It was another very strong day for many of our stock picks. Bank of America up 3.3%, Wells Fargo up 1.7%. Stantec up 2.4%, Canadian Western Bank up 2.0% Looking at the overall markets the Dow Jones was up 0.9% and Toronto was up 0.4%.
I thought about trimming some positions today but did not.
Markets were up largely on hopes for a solution to the so-called fiscal cliff in the U.S.. With time running out before the Christmas break, it is certainly possible that hopes for a compromise on that will fade and if so the market could easily retrace its recent up-steps and more. Such is life is life in the markets.