Arjun Rudra submits:
As 2009 nears a close, the S&P TSX Composite Index is up 2646.14 points (29.44%) and the S&P 500 Index is up 207.1 points (22.93%). Given the disastrous results of 2008, portfolio managers and investors who have ridden the crest of this rally in 2009 should and probably are thinking about locking in at least some of their profits going into year end. Elsewhere, gold continues to mov
e towards $1200/oz while oil doesn’t seem to be holding up too well after failing to breach the $82 level.
For his take on the markets, I spoke to Jeff Young, Portfolio Manager with NexGen Financial. [bio at bottom]