Today the S&P 500 was up 0.1% while Toronto was down 0.3%. Canadian Tire was down 1.1% to $80.62. At one point today it was up to $82.45. Given this is my largest holding I perhaps should have had an order in to sell some at $82 or whatever just to take advantage of volatility. There did not seem to be any really notable movements in our stock picks today just the usual bobbing up of down.
I had a bit of correspondence with Barrick Gold as I could not resist pointing out to them how abysmal it was that they had achieved so little in the way of earnings over the years. If I understand and recall their telephone response correctly it was along the lines of: yeah we were really dumb in the past and blew a lot of money but now we have a new CEO and are going to do things differently. Does not exactly inspire confidence. In my opinion, they have become a national embarrassment.