On Thursday, the S&P 500 was up 2.4% and Toronto was up 0.9%.
Almost all the stocks on our list were up.
As always I don’t spend much time trying to predict where the market is headed. Basically no one can because it is subject to many random events. Instead I focus on trying to react to existing stock prices by trying to find and buy some companies that appear to be under-valued and to sell out of (or reduce) positions that I hold that become apparently over-valued. This is an exercise that at least has a chance of success. Trying to predict random events does not seem worthwhile. Some people may have success predicting how long certain trends will last once set in motion. I don’t think very many have success at that. trends may also end for random unpredictable reasons.
Investors should decide if they think of stocks as ownership of small pieces of real businesses or as mere squiggles on a screen. Most apparently are in the second camp.