Tuesday, August 14, 2007


Until these volatile trading sessions stop their daily routine, there won't be any reason for the markets to recover back to their recent record highs. I say this because unless you are a long term investor, there is very little reasoning behind holding onto a stock in these uncertain times, after they make 5-10% profit intraday with the expectation that they can buy or short the stock for another quick 5-10% gain that same day or the next.

When we finally see daily intraday ranges of a maximum of one or two percent on individual stocks then maybe, just maybe, we'll see a return to the upside or maybe, it just will be the calm before the hurricane...

It will be interesting to see if this quarter's earnings of the TSX Group will benefit from the market volatility and associated record trading volume of recent days.

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