N/A
A Comment -- General Comments From an Expert
Market. He expects consensus in the US mid-terms where the house goes to the democrats. The republicans may gain a couple of seats in the congress. That may be the best case scenario. If the democrats sweep both that would be the worst case. Markets might get excited about another tax cut for the middle class. If tax reform is pushed back it might be a kind of a yawn. After that focus turns back onto China and trade. It could take years to reach an agreement. The theft of intellectual property is not easy to solve. We are late in the investment cycle and we are going to see the European bank stop buying 10 year bonds. There will be credit stress there next year.
Unknown
COMMENT
Recession. When is it coming? Caller sites Larry predicting it later and later from 2017 through 2020. The average bull market is 5 years so that long after 2009 a correction seemed increasingly predictable. Since then it has a lot to do with what has happened with the interest market. An inverted yield curve is the best foreshadowing of a recession. Mid-2019 is his best prediction of when the inversion will come. Nobody knows. This is the longest expansion in time that we have had a bull market without recession in history.
Unknown
COMMENT
They are integrated in the core part of global growth. The global growth story is slowing down. Growth over the last decade has been all fueled by debt. It does not mean we may not get a cyclical trade as China steps on the gas. Maybe you can get a trading rally. Analysts are 80% positive. (Analysts’ price target is $40.17)
Mining
DON'T BUY

ETFs in the Healthcare space for Canadian Healthcare Space. Larry recommends a US currency hedged covered call healthcare ETF.

Unknown
COMMENT
If you own something that you owned for a while, you should think about it as: Is there something out there that I could own that would be similar in risk that will do much better? He has been nibbling here. He used ZPT-T for preferreds. ZWU-T has a similar risk and gives you a nice dividend.
Unknown
BUY
A Comment -- General Comments From an Expert
Gold stocks. are trading at about a 35 year low. In the future they may do better than other equities. He is not a gold bug but he would play US and Canadian gold ETFs. He is overweight in gold right now.
Unknown
N/A

Educational Segment. When the outlook is not clear, we have options – How to use option strategies. We don’t know what will happen after this US election. There are 4 strategies: 1. Outright long. Highest potential risk. 2. Add a covered call to long to reduce risk. 3. Sell At The Money Put and use a Money Market Fund for your cash; and 4. Sell an Out of The Money Put. He thinks the current lows will hold and you could use one of the 4 types.

Unknown
WATCH
It is looking pretty good right now but has run into a lot of problems. It is starting to turn over. He would be cautious with stocks like this with a slow turn over after a big increase. If market conditions get worse you will see profit taking. Don’t buy it until it gets above $49. Fundamentals look very strong, however.
Transportation
N/A
A Comment -- General Comments From an Expert
Market. The market needs to hold the February lows or we could see it go lower. The overall markets are tricky right now, as has the whole year. We are not seeing too many tradable trends. RT-T is a good indication of what the banks have done.
Unknown
BUY
Anthem Inc
Support is close to where it is now at $264. Take a position accordingly. If it gets below support it could go down to $230. It has a wide trading range. He would consider taking a position in this but start small and be willing to sell below $260.
medical services
WATCH
Altagas Ltd
There is a lot of concern about earnings and viability of the dividend. It looks like TRP-T in 1998 when they talked of reducing their dividend. It reversed since then. ALA-T has a lot of nervousness. All the fundamentals changed and it is now a dangerous stock. We need to wait for a confirmation of the reversal of the downtrend. They got rid of the premium drip program but that is just a drip in the bucket.
oil / gas
WAIT
He held this in the past. It looks dangerous. He would wait for it to get down to the $1.35 level. It is almost micro cap and these companies can run into problems. Use the 100 day moving average. (Analysts’ price target is $2)
Transportation
DON'T BUY

XIT-T vs. XLK-N. XIT-T is a market cap ETF. XLK-N is very diversified. XIT-T will be much more volatile. He would choose XLK-N because of diversification. The top has been in place for a while so he would be worried about them both. He would stay away, but choose XLK-N if his arm was twisted.

E.T.F.'s
DON'T BUY
XIT-T vs. XLK-T. XIT-T is a market cap ETF. XLK-T is very diversified. XIT-T will be much more volatile. He would choose XLK-T because of diversification. The top has been in place for a while so he would be worried about them both. He would stay away, but choose XLK-T if his arm was twisted.
E.T.F.'s
WATCH
Apple Inc
It is giving back its huge increase now. It could go down to $190 with the next support is at $160. This is your potential downside risk.
electrical / electronic