Jun 30, 2009

Time to get back into selected stocks and RRSPs?

(left-click to enlarge)
For us more cautious investors, it may be time ot get back into RRSPs and stocks.
As this article (today's Star June 30th) indicates, investors are tired of holding back and want to get in before prices climb higher.
Energy and financial stocks appear to be the magnets at this time. See my other item added today on oil demand in China.
All indicators support this as a blip in the markets and much more time will be required to come out of the recession. It is a time to be very cautious and, if buying into energy high investments, be sure to watch carefully. Having said this, it does appear unlikely that major energy stocks (oil and natural gas) will decrease in value in the future ... demand will only increase (see China oil item in this blog).

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