N/A

Markets. Italy is the most indebted in Europe in US dollar terms. Thinks people in Europe will vote for less austerity and that would be tremendously disruptive. If bond returns go more than 6% there, it will be stress on the markets. If the EU lets Italy go, then Spain would be next. If they can’t grow they can’t fix this thing. The next few weeks could be pretty plain sailing for investors and the US should kick the can down the road. When Q4 earnings come out maybe the markets go for a new dip next year.

SELL

It’s a tough story. The chart has nothing redeeming. High dividend and people are wondering when the bottom is coming. You have to look at a point on the charts and say it is past where you are comfortable holding it and then get out. He does not know it if it will turn around any time soon. Tax loss selling still to come so there is more downside.

COMMENT

The street downgraded the Canadian energy sector because the supply is rising so prices are depressed for the next couple of years. Stocks concentrated in those plays will do badly in the next little while.

COMMENT

The fed has an unlimited ability to create money. Central banks around the world provide as much liquidity as possible to get us through this.

COMMENT

Loves the rare earth space. Is investable for years and years to come. This stock though has been devastated. This is the lowest it has ever been in history. If you have a 5 or 10 years view, then yes, get it, but if a trader, then don’t.

COMMENT

You want to be a trader, because of the downgrade of the sector for a couple of years. $28ish is good value. You won’t make money if you just buy and hold.

COMMENT

There is not much a technical analyst can value in a penny stock. He does not know the company or the story.

COMMENT

He is bullish on gold. It needs to break out above $1800 and then we will have a dynamic run on gold to $2000. IF it does not break out and we go back to summer lows, then it will be a bad sign.

COMMENT

Has trouble buying into an overbought situation because you get massive correction on the downside. It could go up another 10-15% first, but that is the challenge.

N/A

Educational Segment. Employment Situation. In Canada we got a monster Canadian job number last month. He thinks there is something wrong with the data series because it doesn’t swing that much, so he doesn’t trust current employment numbers. In the US we know there is a big problem. 1in 6.5 people are on food stamps. How is that economy booming? Corporate margins are the best they have ever been because they are laying people off. From 1940 there is growth in the labour force but in the last decade it has leveled off. Forget them kicking the can down the road on the fiscal cliff. They have to make a lot of reforms and they are not making the hard choices for the next decade. Markets will go up and down. P/Es on dividend stocks are going way up and that is not sustainable. You have to be an active trader.

BUY

Loves it. Covered Call Utility Stock ETF. Utility stocks are relatively stable and the fact that you can do a covered against them enhances the yield a couple percent a year and is a brilliant strategy. A nice stable investment and if markets dip you still get the yield.

N/A

Markets. You are seeing demand destruction in the US in energy and you will continue to see that. Longer term you will see $95-$105 oil prices. US looks like weak growth and China cannot drive global demand. Thinks the government did the right think in saying we are open for business in the oil patch but not for sale. Now the more likely consolidators in Canada will likely do better.

BUY

The merger will create an oil weighted junior and a dividend paying company so that is positive. An excellent company and the street will learn to love them. Likes this name. Very reasonable upside. Has been rumored as a take-over candidate.

BUY

Holds some of the convertible bonds. Likes exposure to Columbia. He found the convertibles are safer. Things are getting so washed out in the space that it is worth looking at the equity. It is pretty darned cheap and there are a number of these that could see 100% upside.

SELL ON STRENGTH

Is a core holding. Have a reputation of being serial equity issuers. It is light oil, which is extremely attractive. You are safe to hold it and it is one of the attractive names in the space. If you are up, trim your position. He wants to know where growth will come from.