- US markets officially entered correction territory this week. The S&P 500 is down 12.2% from its April 23 high. The TSX Composite is doing slightly better — it is just 7.5% off its peak so far. Bonds are doing their job in providing ballast to a portfolio: yields are down sharply from recent peaks. You can almost smell the fear in the markets.
- Barely a few weeks back, an increase in interest rates seemed to be a done deal. No longer. Economists are putting the chances of an interest rate hike by the Bank of Canada on June 1, 2010 at 50-50.
- Rob Carrick took a look at new travel credit cards and found that many offer enticing sign-up deals.
- How much should you allocate to foreign stocks in a portfolio? John Heinzl talks to three investors and gets three different opinions.
- Estimating and tracking net worth are important tasks but some people obsess too much over the numbers.
- Preet is giving away an iPad. He swears that it is not an attempt at bribing readers to vote for him in the Best Blogs Poll.
- Jon Chevreau wrote about the importance of accounting for human capital in asset allocation decisions.
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That’s it for this week. Have a great weekend everyone!
