Quote:
Originally Posted by FlameOn
No but the economy is very interdependent these days. Crashes have the potential to cascade across investors world wide as investors panic. Canadian markets being hammered by resource and oil price slowdown in Asian demand and over-supply. Europe is being hammered by Greece. Other Asian markets are getting dragged down because of China.
Canadian markets have dropped ~7% from their peak in mid April. Not the 30% drop the Chinese markets have seen in the last month, but not unsubstantial either. Then again the Canadian market was not up 77% for 1 year period prior to the crash like the Chinese market was.
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The 77% gain was ridiculous. I get what you're saying about the domino effect on other countries, but the Canadian stock market tends to rise and fall by natural resource prices regardless of a Chinese market correction.
I think the U.S has some bull market left in it, but Europe, Canada and Asia May have finished theirs...