In this issue

• While you were sleeping: mixed start to the week

• Loonie tunes up: the Canadian dollar continues to trade above “par” vis-à-vis its bigger brother to the south

• Muni update: talk in Congress of a broader bankruptcy bill that would give the states the power to adjust their pension obligations and rework union contracts

• Auto sales hanging in well

• The herd effect: bullish sentiment at extreme level and we have a dangerous investing backdrop otherwise known as groupthink

• Obama gaining some serious ground

• Getting big: looks like large-cap stocks are about to take the baton away from the higher-risk small-cap group

• Staying at home: we continue to advocate a core position in Canadian securities considering how treacherous the overseas climate is proving to be

• Bonds still having fun: our long standing call on bonds remains intact

Please read on … HERE