Juggling Dynamite

Last night I finally got to watch the “May I be Frank?” documentary from the library (thanks Beth).  I think everyone should.  It is one of those films that in 97 minutes can teach, lead and inspire us to the discipline and habits of health and personal transformation. There is something to be learned (or remembered) here for everyone.

Watch as Frank Ferrante, a 54-year old Sicilian from Brooklyn, NY, with a lifetime of drug & alcohol addiction and everything that comes with that is taken on a 42 day journey by 3 twenty somethings that includes raw vegan food and transforms his health, weight, and view of the world.  Here is the direct link to the trailer.

This type of personal transformation in many could go a long way to solving the world’s problems: financial and otherwise.

Danielle was interviewed by Trader’s Lens this week on Tips to successful trading. You can watch the video clip here.

This chart of the Canadian bank sector (XFN) is one of the many that we are tracking carefully at present for signs of what comes next in the credit crisis fiasco phase 3.

As we look at the first peak in the banks marked in early 2007, one can’t help but note that global GDP was about 5% back then. It is likely to be about half that in 2012. Consumers had less debt, and governments were much less indebted. Yet shares of Canadian banks are back hovering around credit bubble highs today.  I am worried about the regular folks who have been pushed into the banks for “safe yield” the last couple of years.  When the levered traders pile out again, mom and pop are likely to be hurt just as badly this time as they were in 2002 and 2008.  No doubt oblivious advisors will be surprised yet again by the losses.

Source: Cory Venable, CMT, Cory Venable Investment Counsel Inc.