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Don's research identifies the time period of Sept. 16 to Oct. 9 as a period of seasonal weakness. He believes the technical indicators are now pointing to a correction. This correction is, on average, 4.0 percent for the TSX index. He expects markets to go higher after the U.S. election. With the debate surrounding the fiscal cliff in the U.S., I expect volatility to be higher than usual, especially if trading volumes remain low. I think they will get the job done to avoid the future tax increases from automatically kicking in, but it will come at a cost, further weakening people's faith in the system, and the markets.
Anyone have an opinion they wish to share?