Anyone who claims to know what is coming down the pike in the next 12-18 months is arrogant at best. Easy to predict a recovery in the long term, but any "analyst" who predicts the next 12-18 months with any accuracy has simply gotten lucky...statistically speaking, someone has to guess right.
Something people are not considering...the effects of Obama's economy, particularly the massive strains his spending will put on the taxpayers...increasing income taxes and capital gains taxes will surely create future havoc for the DJIA and the NYSE, which, in turn, will affect the TSX. But alas, see what I said above about making predictions...
Maybe I'll get lucky..
later from fort mc cash