13 Quotes by Ian Nakamoto
- Author Ian Nakamoto
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The fact is the market went up a lot, and whenever there is a reason to take profits, people will take profits.
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Now that they've got their footprint in that area, they're starting to build on it.
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There is more to it than just the natural resources story. If you look at the Canadian economy, it looks very good.
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I think we're still in a bull market for commodities and the fact that we are pausing or correcting a bit is healthy.
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I think they're definitely looking for asset management companies in the U.S.. Certainly, they have a shareholder base that's confident of their ability to do a large acquisition without any hiccups.
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We were so strong yesterday that I think there is a natural inclination to sell a little bit off. But this is a dip to be bought rather than to be sold into.
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Energy stocks will pass their highs. Canada's looking like a shining star. It's got the commodities.
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I use dividends rather than earnings because they more accurately reflect whether a company's board feels good about its business, balance sheet, ability to sustain working capital costs, and its future in general. Earnings tell you nothing about that, and can be manipulated.
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These commodity stocks, including the base metals, are still below their all-time highs, so I think they will play some catch-up here.
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