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Markets. Could this rally fizzle again? Look at the weights in the TSX. There is not a whole lot of upside. The preferences for the dividends are overwhelming sometimes. Thinks there is another correction coming but might not be until they talk of tapering again in January. The Fed is not going to do anything until they settle the fiscal house. Oil prices have been getting weaker for a while and think they will settle in the mid-90s for the first half of next year.

We are now back to the highs of 2012 and the market is starting to struggle a little bit. Not a fantastic entry point for the stock. Doesn’t think there is breakout potential. If we got a pullback in 2014 and we find support at last year’s lows, then it might be an entry point.

You are not early. It has been on a tear for a couple of years. If the trend is strong then you can stick with it. Unless we trade back below $100 then the trend is still up.

ETF to park cash in short term. HVPW he likes. High volatility put write. Naked puts 15% below current market. Yields 8-9% a year. Relatively low downside risk, just that some companies might get put to you. There is also a potential for a couple of percent on the currency.

If the government starts to raise short term interest rates (which is not on a calendar until 2015) it will affect this. He extends maturities as interest rates rise. Right now he is looking roll back into short term duration. You have to understand the bond market to trade this one.

Market sentiment on EU is that it is starting to come back and prices are depressed relative to the US. The Euro is somewhat expensive so he has a tough time buying here. Wait 3-5 months to get it. If you are rotating to of emerging markets, then he is okay with it.

The concern is that they might cut the dividend but he suspects that is priced into the stock. Buy below these lows. Thinks it is pretty good value here but could Fall 7-10% if they cut the dividend.

In the next couple of months the S&P could get above 1800. Thinks the Cad$ would be weaker next year so you want to buy with US$s.

Doesn’t believe it will ever materialize into the revenues that some people believe they will. It would have to be speculative money because it could correct 30-40%.

Not excited about new money going into financials. This one is at an all time high. Would be looking to take money off the table, but momentum is strong right now.

Educational Segment. Putting Foreign Exchange Content into Your Portfolio. JNK-N, ZHY-T give this. Cad$ is 4% weaker now than a year ago so if you held in US$ you are 4% better off now. XSP-T is hedged or ZSP-T is not hedged and he prefers unhedged, as he is bearish on the Canadian dollar.

Markets. When a stock falls into his value range then he buys it regardless of what the market is doing. He looks at the PE ratio of the market. He doesn’t buy stocks with PE higher than market without good reason. We are at 13.4 times next year’s earnings. There is a simple solution to the US fiscal problems. There is a Simpson Bulls report from 3 or 4 years ago. They put together what he thinks is a pretty good plan that Obama shot down.

Likes it. Don’t buy it here but it has nothing to do with the derailment this past weekend. It has to do with overall valuation. He wants to see it at $95-100 before buying. The rails will continue to benefit from the US economy.

Estimates all over the map. It is one of his favorites even though he doesn’t own it. Basically Mexico, Argentina and Chili. They are superb at keeping costs under control.

One of his favorites. Would not buy here. He would buy it on further weakness. There is a long term need to feed the world. A leader in farm equipment. You could buy it if you are comfortable with it. Tax incentives to buy end in December. Farmers' income is done from last year.