Another good month for stock markets in North America as the major averages are now up 3 months in a row.  The Dow was up +4%, S&P +3% and the NASDAQ +4% for the month of December.

Shares of Apple have been moving up and are currently over $550 per share, that's up almost $100 from the middle of September.  Apple products are flying off the shelves. On Friday, internet sales of the IPAD air at one point were at the rate of 1 per second.

Thursday I got a chance to have lunch with Kevin O'Leary from CBC's Dragon's Den.  He runs his own lineup of mutual funds and was in town to update his views of the market and where he thinks the best place to invest for the next year or two. His philosophy is to get 5% with as little risk as possible for 50% of his money.  To that end he has launched a floating rate bond fund that invests in short term corporate debt with rates that are at LIBOR plus 3% to 4%.

Royal Bank kicks off bank earnings season tomorrow with their 4th quarter results.  Fingers crossed for some dividend increases.

It's Cyber Monday - have a good week.

Marc