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At one of the big brokerage firms in New York, business is done as follows; one of the partners with his right hand sells $500 million asset-backed securites; which are rated top quality; same rating as a US goverment note; the commission could be 1% or 5 million. With his right hand he gets another customer to sell short $500 million asset-backed securites; commision again could be 1% or 5 million. He then goes home to his little estate in Long Island and tells his wife he had a good day at the office; it pays to speak with forked tongue.
Both the Dow and the TSE Composite are now at an all time high. Is it too late to get into equities ? No, it is not, but you have to pick undervalued stocks. We will tell you some high quality stocks that are still substantially U/V; just send us an email for our latest Report.
As I understand it for her kindness was the closest act to Godliness.
Her example were the doors at the Mall; whether the person in front held the door open or let it close in someone's face. We have judged a society by the doors at the Mall for 30 years. It used to be London, England; 20 out of 20 holding the door open; Toronto 17 of 20; Tampa, Florida, 3 of 20. The score today is London, 20 of 20; Toronto, 0 of 20; Tampa, 3 of 20. Sad situation.
Recently, we were playing golf, indoors, and the knee gave out. We went to the nearest Toronto hospital; emergency section. Under very uncomfortable conditions we waited 8 hours and 15 minutes to see a Doctor. This is simply unacceptable.