Monday was a strong day in the markets with the S&P 500 up 0.7% and Toronto up 0.5%.
Tesla was up 10.1%. That company is not covered on our Subscriber Home Page list but I own a very few shares and I keep an eye on it.
Most of the stocks on our list were up modestly. Another good day be an owner of companies.
A story today says that the Trans Mountain pipeline could be delayed by nine months if it is forced to continue on its current route where it has run into trouble doing a certain tunnel. How is is possible that rail road tunnels were built 150 years ago and today this company can’t get a tunnel done? It’s preposterous. I would bet that if you got the right contractor in there with the right incentives the tunnel would be done in six weeks. The current CEO of Trans Mountain is Dawn Farrell who for years presided over abysmal performance at TransAlta. You can’t make up this kind of nonsense. The level of incompetence at Trans Mountain over the years is simply staggering. And millions upon millions were paid to executives for that horrible performance.