The market is up a bit. The long term bond yield has moved up quite bit this week. If 10 year yield move to over 4%, that would be troublesome. The lower crude oil price probably provides some relief for consumers. If oil price go below 68, then you will see a debt problem from Russia and middle east, possibly Mexico as well. Fed won't change interest rate unless forced by market. Gold will rebound soon (my guess is gold will correct to 1040-1100). Will buy IMG (in Canada) around 16.
Closing value
Portfolio 1: 110463 (U$) (original investment: 110k, started Nov, 2009)
Portfolio 2: 80350 (C$) (original investment: 80k, started Nov., 2009)
Saturday, December 12, 2009
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