U.S. stocks

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.

Comments

[John D]

Well, the CAT is being slaughtered today, Oct 20, 2006.

Are you revising you estimnates, or do you think it is an even better buy now?