Monday, June 1, 2009

Icon GM scheduled to file for bankruptcy

It looks like a dramatic day on the markets, as American Icon GM is scheduled to file for bankruptcy this morning. A few months ago, this might have seemed unthinkable, and markets would likely have plunged. This morning, markets around the world have surged, and North America appears set to follow. Chrysler and GM in bankruptcy are evidence of how much the market has changed in the past few months, and your investment strategy likely needs to change with the new realities of the global market. Are you looking for a second opinion on the state of your investment portfolio? Do you want to discuss your alternatives? 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, member CIPF

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