October 18, 2015

On Friday, the S&P 500 was up 0.5% and Toronto was up 0.1%.

The Canadian market will have the results of tomorrow’s election to ponder and should react somewhat to that on Tuesday.

The U.S. Q3 earnings reports will be pouring in these next two or three weeks and the Canadian Q3 reports will start to come in this week but most will be late October to early November.

I sent out to the free newsletter list an update of my Exchange Traded Funds list. (It’s a separate list but most paid subscribers are on that list as well. You can add an email to the free list or remove an old email address at this link)

I knew that the P/E ratios would be looking better than at my last update but I was surprised at just how many segments of the market look attractive. Even the global gold shares ETF reports a low P/E ratio and low P/B ratio and that is the first time I ever recall that. As I recall, Gold companies looked expensive even when Gold was near its peak.