Monday, August 17, 2009

not surprising to see some profit taking

Global markets have been down dramatically overnight. North American markets look set to follow suit. After several months of significant improvement, it is not surprising to see some profit taking. It will be important to see if buyers wade back in to the market if prices pull back, and the next few days may tell us the direction the market will be headed over the next few months. Stay tuned to www,am980.ca to follow the market news, and feel free to call me if you need a second opinion.

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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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