Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who started this subject	2/12/2004 11:09:16 AM
From: Cush	Read Replies (1) of 5144

Faulty thinking, as I see it. The Canada Pension Plan Investment Board (CPPIB) said the money it made during its third quarter, ended Dec. 31, 2003, enabled it to move from a loss to a gain on its cumulative market investments since early 2002. Here's the link to the CBC story. cbc.ca I don't think the government should be in the equities markets, especially not with Canadians' retirement savings. Here's where I think their gains came from - they own *extremely* large positions in Nortel, RBC, and a few other well-known Canadian based companies. And they're pumping more funds into these same companies each month. Not surprisingly, that helps drive the price of the equities higher. So, start with a large position in Nortel for example, then add to that position and drive the price up, and the overall portfolio looks great - *until you try to get out*. They're playing with fire in my opinion. Cush

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