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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