Ross Healy's Top Picks: January 19, 2018 [Business News Network (BNN) Energy & Resources (Canada)]
Yamana Gold Inc. Ordinary Shares (Canada) (AUY)
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Source: Business News Network
Ross Healy's Top Picks: January 19, 2018 Ross Healy, chairman of Strategic Analysis Corporation and portfolio manager at MacNicol & Associates Asset Management FOCUS: North American large caps _______________________________________________________________ MARKET OUTLOOK There’s a whole new market theory in town called the “market melt up” originated by Jeremy Grantham of Grantham Mayo in Boston, but now picked up by others on both sides of the border. It probably follows from watching bitcoin and cannabis stocks as they followed the exponential curve until they were rising at an almost vertical rate. The theory goes that the market will follow a similar sort of trajectory – until, that is, the day that it doesn’t, and comes crashing down. It’s one heck of a way to invest – hold on for dear life as the market soars regardless of its intrinsic value, and then jump out at the top before it all lets go. Maybe it will actually happen. And why not? If it worked for the cryptocurrenci
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