MFC update

MFC may28 2012

Manulife has been an excellent barometer for the Canadian market. It is now about a single dollar away from an earlier low as well as the lows during the depths of the Great Recession. The lows back in 2000 were about $8. The stock can trade between $10 and $8 if there is a throw-over as it completes what might be a “diagonal”. Something will have to happen otherwise this stock is in very big trouble!