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1) 80% of the people of Iraq want all foreign troops to leave the country.
2) There are three separate cultures in Iraq; to the far north,the Kurds; in the near North. the Sunnis; and in the South, the shia. None of these three want a strong central government.
3) The majority of the people of Iraq do not want a democracy; they want to go back to a theocracy.
Given the above it is going to continue to be a difficult situation for the Allied forces.
After the abandonment of Ontario's big mining companies by the Ontario Gov't there are is only one big one left; Teck Cominco ($85.50) which is a B.C. company.
Fortunately, the Base Metal Index has broken out again as has Teck Cominco; on the charts the stock measures uo to $103. Our latest Report has much more to say about this stock and this appealing sector.
These two are obviously very important sectors.
Our Report next week has a lot to say about energy and mines; some of the information you may have never seen before. Some of our observations may influence you on sector weightings in you portfolio.
Mr. Dobbs seems to be on CNN everynight. He says that China is bad for America because they make just about everything for a lower price to Americans, and sometimes much lower.
To us the bottom line is this; if China could make a comparable quality car that would sell in the U.S.A. for $5,000 instead of $20,000 would this be good or bad for the U.S.A. ?
We have not put in a lot of time on this question but our first reaction is that it would be good for the U.S. and if they sell it in Canada for Cdn. $5600 it would be good for Canada as well.
What do you think ?
Supposing the BCE conversion to a trust goes as advertised ?
We think the banks would have another look at it.
In our Report this coming week we have a thorough look at Canada's great bank stocks. We have selected only three of them and put them in order based on our analysis.
Also, we have estimated at what price these stocks may be 12 months from now.
To get this studious Report just email us at fraserratings@yahoo.ca it is free and no strings attached (no obligation)
Ever since the loonie started to move up from the low sixties, U.S. stocks have mainly been out of favour. And, justifiably so. But now we have got to the point where the ninety cent loonie is a threat to our exports. Indeed the Royal Bank is suggesting that Ontario could be headed for a recession.
As far as U.S. stocks are concerned have we now got to the point that they have more potential to go up than has the loonie ? We think so. We think Canadian investors should now have a good look at U.S. stocks. Caterpillar($69.00) is one that looks greatly undervalued to us.
Despite the fact that the Dow is at a new high there seem to be more bears than bulls.
Stocks are up, real estate is up; life is good.
Our view is that life is good is because interest rates are low; and if they stay low there are more good times coming.
