Quote:
Originally Posted by Slava
From what I can see almost all of these articles are from March 9/10...about the time the market hit rock bottom (at least so far). So clearly investor sentiment was low then and the outlook wasn't nearly as positive as it is today in most peoples eyes.
I am not disagreeing that we could still drop a fair amount; I'm not sure that puts the TSX back in the 7000's, but its possible of course. I just think that to base a potential market drop on information from these dates is kind of pointless?
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Ya, anything is possible at this point but all the leading indicators of late (other than yesterday's consumer spending) have been positive. The stock market had already factored in a possible depression and it's quite likley that's not going to happen. General concensus is that the economy is starting to turn the corner and we haven't even felt the impact of trillions of stimulus spending. Once that happens and if the credit markets totally open up you're going to see a quick recovery - probably q3 of 2010. There's just too much money in the money supply to be lent out at unheard of rates for things not to eventually start moving.
The real problem is going to be in 2011/12 when inflation starts to ramp up..........