Red-Hot Resources

"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Friday, August 03, 2007

For Whom the Bear Tolls

Here's an update of a chart I've been watching all week ...

Confirmation should come Monday or Tuesday. Alternately, market could just be faking us out. Perhaps the Fed will save the day by lowering interest rates.

Here's the interesting thing: Most of the stocks in the Red-Hot Canadian Small-Caps portfolio were up today. Is the Canadian natural resource sector strong enough to keep going while the US stumbles?
Check out my new gold and energy blog at MoneyAndMarkets.com