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Written by: Mike Simonato, Ontario Presenter: “Investing for the Long Term, presented to the Feb. 6 2021 International Online Forum, you can watch by CLICKING HERE. 

What I’m Seeing:

At the end of April, I wrote that the next 3 months will be crucial for both the economy and our quality of life. How are we doing so far:

COVID Update:

India really collapsing

Nova Scotia, Ontario, Manitoba, Alberta, and BC under various forms of lockdown

Most Vaccinated country in the world seeing an unprecedented spike in cases

If this isn’t enough, Southern Alberta now has Rabbit Disease which they say is very scary

How is this affecting economies at this point:

Ontario  Average Small Business now $200,000 in debt and rising

Newfoundland/ Labrador not looking good at all

Alberta  University of Alberta asking staff to 1. Take a pay cut,  2. Accept Reduced Benefits  3. Pay Back Salaries already earned

Differences  in handling the situation  Nova Scotia Fishermen were fishing in an area they weren’t supposed to be in because of lockdown –  $2.000 fines

Ontario if anything $780 fines  Successful countries like Australia and New Zealand handled the situation, and the people did what they were told

Ontario you wouldn’t know a lockdown was in place because everybody is out and about like nothing is going on with an obscene number of illegal parties and business open illegally.  Look for the effects of Covid continue where people continue to not listen

On Tuesday I wrote about a “Fake” Cyber Attack that shuts down key pipeline supplying 45% of gas to USA North East

Stronger calls to Shut Down Enbridge Line 5 supplying Michigan, Ontario, Quebec and Pennsylvania

Further on K Shaped Recovery I have written about all along is even more evident now ie a competitor phoned me saying he let all his employees go except 1 and he is not busy whereas I’m booked solid until well into July going 7 days a week.  I’ve seen this in many different areas

Quality workers continue to quit due to the stress of the situation including a really high up at Zara this week

Lastly there is a lot of interest in Crypto Currencies  I’ll be the first to admit I don’t understand this area at all. I don’t know how something that doesn’t exist takes so much hydro to mine?  Let’s look at 2  Bitcoin and Dogecoin

Bitcoin   1.  Limited Supply

2, Created to be a Decentralized Digital Currency

  1. Has an Extensive well funded Ecosystem

Dogecoin 1. Up 25,000% in 6 months

  1. Created as a joke
  2. Not secure and no real structure

Summary  Very Volatile and very dangerous area but if played right huge profits can be had

Finally with rising wood prices, this may lead to higher Toilet Paper Prices

Nothing more than my 2 cents and I hope it’s of value and interest

Now for the Markets:


DOW JONES:      Broke above resistance on Thursday with strong candles RT Rising but weak vol

NASDAQ:            Lot more volatile  Still weakest of the 3

S&P 500:              Broke out Friday Rt Rising

MKT TIMING:       Still not seeing the strength I’d like to see

READ Strategy


PTSE:                 Broke out Friday on a strong candle

VENTURE:         Still not seeing anything yet

MKT TIMING:     Right at resistance

READ Views, Strategy,  Earnings Indicator rose another point

EUROPE:       Bearish Divergence Caution advised

BRITAIN:        READ Views and Strategy

AUSTRALIA   Read Views  Could get a C/DN on Monday

All Mkts still urging caution   Stay Safe everyone