The tidal wave of red ink began in Asia, moved through Europe during the early morning hours and grabbed a beach head in Canada by 9:30 am Toronto time.
With Wall Street closed because of the commemoration of the Dr. Martin Luther King Day holiday, it was left to the rest of the worldâ€™s stock markets to face a massive day of negativity on their own.
Canada suffered its worst loss on the TSE since the days of the high tech meltdown of seven years ago, which turned such high flying companies as Nortel into tumbling scraps of paper. Monday saw the TSE surrendering some 605 points on the day, a continuation of a slide that began in earnest last week…
( from the blog a town called podunk, click on the link below to see the entire article atowncalledpodunk.blogspot.com/2 … 8846 ) –