2012-12-27
| Bias | Subject | Owned |
|---|---|---|
| CAUTIOUSLY OPTIMISTIC | NORTH AMERICAN - SMALL | _N/A |
Small Caps. Market is feeling there will not be a resolution to the fiscal cliff situation so the market is selling off. From a macro environment, he is really looking at individual names and is getting opportunities with the selloff. Really not so much of a sector selection as it is a company by company choice depending on management, balance sheet, etc. Holding about 8% cash to be able to make purchases when the opportunity arises.
Peter Imhof
Investment Strategist,
Sprott Small Cap Equity