TSX UP 800 POINTS...VENTURES BARELY MOVED
Ventures have a way of lagging big moves in the market, but for all those who missed the large moves in the large caps.
A new BULL MARKET is coming, because the FED has just discounted the FEAR that was taking us down the last year.
And venture stocks are at record low valuations.
Now that the US government will start buying up the stressed assets at the root of the problem, banks will begin lending again, and risk will comeback.
We saw after 911, ventures had a nice run
And with crude ventures pricing in $50 to $60 crude, and the banks about to open up their level of risk, a huge rally will happen to crude ventures in the next year.
The valuations are just too low.
My favorite crude plays are AOI,IFR,ENG and VST
Start loading up now boys, before THE BIG MOVE MAKES YOU CHASE.