Ms. Park did a series of radio and television interviews for CBC today across Canada. Tonight a segment of her interview will air at 9pm est on The National, talking about risk in current credit and stock markets around the world.   more »

So far (at least) today we have bounce day for equities and some commodities. While metals and the Canadian dollar are down hard again as I write.

Bounce days are a natural recurring phenomenon in on-going bear markets. But it will take more than a few bounce days to reverse recent trends.

Dropping through the key level of 12,750, the TSX is now hovering around its last bull cycle peak reached in September 2000:



If the TSX cannot hold at the 11,300 to 12,000 range, the next leg down would look to the psychological 10,000 for potential support. For the past couple of years, my technician partner has told me that 10,000 was the potential downside target for the TSX and the Dow this contraction. Hopefully the broad markets will hold there...   more »