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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: arnie silver who wrote (24577)	11/1/2006 1:17:42 PM
From: jayt	Read Replies (2) of 37387

Arnie, "Government is the problem, not the solution" (Ronald Reagan)....a quote borrowed from our beloved moderator's profile. I think it's fitting seeing as what they are doing to those trusts today. I'm not really familiar with this portion of the market as I'm an absolute return market player, and prefer growth/momo a high percentage of the time. I would seek comfort in Al's take on it. He's seen this game played longer than myself, so I'll bet he's spot on with Flaherty getting shown the door. You're down 50+.....imagine what the bigger market players are down today. Rest assured there are some highly pissed off people today, and this story is not going to get out of the headlines anytime soon. A revolt of big money could result from this, but does Canada care? Are they starting to figure out they were letting too much cash "leak" out of the country, or are they just being greedy? Kind of similar to what Russia is doing..."adjusting" royalties and limiting foreign investment. This is almost like looting a pension fund since so many seeking a degree of fixed income are invested here. What are the implications towards new capital coming into these spaces? I think Al is spot on again in that it will eventually result in a higher demand for the existing trusts, because new ones will just not come to market. So in the mean time I guess you just have to wait it out, or move back into some more aggressive plays to recapture your losses. I'm in favor of the "putting the wife back to work." Sometimes tough times call for drastic measures. And Lord knows you don't need to get back out there. Who would drive the boat on the fishing trips? Buck up....hopefully it will be just like any other BS market shakeout...except the government orchestrated this one. Wishing you all the best - JT

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