8 ordspråk av Julie Brough
Julie Brough
A lot of the move today was going back to our old favorites -- gold and oil.
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All we are seeing is a little bit of profit taking after the surge we have had in the last couple of days. We started off the year with a tremendous boom.
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I think this is a battle between people taking profits and people afraid they haven't been participating, by not having enough (commodities-related stocks) in their portfolios.
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There is certainly not a lot of inducement to buy (stocks) right now. It does look a little bit tired and the valuations, in my mind, are not anything to get excited about.
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This market is just so fully priced that it's just impossible to find anything worth buying and I wouldn't be surprised if we start to see some real pullback.
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We are really at a point where we have to break through the 12,000 with some conviction, or we're going to pull back again.
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We're stalled. When you see oil prices back up to their high, you've seen gold hovering around $600 US, people are making some really good money and I think there's a lot of people who are just taking the opportunity to crystallize some gains which is keeping the market at bay a little bit right now.
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We've had a pull-back in gold and oil prices, and surprise surprise, oil and gold companies are off, that's the Canadian market.
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