martedì 21 gennaio 2014

$TSX Approaches 14000 And The 2011 Highs

Well, it has been 3 years since the $TSX sat above the 14000 level. After Monday’s 101 push, the $TSX was a basketball hoop from 14000. Well, this morning we shot up to 13999.60 and dipped back down.

Here is the long term view.

Most Canadian investors will find the recent rise has made it easier to make some money. The old axiom of a rising tide lifts all boats seems valid here. The portfolio managers preaching dividends forever may finally get to tune their eyes to a wider stock program than the TSX dividends listing.

Let’s look back to 2010 and check out the rally into the 2011 highs. The 2010 rally was good for 3000 points. We made that high in March 2011 so roughly 9 months from the July low. It was a 30% rise off the low. Notice how prudent the 2 major trendlines would have been.

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