Selectivity Plays Key role in Market as Rates Fall
Toronto analyst John Ing of Pitfield Mackay Ross says falling rates spark a brief rally but a bear market persists. He notes sluggish economy, 1982's favorable bank earnings, and warns against leveraged stocks while favoring banks, utilities, and selective energy plays amid weak growth and budget risks.
MENTIONED IN THIS ARTICLE
Toronto
John Ing
Pitfield Mackay Ross Ltd
Ing
Tax loss selling strategic guidance from financial experts
Toronto analysts urge a measured approach as 1981 ends with Dec 23 tax loss deadline. They warn against wholesale selling and advise reviewing each holding, considering stock outlook, and using options or converting positions to preserve value. Investors should compare costs with tax savings and rebalance into bonds and utilities if losses exist. Husky Oil and Dome Petroleum cited as examples.
MENTIONED IN THIS ARTICLE
Financial Times
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David Dvorchik
Moss, Lawson and Co. Ltd
Dvorchik
Husky Oil Ltd
Dome Petroleum Ltd
Mote
Czar Resources Ltd
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