Daytrading Canadian stocks in Realtime Message Board

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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: the Chief who wrote (35854)	4/24/2000 11:51:00 AM
From: Shack	Read Replies (2) of 62348

It used to reflect the migration from equities out, now it reflects very little, because we have become a society where we migrate out of one group of stocks (Nas) to another group of stocks (Dow) and then back again Tought to use the Dow as a gauge of money flows given Intel and MSFT are in there now. Wish we had a "cash" index. The 30-yr still moves a smidge with a negative correlation to equities..but not as significantly as it once did I guess. Their greatest bitch was no-one would consider a P/E of 200 for Petro-Canada, no matter how much they complained...so what to do???? "Pss all over the teckies till they come down to a multiple that can be reached by the "old school" stocks The gap can be narrowed but never the two shall meet. Kind of a catch-22 for the oils...higher prices=higher profits but also leads to economic slowdown which leads to a slowing in demand for their product. Remember, if earnings rise 25% over the next 2 quarters and the market remains flat....we just had another 25% correction without knowing it?????* Excellent point. But how do the fund managers feel about recording a 0% return for the year?

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