This is for future reference. I wonder if it will be exceeded in the coming days and weeks.
Single biggest point decline in the history of the TSX and the Dow Jones Industrial Average.
Image taken from the Canadian Google finance page.
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This is for future reference. I wonder if it will be exceeded in the coming days and weeks.
Single biggest point decline in the history of the TSX and the Dow Jones Industrial Average.
Image taken from the Canadian Google finance page.
So much has been made of the one day drops that have happened. Nobody seems to care about the fact that the TSX has lost 27% of its value over the past 12 months…
One day drops are bad, year long drops are terrifying.
I just checked and according to Google, it’s currently a 16% drop of the S&P TSX Composite index over the last 12 months. I posted the picture because it is a good representation of terror amongst small equity holders. From what I’ve read, the volume for the day wasn’t all that remarkable, inferring that institutional investors were not doing any large scale moves.
I think the worst is yet to come but the 29th will be a good measurement point to gauge the fears of the average person.
We briefly breached 10,000 today. The decline has just started and it’s North America’s turn for a “lost decade” like they had in Japan from their banking crisis.
Next dead cat bounce I’m back in on the short side of the entire index again.
It’s about a year too soon for bargain hunting when POT is at $90 and still no one is buying.