Everything Is Up for Grabs!

A spectacular rally in equity markets today, as 6 central banks have cut US dollar lending rates to financial instutions, especially in Europe, helping raise liquidity in markets, energizing bulls to step up and bid the market considerably higher. Across North American, equity indices rose over 4%, with the S&P 500 Composite up 4.33% while the TSX Composite was up 4.02%. Not a bad way to end the month of November, which was looking quite dire given all the difficulties Europe is having putting a coordinated strategy in place to avoid contagion from fast rising sovereign debt yields. This has put our contest into a very interesting situation, as the leader board has changed fairly dramatically in one day. To start the final 16 days of our contest, we have a new portfolio in the number one position, that being Lubomyra T. In second place, we have Lubomyr T. and holding onto the third spot is Lara F. (a first time for Lara in the top three). Just under $2,000 separates 3rd from 1st place, while in 4th spot, Yuri B., is only behind by another $2,000. Anything can happen over the next 2 and half weeks, so stay engaged!