This chart gives a pretty fascinating big picture view of the Canadian stock market over the past 10 years as we work our way through this generation’s (debt-created) secular bear. The fate of the global economy is now reflected in the trajectory and scale of that far right shoulder. Fascinating stuff to watch human behavior generate historical patterns once more. Those who refuse to see are unfortunately destined to pay heavily again.
Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.