Friday, March 7, 2008

Canada and US Stock Market Comparison

In case you were wondering...the Canadian stock market continues to keep pretty much in step with the US stock market.

Today the Nasdaq broke below the low made in January. This is an important technical move.

The other two US indexes, S&P 500 and the DJIA look like they will do the same in the near future. The TSX Composite index has farther to fall before this happens but it is not much of a stretch to envision it will also eventually fall below its January low.


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