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China has just put in place a big stimulus package and it is just starting to get traction now. He likes TCK. It is going to be a beneficiary. A ship took out part of the west shore terminals but that is just a temporary supply disruption. They will fix that and things will get back to normal.
He evacuated the telco space some time ago. There are better places in the telco space outside of Canada. They all had a bit of a pullback. The dividend is safe and they are not doing anything difficult. You can buy them as they pullback into support. You can either trade or hold a core position.
Has been one of the poorest ones to own. About 50% gas and 50% oil. They had a big land position they weren’t operating and decided to operate them and it cost more than they expected. If Nat Gas prices stay down, it is tough on these companies. Leave it for the next month or two. He is holding his, but you could use the tax loss selling. If winter gets hold these companies can turn on a dime.
(Top Pick Dec 22/12, Up 53.73%) A lot of people know it from the land rover connection, which has done well. They can’t produce a lot. The demographic play is what they are focused on. The infrastructure build out in India will be very predictable over the next few decades. They have a lot of people that will go through the consumption cycle. They had a big pullback last year but recently hit new highs.
Largest financial institution in the world. Half profit is coming out of greater China area right now. Strategically they are really well positioned to take advantage of growth that will happen in Asia. They have been positioned in Asia for a long time. Have not been hurt in Europe. You shrug your shoulders to the money laundering. Look at the size of the company.
Markets. He has shifted gears in the last 6 months. He thinks the risk is not being in the market rather than not being in it. He thinks we will have a melt up rather than a meltdown in the market. It has been 13 years in the bear market and the focus has been on the negativity. In the past few month the market has been taking bad news and not going down. It is saying this are not going to be as bad in eight months as it is now. The bond market is forming a big top, but it is open for debate. As far as bonds are, how much better can they be? They have been in a bull market since 1982. Bull markets come to an end. We are near the end of the bear market in equities and a bull in bonds. The catalysts are still to appear. He looks for the same in international companies as in Canada. Because ADRs are listed in New York they have to succumb to the same rules as North American stocks. They have to meet the US regulations.