The Invisible Correction

The Invisible Correction

From Black Monday, Oct. 19, 1987, to the September 2008 crash caused by U.S. financials’ exposure to toxic subprime loans and credit default swaps, it’s no wonder that, when autumn nears, so do investors’ fears of stock-market routs.

During the 2008 collapse, which was the last major market crash aside from the flash crash of 2010, U.S. equities lost 21% of their value in a week and continued to crater until March 2009. On one day, Sept. 29, 2008, US$1.2-trillion in market value was cut from the Dow Jones Wilshire 5000, the stock market’s broadest measure.  Read More…

Replies to this Post

  1. Sawyer O.

    I disagree with this piece. All indicators say 2014 will be another bullish year. It’s been a great time as an investor and so far i’m up 35% YTD.

  2. Sidney

    Both TSX and S&P are up near records levels. Where are they getting their values? I am baffled. How many people have been predicting doom and ended up with their foot in their mouths?

  3. Aubrie Jacobsen

    We can only hope its an invisible correction. If it was a 2008 kind of thing then there would be mass sell-offs from a fearful market. Doing it gradually allows for loss and gains which is business as usual.

  4. Erik E

    Great than that just means more buy opportunities at discounts 🙂

  5. Bailey Stroughton

    How people forget that Canada is one of the few nations that didn’t go through the downturns of 5+ years ago. We didn’t because we tightly control our banks. The markets are tied with the banks. And so because our banks faired well so did the markets.

  6. Felix L

    Those who say they can predict the markets, cant. If they could they’d be the richest people on earth. So i take this thing with a grain of salt. It’s been a very good year though.

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