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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Umunhum who wrote (44057)	5/16/2005 5:35:33 PM
From: Cogito Ergo Sum	Respond to of 206338

I am contemplating on slowly legging into the Canadian Dollar Why ? regards Kastel

To: Umunhum who wrote (44057)	5/16/2005 6:54:01 PM
From: Taikun	Respond to of 206338

uhm, I listened to Coxe as well. On this: <***Doesn't believe this sell off can continue much longer because all the resource companies have very deep pockets now and he expects to see buybacks and buyouts if this continues.> you are right, this was his point. My interpreatation (not Coxes) was that this is bearish. Just as Dell wowed the market with high per share metrics after their buyback, the meat of the matter was overall sales weak. In cyclical stocks buybacks seem to indicate a lack of growth. Buyouts do not necessarily improve value. I suppose if investors are rotating from growth to value (the growth story is dying if not dead, Italy's Q1 drop in GDP of -0,5% removed how many bpd of demand?...plus others) then cyclicals improve their value story through buybacks, but buybacks aren't isn't the cyclicals best hand. Growth is. Remember, typically after the commodity cycle comes the bond cycle. Investors who don't see the growth start to get starry-eyed about maybe 6% yields on the 30 yr if it is issued in a few months. D