month because they will have to pay the tax man for the capital gains.  Cannabis is going to carry on and the high fever of Bitcoin will continue.  He only invests in Block Chain though, not Bitcoin.

Unknown
Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Ass...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 11, 2017

Market.  Bitcoin futures.  The initial expectations were that you would see bears start to raid it and sell it aggressively.  In fact it seemed to go the other way.  When you look at the volume of a futures contract, we don’t know the amount of open interest.  It may be the same people trading them back and forth and back and forth.  He would wait to see the liquidity and the depth of the market before stepping into it.  Larry prefers Gold to Bitcoin as Bitcoin has no intrinsic value. 

He thinks there is a good chance Trump will break NAFTA.

Market.  Bitcoin futures.  The initial expectations were that you would see bears start to raid it and sell it aggressively.  In fact it seemed to go the other way.  When you look at the volume of a futures contract, we don’t know the amount of open interest.  It may be the same people trading them back and forth and back and forth.  He would wait to see the liquidity and the depth of the market before stepping into it.  Larry prefers Gold to Bitcoin as Bitcoin has no intrinsic value. 

He thinks there is a good chance Trump will break NAFTA.

Unknown
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.020
Owned Owned
_N/A

DON'T BUY
General Market Comment 

December 11, 2017

Bitcoin Options.  The underlying volatility is massive.  The puts and call premiums are going to be huge.  He does not believe there is an underlying derivatives market.  It is not a mature market.

Bitcoin Options.  The underlying volatility is massive.  The puts and call premiums are going to be huge.  He does not believe there is an underlying derivatives market.  It is not a mature market.

Unknown
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.020
Owned Owned
No

BUY
General Market Comment 

December 11, 2017

Gold.  He is a value investor and has been nibbling away on gold.  Don’t make it all of your portfolio.  See his educational segment.

Gold.  He is a value investor and has been nibbling away on gold.  Don’t make it all of your portfolio.  See his educational segment.

Unknown
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.020
Owned Owned
Unknown

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