The Successful Investor Hotline – Friday, November 7, 2008

Article Excerpt

As I’ve said several times in the past few weeks, you can only spot a market bottom (a reversal in a falling trend in stock prices) in hindsight. Then too, a market can hit bottom, put on a healthy bounce, then go back down to the bottom once again before going on to a lasting rise. But I do feel that a lot of the risk of further decline is now out of the market. My view is that stocks are likely to move substantially higher in the next 6 months to a year, if not sooner. TERANET INCOME FUND $10.10, Toronto symbol TF.UN, has declined to comment on the new takeover offer of $10.25 a unit from the Ontario Municipal Employees Retirement System (OMERS). The new offer is 6.8% below OMERS’ original offer of $11.00 a unit. OMERS dropped its higher bid mainly due to the slowing Ontario economy and falling real estate values. That could hurt demand for Teranet’s…