For the first time since the downturn began, TSX closed above the psychologically important barrier of 12,000. The maximum value ever attained by TSX was around 15,000.
!0% or more drop in stock index is considered a correction, 20% or more is considered a bear market. With TSX above 12,000, it is now lower compared to the all time maximum by less than 20%, showing that it is in the correction territory, not in the bear market region.
From a low of 7600 in 2008, it has been an impressive run up by TSX. Indeed, last year was the best ever. If you did not get a return of 30% last year, you were doing something wrong.
Future remains bright. Where does the market go from here, up or down? I don’t know. But as I say many times, I don’t know where the next 2000 or 3000 points are, up or down. However, I do know where the next 5000 or 10,000 points are, they are up. I remain bullish on stocks, on investment.
Economics, finance, stock market quotations. All that matters. Money
!0% or more drop in stock index is considered a correction, 20% or more is considered a bear market. With TSX above 12,000, it is now lower compared to the all time maximum by less than 20%, showing that it is in the correction territory, not in the bear market region.
From a low of 7600 in 2008, it has been an impressive run up by TSX. Indeed, last year was the best ever. If you did not get a return of 30% last year, you were doing something wrong.
Future remains bright. Where does the market go from here, up or down? I don’t know. But as I say many times, I don’t know where the next 2000 or 3000 points are, up or down. However, I do know where the next 5000 or 10,000 points are, they are up. I remain bullish on stocks, on investment.
Economics, finance, stock market quotations. All that matters. Money
