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
2016-06-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

EU and the euro. Feels the UK vote will hasten the development of the breakup of the EU and the euro. There will be an election in France next April, which will be very, very important, as well as an election in March in the Netherlands, and a recent survey indicated that most people would want to see a referendum. Feels people really understand that the EU is not working. Doesn’t think that foreign exports for markets is not a big deal. London is one of the greatest cities in the world, and with the pound weakening and the UK markets coming off, there is going to be some phenomenal shopping to do in London.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
_N/A
2016-06-27 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Negative bond yields? The entire spectrum of Swiss bonds/government bonds has negative yields. With this flight to safety, it shows that people are worried about equities.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
_N/A
2016-06-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. You would think that VIX would be spiking up today in a big way. There was a big spike on Friday because the BREXIT results were not expected. However, today with the markets down as they are, VIX is not spiking again. Either markets are a bit complacent or there is much more to come. He is leaning on the side of much more volatility to come. We will get trading rallies, but those trading rallies are not something you want to get excited about just yet. There is a lot more downside, right through to the US election.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
_N/A
2016-06-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Buying US$s now? It depends on how you are buying. If you are going into the bank branch and paying 2.5%, and then 2.5% the other way, don’t do it. If you have some US$ exposure in your investment account via an ETF, the answer is yes. It really depends on what your cost of trading is when you are trading foreign exchange if you want to do that.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
_N/A
2016-06-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Dow Jones, how low? Thinks we stay weak generally heading into the US election. There will be trading rallies, but probably failed ones. At a minimum, equity markets need to retest their February lows from this year, over the course of the next few months. It could go down to 15,000.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
_N/A
2016-06-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment. Brexit. At the end of every Bear cycle, if you are still bearish you make no money, markets rally. At the end of every Bull cycle, the Bulls have to feel some pain when things go down. Every correction we have seen in the last couple of years has been 1 month or 2, and then a recovery. Thinks BREXIT is enough of a catalyst, that this time it is going to be more painful, taking out the lows that we have seen earlier this year, and in the middle of last year. He showed the STOXX 600 Banking Index (European bank index chart). It showed the 08-09 lows, and lower lows in 2012. Today we are at about 6% from those lows of 2012. Those lows need to be tested and probably to be taken out at a minimum before we see people confident about coming back in to European banks. He then showed the STOXX 600, which is like the S&P 500 of Europe, a benchmark of all the European countries including the UK. Chart shows a long upward trend line from 2008, and we are sitting on the trend line now. If it breaks where do we go. Retracement levels are where you look for where the market might come back to. The trend line is almost certainly going to break, and that adds to the broader European markets of another 10%-15% downside. On fundamentals, looking at the last 5 years of the earnings, earnings have been going down. Negative interest rates don’t work, they are toxic. He doesn’t know how they stabilize things, and there is more downside to come. Fundamentally we have to go down lower, there has to be some pain. The US and Canadian markets are going to come down in sympathy. They probably retest February lows, and let hope it holds.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
_N/A
2016-06-27 COMMENT Must be logged in to use chart ABX-T Barrick Gold

Ultimately gold is probably going to go higher, but right now when you look at this company, it is probably repricing in $1500, $1600, $1700 gold already. You are not buying this because there is good value there, you are buying it because it is a safety play right now. The stock is already becoming unglued and gold is not up very much, so he is not sure gold gives you the safety it used to. 


Price:
$27.600
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
No
2016-06-27 HOLD Must be logged in to use chart CJP-T iShares Japan C$ Hedge ETF

Has just started buying Japan because of the strength in the yen, and thinks the next side of this is Japan weakening in the yen, in which stocks will outperform.


Price:
$10.450
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-27 COMMENT Must be logged in to use chart CYH-T iShares Global Advantage Dividend E.T.F.

RESP with an 18-year time horizon? He would say this is a good choice, but investing with a long-term growth horizon, dividend weighted stocks are going to be underperforming. He would much rather have something like a total world Index that is going to give you maximum upside growth.


Price:
$16.600
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-27 WATCH Must be logged in to use chart MG-T Magna Int'l. (A)

This has been underperforming for quite a while. At a minimum it has to test the February low of around $42. Wait for $42, and if it holds there, you could buy some, but if it doesn’t hold there you have another 10% below that at least.


Price:
$44.000
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-27 SELL Must be logged in to use chart TCK.B-T Teck Resources Ltd. (B)

For years analysts, including him, have been negative on this. A long-term chart shows lower lows and lower highs. Now something is changing. Is this because of demand coming back for copper, etc., or a simply short-covering on a relief trade? He is more on the side of short-covering on a relief trade than new demand. For the next few years it probably bounces back and forth between $6-$10 on the low end and the recent highs. He doesn’t like it here, and would be a seller, and buy it back on a dip.


Price:
$14.910
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
No
2016-06-27 WAIT Must be logged in to use chart ZWE-T BMO Europe High Dividend Covered Call Hedged to CAD ET

ETF to take advantage of the drop in UK and European stocks? None just yet. Depending on the type of investor you are, and your tolerance for risk, BMO Europe High Dividend Covered Call Hedged to CAD (ZWE-T) is an ETF that is a way to get dividends from Europe with a Covered Call overlay. In an uncertain environment, you are getting over a 7% yield and volatility. This will be a fine one to nibble at into weakness, but could easily fall another 10%.


Price:
$17.740
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
Yes
2016-06-27 COMMENT Must be logged in to use chart ZWU-T BMO Covered Call Utilities ETF

High-yield ETF’s? The Fed is probably off the table in terms of raising interest rates. It wouldn’t surprise him if the next move was a cut. If there is an economic downturn again, the answer is lower rates, but they are not going to work. There are some big challenges ahead. He has said for years that interest rates are going to stay near zero for decades, just for the world to get a little bit of growth. If interest rates are going to stay low, then utilities are a good source of dividends because they are regulated. There is not a lot of growth, but the dividends are pretty consistent and stable. He would stick with Canadian dividends. It is still a little too early to be aggressively buying things as there is more downside to come. His favourite is BMO Covered Call Utilities (ZWU-T). You are getting a near 7% yield.


Price:
$13.605
Subject:
NORTH AMERICAN & ETFs
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-20 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

India. One of his favourite places to invest, because of the potential for economic growth through their phenomenal demographic profile. The chart, showing the Indian rupee falling versus the US$ for the last 40 years, shows it has basically been a persistent decline. There have been periods where it has been relatively stable for a decade or more, but generally in the last 10 years, it has been towards a weaker rupee. You could lose 3%-4% a year just on the currency.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-06-20 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold? Sold the last of his holdings (bullion) when gold was at around $1300. He likes gold when it is below $1100, which is when there is value. Gold has its place, but it yields nothing. You could buy it on dips as a trade, but doesn’t know why you would want it here.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 1,942 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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