Viewing Expert Larry Berman CFA, CMT, CTA | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Larry Berman CFA, CMT, CTA , Chief Investment Officer, Partner

ETF Capital Management Inc.

Address
5160 Yonge St. Suite 1860
Toronto, ON
M2N 6L9

Contact Info
Telephone: 888-383-9753
Fax: 888-383-9753
Website: http://www.etfcm.com


Date Signal Chart Symbol Company Opinion Price
2016-09-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Credit is becoming a major threat in China.  This has been a major risk for years.  100% of the growth in China has been fueled by debt since the Lehman moment.  You see an increase globally in defaults in debts since 2015.  There is a warning signal here.  Trump is picking up inch by inch.  He has a reasonable chance here. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-09-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

How to Short.  The simplest way is to buy a long ETF with inverse exposure, avoiding those with leverage.  You can cushion the downside or profit from corrections.  We are almost certain to have a recession within the next two years.  You can’t short in your RRSP, so you have to buy inverse ETFs.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-09-19 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Parking Cash.  He assumes that means risk-free.  There is nowhere to park cash risk free with a yield.  It does not exist today. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-09-19 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Covered Call Strategies.  When he is neutral to negative, he wants to hold things that he can get more yield from and that have less market risk.  Covered calls do this.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-09-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Agricultural ETFs to take advantage of sector mergers.  You won’t get a pure exposure to those affected.  They will be 4-7% of the ETF.  COW-T has 80% exposure to the US.  MOO-N has closer to 40% of the chemical side of things.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-09-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Buy silver and sell gold through an ETF.  He is not sure there is an ETF to do this.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-09-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  The market thinks the likelihood is 18% for a rate hike.  He thinks they will go for it this week, however.  They have not unexpectedly raised rates since 1994.  ’94 was the worse bond market we had for a generation.  This will not be similar.  It is all about the psychology of how they do it.  We will almost certainly get another recession in the next couple of years and Canada and the US will have to go to negative interest rates.  Economic numbers are getting worse, but the market has not reacted. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-09-19 HOLD Must be logged in to use chart BCE-T BCE Inc.

Telecom Space.  BCE-T is trading at 17 times earnings, but a significant part of its revenue is regulated.  It is a little expensive in his mind.  It should be trading at more of a discount.  If there is an interest-rate-led correction, this one will be impacted heavily.


Price:
$60.050
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-09-19 SELL Must be logged in to use chart COST-Q Costco Wholesale

It has been going sideways for a year.  It came down quite a bit recently.  The long term support is at $140 going back about 2 years.  If we trade below it, you have a potentially major top.  We were not able to take out the previous high recently.  Don’t touch it.  It is not acting well.


Price:
$151.790
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-09-19 DON'T BUY Must be logged in to use chart IPL-T Inter Pipeline

They did a secondary offering a month ago. That is usually a headwind for a stock until the market digests it.  About $1.1 Billion of $1.7 Billion in revenues comes from transporting crude in Canada.  There is not a lot of growth there.  It has a great dividend yield and that is why it trades so expensively.  If interest rates tick up, this stock will be obliterated.


Price:
$27.400
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-09-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. The mixed signals about an interest rate hike for the US last week were from a non-voting member so were downgraded by the market. But the markets will now be hypersensitive for the next couple of weeks going into the US election.  Oil dipped below $45 today, but for the next couple of months we are into the shoulder season for oil.  Last week we had a big shock in oil inventories as storms delayed imports of oil.  Inventories should continue to rise into the first quarter of next year. Oil equities should track oil to a greater extent with the increased market volatility.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-09-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

ETFs and Liquidity: How do they liquidate in a panic?  They are no different than a stock.  ETFs have the liquidity of the underlying stocks.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-09-12 WATCH Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold, now that we have volatility in the markets.  He has been trading gold in the current range.  Gold is starting to break down a little bit.  If gold breaks $1300 we could see a dip to $1200.  You want to start buying dips.  In ZJG-T, there is support at $10.  If we get a break below that we will get a lot of panic selling.  Consider buying into the panic selling.  There is upside in gold over the next year or so as a flight to safety.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-09-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

US Interest Rates.  There is a moratorium on Fed chatter from members themselves 1 week before the announcement.  The Fed has not for many years, raised rates if the market was not anticipating them by at least 50%.  The market feels there is a 28% chance of an interest rate hike.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-09-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Distribution of Capital.  It usually means that something happened in an underlying stock.  Perhaps a merger and a capital gain.  It could be you getting some of your own money back. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 2,027 entries
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1 Comment

raziel

April 3rd 2015 at 8:48am

My preferrers have come down substantially as a result of lowered bank rates, I believe. Shouldn't an instrument with a fixed rate go UP when bank rates are lowered?


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