Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: twmoore who wrote (60161)	2/8/2005 4:19:50 PM
From: twmoore	of 74559

People are starting to raise some red flags over Income Trusts.I don't have access to the rest of this article,but Carrick goes on to say that the value of the trusts are being held up to the point of being over-valued because people are reinvesting their dividends in these trusts at the higher price,almost like a pyramid scheme. This article is from today's The Globe And Mail, Toronto Trust-happy clients forget tech's sting, financial adviser finds By ROB CARRICK Tuesday, February 8, 2005, Page B23 There are some interesting parallels between today's income trust market and technology stocks circa 2000 at Tony De Thomasis's financial advisory firm in Thornhill, Ont. Clients are clamouring to invest in income trusts just like they did with tech stocks four years ago, said Mr. De Thomasis, who has 25 years of experience as an adviser. "They think trusts are going to keep going up," he said. "I thought that after what happened in the tech sector, people would be a bit smarter. But they still think that if they made money in trusts last year, it's a good reason to buy again this year."

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