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Posted on June 15th, 2010 by Barry Schwartz

Here are the facts about the so called “Eurozone Crisis” On April 27th, Greek sovereign debt was downgraded to “junk” status as credit rating agencies feared that deficits were out of control.  This led to a massive sell-off of Greek debt as many pension funds, banks and other institutional investors are not allowed to own […]

Posted on June 2nd, 2010 by Scott Mazi

Bonds were up again for the month May, with the overall Universe increasing 1.2% taking the YTD return to 2.4%. This month the long end of the curve significantly outperformed and the short end underperformed (mid was flat). We also saw governments outperform corporates by a wide margin across the curve but especially beyond 5 […]

Posted on June 1st, 2010 by Baskin Administrator

June2010

Posted on May 30th, 2010 by Barry Schwartz

Each morning we receive bond inventory lists from all the major brokerage firms.  Over the past year we have noticed that the inventory of “quality” product has decreased dramatically along with yields.  Bonds that yielded over 4% a year ago now pay 2.5%.  Fearful investors traded equities for bonds and the resultant demand has left […]

Posted on May 15th, 2010 by Barry Schwartz

A made-up conversation overheard yesterday at the gym…. “Do you still have your money in the stock market?  What are you doing?  The market is way too risky.  I have all of my money in a mortgage fund and it has been paying me 10% a year for years with no risk”. With Canada Savings […]

Posted on May 12th, 2010 by Barry Schwartz

The 10% “fat finger plunge” last Thursday created one of the most violent stock market corrections in history.  The move was unsettling for investors, who are slowly getting more comfortable with this recovery after the massacre of 2008.  Credit Crisis Part 2 was avoided thanks to the quick and decisive action of EU and the […]