Toronto Escorts

tsx to hit 13,500 in 2010

pokergod

Member
Apr 15, 2007
614
0
16
how many of you think that will happen?

http://finance.sympatico.ca/Home/Co...ne=False&subtitle=&detect=&abc=abc&date=False

"We believe the TSX still has room to post a meaningful rise from current levels, and have a 12-month target of 13,500," UBS strategist George Vasic wrote in the bank's latest Canadian economic outlook Wednesday.

Since troughing on March 9 at 7,566, the S&P-TSX Composite Index has gained some 55 per cent this year, touching 11,779 on Wednesday. After such a meteoric rebound, some have worried that the rise in equity values seems to have outpaced the nascent signs of growth in the actual economy.

But the fundamentals support further room for growth, Vasic said.

Even if earnings growth is flat in 2010, normal price to book value relationships would suggest the TSX should fairly be at about 12,750. (The book value of a company is the value of its assets on its balance sheets; it may or may not align with the actual market price at any given time.)

Of course, the bullish outlook is not without its risks. Fluctuations in the Canadian dollar could exacerbate returns in either direction.

Vasic also notes that Canadian stock prices are at the mercy of three forces. The developing world largely dictates demand for resources, the U.S. economy affects the export environment for the industrial and telecom sector, and the domestic economy drives the financial and consumer-based sectors.

The forecast depends on "the absence of any new financial tremors" in any of those areas to throw the recovery off kilter, Vasic says.

In 2010, "investors will need time to confirm that growth that has just turned positive can be sustained and not just be a result of the unprecedented levels of stimulus that have been injected into the system," Vasic said.

The bank singles out financial firms such as Royal Bank of Canada and Bank of Nova Scotia, materials firm Potash Corp., oil conglomerates Suncor Energy Inc. and Talisman Energy Inc., rail operator Canadian National, gold miner Barrick Gold and coffee chain Tim Hortons Inc. as its preferred stocks for the year.
 

Radio_Shack

Retired Perv
Apr 3, 2007
1,526
1
38
It may or may not happen, it really depends on which way the market goes.
 

fuji

Banned
Jan 31, 2005
80,012
7
0
¯\_(ツ)_/¯
is.gd
"And if you believe that I've got some shares to sell you"


(I have no idea, but I couldn't resist that one)
 

Tokyo Heights

Tokyo Heights
Aug 29, 2009
1,375
0
0
Hope for the best that we could reach atleast 13500 Index Points at TSX in 2010
as my major funds are blaocked in dam mutual funds, hope to get out of it once and for all!
 

SkyRider

Banned
Mar 31, 2009
17,572
2
0
Here is the paradox. As the economy recovers, interest rates will start to rise. Rising interest rates usually hold back the market by drawing money out of equities and into bonds.
 

middleweight

New member
Jun 25, 2005
730
0
0
45
Downtown TO
Here is the paradox. As the economy recovers, interest rates will start to rise. Rising interest rates usually hold back the market by drawing money out of equities and into bonds.
I don't think rates will be touched till atleast 2011

Double dip recession anyone? from the people I have talked to...50% say yes (TSX will drop to 9500) and 50% say no...

I think (wild guess) we will see some small correction (TSX goes to 11000) and then end of 2010 will be 12500.
 

SkyRider

Banned
Mar 31, 2009
17,572
2
0
Yes, it is possible that the TSX could hit 13,500 in 2010. That is a 15% rise from the end of 2009. Certainly, not an impossible feat. Also, 13,500 is still below the all time hight established in July 2008.
 

great bear

The PUNisher
Apr 11, 2004
16,172
56
48
Nice Dens
The TSX is dependent upon 3 main areas 1. financials 2. Mining 3. Gas and Oil. The financials "Big Five Banks" are pretty well fully priced. Mining stocks have had a superb upside run. Natural Gas is at the top end of its price range. That pretty well leaves oil stocks for the upside. I do like Manulife for a chance at getting a nice return. Cheers GB
 

21pro

Crotch Sniffer
Oct 22, 2003
7,830
1
0
Caledon East
I wouldn't doubt or bet that 13,500 will be reached in the next 11 months because it is too heavily RIM weighted... on the other hand, it's only another 15% from today's levels. historically, the tsx has done much greater coming out of recessions! I've been fully in since March '09
 

Rockslinger

Banned
Apr 24, 2005
32,783
0
0
it is too heavily RIM weighted...
I remember when NORTEL (what a piece of s--t) made up 1/3 of the TSX. The TSX survived, NORTEL did not.

BTW: The return on the S&P in the first decade of this centrury is MINUS 20%. A sure sign of the decline of the U.S. The state of health of a nation's stock market and banks is a sign of a nation's health and the U.S. is not as healthy as it used to be.
 

splooge

New member
May 5, 2010
928
0
0
San Jose, CA
It will definitely hit 13,500... right around Christmas. alot of good financial news to come in the next 4 weeks.
 
B

burt-oh-my!

thats ony about 4% from here, so no biggy at all - could happen in just a few trading days
 

Tokyo Heights

Tokyo Heights
Aug 29, 2009
1,375
0
0
Lets hope for the best that our TSX end around 13,500 points by end of this year 2010!
Many small investros have suffered a lot of tension since late 2007 when the so-called recession due to our neighbouring country started over here in Canada, as we in Canada follow the same pattern whatever happens with our elder brother USA
hope their conditon improves on all fronts, so we can also take a breather on our side of our country. Now the estate side over here is going to be softer during 2011 which would also be a bit good for all those people who are awaiting to purchase their first property over here in Canada. We should have a balance year during 2011. Our C.$ is at parity with US $ which is of great concern for us, as our export suffers due to parity, as we must also export as much as possible, then heavy import of items!
Lord Bless our homeland Canada! Hope and pray that in 2011 our controversial Provincial Government changes, & HST is scrapped all togather, same confusion is going on over in B.C. where the Provincial Govt. honourably resigned this week, paving a way for a better progressive Provincial Government for their Province, hope we are also able to convert the colour of Ontario from the ruling Red to Blue soon:) as most of our middle class people of Ontario has lost faith in our present premier and his party, so our PM should take a note of this situation and announce early spring elections when the iron is hot and ready to strike! Goodluck CPC & Mr. Stephen Harper from 2011 onwards the new term is favourable for CPC!
 
Ashley Madison
Toronto Escorts