Quote:
Originally Posted by Bertuzzied
It is the banks. I think it was the liberals who asked that the breakfast nook commercial be made.
TD down $1.13
BNS down $2.47
BMO down $1.52
CM down $1.02(but that is prob due to the Stittler-Iggy commercial)
RY down $1.54
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OK, fair enough...but I have a question so please learn me...
If the oil companies have bigger market caps than the banks and posted higher gains than the banks posted losses, how do the 5 banks have MORE pull on the TSX index than all of the oil companies? Again, I'm not trying to claim that the only reason the TSX is down is because of the coalition talk but IMO you'd have to be naive to think that the prospect of an unstable government does not rattle investor confidence a little, no?
For more clarificaiton... I'm not sayin the idea of a non-Conservative vs. a Conservative government hurt the TSX. I'm saying the idea of NO government STABILITY for either party can't help.
Or maybe I'm out to lunch here in which case I'll gladly admit I'm wrong...