In Jen's piece Greg Newton opines that it probably won't make much difference and Matt Hougan does. I think looking back, it is possible that having Canada did matter but if the doom and gloomers about the future of the US turn out to be anywhere close to right Canada would be impacted and save for oil sands (if that even?) I would want to be out of Canada. Just something to think about for later.
For now though I own Canada with a bank (nice yield) and an oil sands stock (potentially huge growth).
There was a lot of great feedback on the post this morning about The Ultimate Strategy. First, I just assumed that Merriman intended for it to be rebalanced at some sort of interval even though the article did not say as much. To one comment; it does include a lot of foreign per the article. Someone made the point that looking forward is very difficult or it is impossible or some similar sentiment. I will concede it is not easy I will not concede impossible. Further it only takes one great decision in an investing lifetime (here I am thinking something that misses a big chunk of down a lot) to dramatically alter your lifetime's returns.
One last item; where's Melissa Francis? She used to cover energy for CNBC and since they kept telling us how great she was I just assumed it was true but now she is gone.
I pulled this picture off the CNBC site today so she is not gone gone. If she is ill I wish her well but it is a little strange. It seems longer than a maternity leave to me.
10 comments:
You reminded me of a funny article by Jon Markman. Well, maybe Canadians didn't think it was so funny.
http://moneycentral.msn.com/content/P138885.asp
Melissa Francis is now hosting "On the Money" on at 7pm EST. I also found her extended absence strange.
Northern Alberta is likely to remain the world's largest construction site for the next 20 years. Unfortunately due to the number and size of the tar sands projects, there are severe resource constraints resulting in rapid cost escalation...Total has deferred its project for three years due to cost pressures. The existing tar sands producers and those with projects well underway are where to be now.
One worry right now is the Canadian Govt's new found(and some might say politically opportunistic) love affair with the environment and Kyoto. Tar sands production results in heavy CO2 output. After the oil income trust fiasco in October, one shouldn't discount the Canadian Govt.'s ability to snatch disaster from the jaws of certain victory.
She was excellent at talking down energy at every possible opportunity. Even better than Kudlow.
So now I'll put on my tinfoil hat. Is moving the hott babe from energy to something else a sign of a top? An interim bottom? Recall they had that Diana whatsit babe covering housing at the exact top summer 2005.
Maybe Howard Stern had her "taken out"
http://www.youtube.com/watch?v=O-fPDb7aATk
What a jerk that guy is.
Anon 12:32 opined:
"One worry right now is the Canadian Govt's new found(and some might say politically opportunistic) love affair with the environment and Kyoto. Tar sands production results in heavy CO2 output. After the oil income trust fiasco in October, one shouldn't discount the Canadian Govt.'s ability to snatch disaster from the jaws of certain victory."
I agree, and I lost $ on BPT because of that commie government Bozo shooting off his big bazoo about wanting to tax anything he could get his greedy hands on (this time oil trusts). I remember Roger that you commented a while back that China was not the place for you because of their less than attractive political climate. Well, our neighbors up north are socialists as well.
And with oil prices dropping like they are the oil sands play may be put on hold even longer. I also see that USO is down today 4.27% and IXC is down 1.26%. Again, not the time to be getting into any energy holdings.
Melissa was kinda hot for a money babe.
Monica Lewinsky just received a degree in Economics. She may well may be a new arrival to CNBC and report on the energy sector, with a bias towards wind power.
Roger,
What's the story with the foreign markets?? I own some well rated international funds and all have been whacked in the last week. Julius Baer, 3rd Millennium, all top rated funds are down big. WHY???
1) Roger, I live in Prescott, too, and am enjoying a beautiful warm morning. The folks who are predicting horrible global warming effects are the same folks who predicted our big storm last night.
2) Melissa Francis played "Missy" on Little House on the Prairie.
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