Quote:
Originally Posted by Bertuzzied
Well here you go. Headline on Yahoo Finance Canada.
Bank stocks take TSX to negative close; NY surges following big losses
Not. Coalition brings the stock market to a grinding halt with a .0094 drop.
http://ca.news.finance.yahoo.com/s/0...following.html
T he Toronto stock market closed lower Tuesday as rising energy and gold stocks failed to compensate for a slide in bank stocks a day after one of the worst declines on record. New York indexes were positive, starting to revive from the big losses Monday triggered by growing worries about the American economy.
The Canadian dollar was off 0.37 cent to 79.84 cents U.S., as the Liberals and NDP say they're ready to govern in a coalition with Bloc Quebecois support and the minority Conservatives look for a way to retain power.
However, analysts note that the political uncertainty is likely not to blame for the weak performance on the TSX.
"I don't think people are selling Manulife because of what's going on in Ottawa and they're not buying EnCana because of what's going on in Ottawa," said Nakamoto. |
Touche, like I said I'll admit fault on that point.
However, let me get this straight... Are you trying to tell me that government stability has ZERO effect on local markets?