With the too close to call U.S. presidential election of November 2nd, weaker economic growth, rising short-term Canadian and U.S. interest rates, incessant international terrorism, Iraq/Middle East uncertainty and a $50 a barrel oil price, investors appear to be focusing more on the near term price of common stocks rather than their longer term fundamental value.
We believe that although the present period appears to be treacherous for equity investment, it is our sense that now is an opportune time to commit funds to stocks. Prime purchase candidates would be solid, undervalued shares which might have tumbled largely due to general market uncertainty as opposed to fundamental flaws in their corporate business plan.
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