TSX NEW RECORD HIGH!

[cottonpicken]

Rescource stocks leading the way.

[Incognito]

36.5 BILLION GONE
cottonpicken posted Nov 2, 2006 15:19


36.5 billion of market capitalization gone on the income trust thing. Surprise move on the conservatives part.

_______________________________________

What happened to the 36.5 Billion - is it back yet?

[cottonpicken]

What does that have to do with anything?
The point of the trust thing was that the conservatives LIED.
By the way most companies are not trusts.

[Incognito]

From where did you pull the 36.5 Billion dollar figure on November 02?

From Income Trusts?

[cottonpicken]

Rob t.v. station-Market Call with Jim O'connel-I highly recommend paying attention to this man.

[silverback]

I haven't looked at the charts close enough, but I do know that in the last 6 months to a year, the income trusts that I have been following showed a huge increase in value (yes on paper). Since the announcement, most of those have dropped back to where they were at within the last year. Yes it was a big drop, but they are still up since I started following them years ago and none of them have announced cuts in their distributions.

[agstar77]

There have been cuts to distibution but natural gas prices have risen. Trusts are still down 30 to 40 % from f####**ty's anouncement. The good news is that there may be an election before the bill is passed and these jokers will be turfed.

[silverback]

Go back 5 years and look at the trust index. It shows that the whole sector is still up close to 40% in that time.

If someone were to predict that 5 years ago, I would have said they were full of it.

And by the way Agstar, if this income splitting thing comes in, these "jokers" may have done more in making this tax system fair than your liberal masters ever could have dreamed. I'm guessing you will find a way to say it is a bad idea too.

[Incognito]

The Liberal Record:

http://www.youtube.com/watch?v=aX6XMIldkRU

[cottonpicken]

So is it ok that they lied silverback?
Alot of people invested retirement savings on the conservatives WORD.
They are no better than any other party out there.
A 40% gain in five years is not that great of a return.
The people they hurt the most was their political BASE.DUMB DUMB DUMB!

[silverback]

What do you suppose it is like to be on the outside of a business for 13 or more years and then finally get a chance to run the thing? How much info do you think has been kept under some beaurocrat's paper pile that was not public knowledge? What would be worse, letting investors and taxpayers start paying the taxes of these companies or coming out and acknowledging that this is getting out of hand? What do you think would have happened if the big banks decided to convert to trusts? How many tax dollars do they send into the federal coffers? Billions!

I am mad that I didn't sell some of the things I thought I should before Oct 31 too, but that was my greed. I am still up from where they started and for that I am thankful. I am also thankful that I do not have all of my money in trust units. That would have been stupid, IMHO.

Did they lie to us? Perhaps, but I also think that the situation was changing rapidly from where it was in the recent past and for that I will not get too crazy.

[cowman]

I won't go into this a lot because I am fairly ignorant on the "trust fund" thing.
All I know is it really hurt a lot of oil and gas companies, and we still will deal with that fallout? The fact is this country is belly up if the oil and gas industry goes into a tail spin? You really can't argue that.
The income trusts were basically established for oil and gas? The "johnny comes latelys" saw this as an opportunity to get in on the action? TELUS, BC TEL, the banks etc.?
High risk business needs innovative investment opportunities? The dogs that screw us really don't? Thus (scummy) TELUS and the scummy banks saw an opportunity to move in and screw the system?
No two ways about it...Harper lied! He lied to the Canadian investor and the Canadian taxpayer... and he should surely pay a price? A liar is a liar and no amount of BS will alter that fact!
The oil and gas industry is not that happy with Mr. Harper today!