Before You Backup the Truck

IKEA makes great commercials! My favourite is where the middle-aged couple are running out the exit with their goods, while the lady is yelling to her husband “get the car, get the car!”  She’s gotten such a good deal at IKEA she is just beside herself with frenzy, because she can’t believe it’s true. Investors also realize the stock market is a bargain, after two days of massive declines. They are also bargain hunting with frenzy. And that’s a good thing. Other investors may be frozen ...

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Keep Calm and Steady

Today the selloff continued on the TSX, with 220 declining leading 26 advancing issues. Energy and commodities, a large component of the TSX, led the selloff with telecoms being the harbour of safety. The TSX is currently down another 245 points today to 12,138 (see TSX chart below), with two hours still left in the trading day. That follows monumental losses yesterday where the markets were walloped with huge sell-offs, the TSX Composite Index down 435 points or -3.4% in one day. And the DOW was ...

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