NASDAQ 100 hedged Tech. Previously this was the last thing to break before markets broke. He knows of a well known trader who is now shorting the NASDAQ 100 as of last week. Larry is net short the small NASDAQ companies presently.

It is now back almost at the lows of early 2016. The oil and gas sectors are getting cheap again and he is starting to buy, but we could see further weakness. We could see oil prices cooling off and heading back to $40. Use caution. He is nibbling and accumulating. The M&A activity with CVE-T is interesting. He is not worried about it, but the market thinks it is an issue.

Caller has a bond – wait for maturity to sell? If it is a going concern and the stock is heading lower, analyze their debt or ask your advisor to do it. This is the toughest question he has ever had on Berman’s Call.

XGD-T is the market cap weighted way to play the golds. ZGD-T is another one. Gold is probably going to be 1100-1350 over the next couple of years. He would buy dips in the gold names for a return to $1250 over the summer. It is a good play this summer.

(Top Pick May 2/16, Up 12%) It owns Great West Life, IGM (Mutual Finds) and a holder of European firms. It has more of an exposure to Europe than the other guys. CRM-2 with more discloser was thought to hurt them, but did not.

(Top Pick May 2/16, Down 19%) It was a disappointment because their same store sales were pretty anemic. It had to do with the oil patch. Long term they are investing in their restaurants and turning them around. St. Hubert in Quebec was a good investment.

(Top Pick May 2/16, Up 13%) A Swiss, international company - the biggest in the world. They are a bet on world GDP.