On Wednesday, the S&P 500 was down 0.8% and Toronto was up 0.2%.
Rate reset preferred shares were up today. I thought that was perhaps due to a rise in the 5 year Bank of Canada rate but that rate was actually down today.
I notice that more and more web sites have absolutely no scruples when it comes to what kind of advertisements they allow. Yahoo Finance is now filled with advertisements of the most dubious nature. Tons of paid links to weird celebrity news stories and photos, most probably false. Paid links to various scam sites. I just clicked on an ad there for “Canada Goose on Sale”. That got my attention because Canada Goose has long had a strategy of no sales. They do not allow stores that sell their jackets to put them “on sale”. The site cgoutlets.com advertises prices around one third of retail. I am virtually certain that this site is a scam. It is shameful for Yahoo to be advertising scam sites.
On InvestorsFriend I have for some years run ads provided by financeads.ca. They mostly run ads for the Bank of Montreal. They don’t run garbage ads or they would not be allowed on my site. About four months ago I allowed a new Canadian outfit called narrowcontent to run ads. They have promised me the ads would be for reputable products and that has been the case. They have mostly run ads for Amazon Kindle products. You will not see any ads for sites or products that I consider to be dubious on this site. I won’t allow it.
I also have a links page which basically is filled with links to sites that I find useful and that are related to investments in some way. Many times I have been asked to put links there to other investment sites, mostly ForEx trading sites. They would reciprocate with links back to investorsfriend.com. That might drive my traffic up a LOT since Google uses such links to rank where a site shows up in its searches. But I don’t trust ForEx sites and simply will not allow links to them or to any other site that I do not trust.