ING purchase does not affect the stock. If you buy bank stocks for dividend you have to buy them when they are cheap. Dividend could go up just a little bit more before year end. You have to wait for pullbacks and he feels they will get one before year-end. A pull-back in the first half of next year also.
Educational Segment: Canadian Retail Investor Sentiment: The cycle of market emotions. https://educatedtrader.com/: You can participate in the sentiment survey and education videos. There are no really good surveys for the Canadian investor. Only those that participate can see the results. He wants you to become a member of the site. Has a few hundred so far and wants a few thousand across Canada.
Markets: Housing market picking up and new home sales picking up. He is interested in US or international because the Canadian market is not diversified away from resources and financials. He mostly is now buying multinationals out of the US, not local US companies. QE3: This whole thing is pushing on a string because interest rates are so low. You need stimulus in Japan away from monetary and into fiscal policy.
Markets: Australian dollar is being bought. Money is flowing into those currencies that will most benefit from the stimulus. FXA-N is an ETF that tracks the Australian dollar. Australia is a big exporter to China. He thinks we are looking at a hard landing in China. Shanghai index moved up substantially in a year and a half in 2007/08 and then bottomed early and peaked again in third quarter of 2009 and then has been going down every since. You need to pay attention to this index. Thinks China and India will struggle for the next couple of years. In Europe you have banks reforming for some time and they are not aligning on how to do it. They have to get rid of the debt problems and there are no solutions except to cut, cut, cut and those are austerity measures. Governments have to make tough choices and they are not doing it.