October 8, 2014 Comments

On Wednesday the markets were down for a time but then ended very strong to the upside as the FED signaled that an interest rate hike was not likely imminent.

The S&P 500 was up 1.7% and Toronto was up 0.6%.

Fedex was up 2.7%. Costco reported strong earnings and was up 2.8%.

Liquor Stores N.A. managed to be down 2.4%. I wonder if someone could buy it out and take it private? Perhaps the money going to dividends now could go to paying debt in a leveraged buyout. But the problem is it has not been earning its dividend and needs some kind of major surgery to get back to profitability. I have lost faith in current management. Maybe they will prove me wrong.

Perhaps yesterday and this morning I should have been nibbling on some stocks but I have wanted to be cautious about spending my “dry powder”.