[Candor7]

My investment counsellor in Montreal with Scotia Bank has the same analysis that you do, Consequently we sold Exxon, and bought solid financials at bargain prices.

The only question is how will the US dollar do? I have a lot of Canadian Currency now 7 cents down on the USD, and I wonder if now is the time to reconvert to USD.

[Zebra]

I am not a currency trader or “expert” on the causes of currency price movements. With that disclaimer, I have to believe that there is tremendous pressure on the Euro and Canadian Dollar vis-a-vis the United States Dollar. If I were a betting man on currency futures, I would be long USD.

[JasonC]

Average back into USD. But nice and slow. It is a mistake to try to call turns. Call levels instead, and let cost averaging ensure you get a better than average price, as things flap around.