July 16, 2008 Morning Spot

This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts for investors outgrowing their mutual funds.



It has been said that it is always darkest before it is completely black…but three interesting things came to light during yesterday’s sell off.



1) The Volatility Index broke through 31, indicating a high level of fear, which has been a sign that it is time to buy, historically.

2) Money Market holdings hit an all time high, again a buying signal, as money on the sidelines usually precedes a recovery.

3) Oil, which has been hanging over the market, took a sudden, record size move downward, which hurt energy stocks, but again should help the economy.



There is no guarantee that these traditional signals mark a change in market direction, but opportunities likely exist in selected names.



Have you outgrown your mutual funds?



For a review your portfolio, or a complimentary copy of my CD, visit, www.beyondfunds.ca or call me, Jeff Wareham, at 519 660 3260.

This program is for information purposes only. Fees, management fees, and commissions may be associated with mutual fund investing.

Investors should consult their prospectus before investing. Views expressed are those of the author, not Scotia Capital. ScotiaMcLeod is a division of Scotia Capital Inc, member CIPF.