| Although the 2006 year end is four months away, we believe that a present
stock-by-stock evaluation with regard to prospective tax-loss selling is quite
timely. It is our opinion that the current quiet period, ahead of the post
Labour Day business reacceleration, provides portfolio managers with minimal
distractions. This clarity will enable managers to analytically examine
the relevance of individual securities in the context of 12-18 month projected
investment objectives. |
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