October 28, 2014 Comments

Tuesday was a strong day in the markets, with the S&P 500 up 1.2% and Toronto up 1.1%

Almost all of the stocks on our list were up. FirstService however was a notable decliner, down 6.9% after releasing earnings before the start of today’s trading. It’s still up 25% in 2014.

Melcor was down 2.7% to $23.70. I would chalk that up to the volatility of a thinly traded stock. Perhaps it is a delayed reaction to the dimmer outlook for oil prices released by A Goldman Sacks analyst yesterday.

Tomorrow, Wednesday should prove to be an interesting day in the market as the FED will apparently have some statement about the outlook for interest rates and is expected to wrap up its QE3 bond buying program.

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