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Have we reached the bottom yet?
Date: Oct 6, 2008 • Category: Market Insight
Author: Victor Camba
Author: Victor Camba
The worst one-day decline in modern history for the S&P/TSX composite index occurred in 1987, when the index plunged 11.3%. In mid-morning trading on Monday, the index was close to that record, down 10.8%. As of noon, it was trading down 5.8%, which ironically presents a huge relief for investors.
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