Today’s headlines
Sep 10/10 – Bloomberg Businessweek – Asian Stocks Gain on Japanese Growth, U.S. Jobless Claims Data
Sep 10/10 – Reuters – – China’s imports leap, cutting trade surplus
Sep 10/10 – Bloomberg Businessweek – Junk Debt ‘Best Bet’ as Issuance Nears Record: Credit Markets
The World is Improving – Just as we Said
Remember our comments throughout the last few months. There will be no double dip recession. Economics are cleansing themselves.
The lesson here is to disregard the talking heads and look around you. Nowhere are there more ‘For Rent’ signs then there were a few months ago. Unemployment, although bad and distressful, is not rising. Bank and other financing is rising. Banks are stable and showing profits.
Successful Investing
If you had doubts until now, it is time to look at what is happening around you. If you wait until all markets have fully recovered, you will be back on that old treadmill of trying to figure out which stocks may rise further when almost all are already fairly valued.
If you want to make money, don’t delay. Start choosing your stocks now. The bottom has occurred. But be careful.
The juniors have started moving. Resources have started moving.
Don’t get trapped in so-called blue chips.
By Larry Cyna
Mr. Cyna is an accomplished investor in the Canadian public markets for over 20 years, and has managed significant portfolios. He is a financing specialist for private and public companies, and has expertise in real estate and debt obligations. He has assisted private companies accessing the public markets, has been a founding director of public companies and continues as a strategic consultant to selected clientele.
He is and has been a director, a senior officer and on the Advisory Board of a number of TSX and TSXV public companies in the mining, resource, technology and telecommunications sectors, and the Founding Director of two CPC’s with qualifying transactions in mining and minerals. He was an honorary director of the Rotman School of Management MBA IMC program, has completed the Canadian Securities Institute Canadian Securities Course & Institute Conduct and Practices Handbook Course, was a former Manager under contract to an Investment Manager at BMO Nesbitt Burns, a roster mediator under the Ontario Mandatory Mediation Program, Toronto, a member of the Institute of Corporate Directors of Ontario, a member of the Upper Canada Dispute Resolution Group, and the Ontario Bar Association, Alternate Dispute Resolution section.
He obtained his designation as a Chartered Accountant in Ontario in 1971 and was the recipient of the Founder’s Prize for academic achievement together with a cash reward. He became a CPA in the State of Illinois, USA in 1999 under IQEX with a grade of 92%. He is a Member of the Institute of Chartered Accountants of Ontario and the Canadian Institute of Chartered Accountants.
He holds certificates in Advanced ADR & in Civil Justice in Ontario, Faculty of Law, University of Windsor, certificate in Dispute Resolution from the Ontario Institute of Chartered Accountants. Previous accomplishments are Manager of Cymor Risk Consultants LP specializing in Risk Management Assessment; CEO of Cyna & Associates specializing in mediation and ADR; Founder & Senior Partner of Cyna & Co, Chartered Accountants, a fully licensed and accredited public accountancy firm with international affiliations; and was a partner in a large public accountancy firm.
Mr. Cyna is well known in the Canadian Investing community. He is invited to, and attends presentations given by public companies usually 3 or 4 times each week. These presentations are intended by the various hosting companies to present their inside story to sophisticated parties and Investment Managers for the purpose of attracting funding, or of making parties more interested in acquiring shares of those companies. Being a part of this keeps Mr. Cyna deeply involved in the current market and leads to numerous investment opportunities.
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