Trouble in the North !
The TSX is made up mainly of financials and resource stocks; and both groups are falling apart in the short term. Bank of Montreal came out today with second quarter earnings and beat the estimate; and raised the dividend 17%. The stock, which was significantly down already, went down further. Imagine if they had raised the dividend 50% ? There would probably be no bid at all.
The market cannot be upset by the past or present; it has got the jitters because of the future. And does the future look this bleak ? Maybe, and maybe not.
Liked reading your blog on investLogic at www.inveslogic.com/inveslogic_View_Source?fid=85.
Meanwhile, how you do feel resource stocks in alterantive energy sector in Canada, like Uranium, will go an year, two years from now, basis demand from China and India and their compbined interest in non hydrocarbon based energy?
Tony
Vancouver
Posted by:Tony Mitra | May 26, 2006 at 01:49 AM