Main

What Happened to the TSX Today?

Posted on January 21, 2008 at 5:53 pm 
Filed Under Financial Markets, Financial Planning

Wow…today was a bit of a surprise and has definitely grabbed the attention of Canadian investors.

The Canadian market suffered its largest single day drop in the last seven years.  After last week’s losses completely wiped out all of 2007’s gains, it’s even harder to accept what happened today. There is no question that the losses we’ve experienced since last week have scared many investors into taking a large cash position in their portfolio.

Your Take-Away: It is nearly impossible to put a positive spin on the markets today, and I wouldn’t want to try. What I do know and believe however is that market swings like this have happened before, and will happen again, yet the markets always bounce back at some point. I don’t want to simplify the current environment we are experiencing, but don’t forget that in 1987 the markets fell a whopping 11% in one day but were back up to par or better within the same year.

My approach has always been to take a balanced, long term stance when it comes to market fluctuations. Our markets may not bounce back tomorrow or even this quarter, but the fact is that they will…one day. Just keep that in the back of your mind the next time you hear the outcome of today’s market or take a look at your current portfolio.

Until next time, have a Magnificent Monday.

Chris

Email This Post Email This Post

Comments

2 Responses to “What Happened to the TSX Today?”

  1. checkcreditscoreclean.com on February 13th, 2008 7:17 pm

    Debt Relief Help Dallas…

    Once you have complied your list and given it some thinking sit consumer counseling credit debt management down and write your first draft memory the masses five prosperous rules: Be Honest! Imagine turning up to meet a six foot two professional polo p…

  2. Sam on August 24th, 2008 11:35 pm

    Appreciate you post. Friends send me a link. Intresting. Subscribed on RSS! Want to read your blog more and more!

Leave a Reply