The whole situation looks pretty ugly, and Canadian stocks are just there to remind us that, this time, correction is really happening
How much does it take to the stock market to lose the 10% of its value ? Well, when there’s no panic-selling (in that case it would all happen in 2-3 days), 45 days are enough, ask Canada:
And the thing is that, so far, the correction has not slowed down. When will it stop ?
Well, that 13,500 level looks pretty resistent from here, but if stocks fell below we would have a serious problem.