June 24, 2013 Comments

It was a negative day on the markets with the S&P 500 down 1.2% and Toronto down 1.3%.

For whatever reason Canadian Tire managed to gain 1.2%.

Despite some recent losses, I don’t feel bad about how our Stock Picks have done.

I think it is fair to say that I have mentioned the concept of taking profits a number of times and that I have done some of that. So I sit with a good amount of cash right now for bargain hunting and I assume that many subscribers may be similarly positioned. I think it is fair to say that I warned that long-term bonds were in a a bubble and should be avoided.

High yield entities have been very popular but I have never had a big exposure to them and was not a big fan, especially lately as yields crept lower. That has worked out well.

I mentioned on Thursday that I had placed an order to buy some Canadian Western Bank if the share price hit $27.10. That order was filled near the open today.

 

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