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Forums » O Canada! » Canadian Chat » [Serious] Breaking news - TSE down 1000 points
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vue666

join:2007-12-07
[Serious] Breaking news - TSE down 1000 points

Just heard on the radio the Toronto Stock Exchange is down a 1000 points... It's an historical first...

No link yet...


vue666

join:2007-12-07
Here's the link.... to the national Post....

»www.canada.com/topics/news/story···af8341b5


dirtyjeffer
Beauty
Premium
join:2002-02-21
London, ON
·Rogers Hi-Speed

reply to vue666
i don't see where it says it is down 1000 points...unless i am misreading what you have written...i figured you meant 1000 points today, not over the course of time...can you clarify?
--
Best Marketplace Ever: »www.cbc.ca/marketplace/speed_bumps/


theninjasqua

join:2007-09-26
Oakville, ON
oh its definitely down...

its at 915 right now.

»www.bnn.ca/
--

-theninjasquad


donoreo
Premium
join:2002-05-30
North York, ON
reply to vue666
According to the TSX website, it is down 112


harwoodr
Pornographic Memory
Premium
join:2002-09-05
Hamilton, ON
·Mountain Cable

reply to vue666
»ca.finance.yahoo.com/q?s=%5EGSPTSE

Trying to understand the various numbers...

Prev Close: 10,803.35
Open: 11,062.80
Index Value: 9,622.00

Change: Down 118.13 (1.09%)

Err?

10,803-9,622=1181 ... so what, you divide that by 10??? I don't get it.
--
P.S. Did you ever notice that Peter O'Toole has a double-phallic name?


nitzguy
Premium
join:2002-07-11
Sudbury, ON
·TekSavvy Solutions..
·Rogers Hi-Speed
·Bell Sympatico

reply to donoreo
said by donoreo See Profile :

According to the TSX website, it is down 112
It seems as though the cracker-jack web programmers never thought "Hey the index COULD go down 1000 or more points in 1 day..(or up conversely)...maybe we should account for that extra 6th digit"....Nah...that's too much work, I gotta go back to playing COD4!!

»www.thestar.com/business

Look on the top right
It says Start 10803.35 - Current 9654.61

Do the math...that's about 1200 pts..


HiVolt
Premium
join:2000-12-28
Toronto, ON
clubs:
reply to vue666
Ouch. Also, wtf is up with our loonie? I've not followed it recently but I just noticed its at $0.90! Thats quite the drop.
--
GO LEAFS GO!


nitzguy
Premium
join:2002-07-11
Sudbury, ON
·TekSavvy Solutions..
·Rogers Hi-Speed
·Bell Sympatico

reply to harwoodr
said by harwoodr See Profile :

»ca.finance.yahoo.com/q?s=%5EGSPTSE

Trying to understand the various numbers...

Prev Close: 10,803.35
Open: 11,062.80
Index Value: 9,622.00

Change: Down 118.13 (1.09%)

Err?

10,803-9,622=1181 ... so what, you divide that by 10??? I don't get it.
The script is dropping the 1 in front, that's what you are seeing and why it only looks like its down 118 instead of 1118 points.


Feets
"Your" doesn't mean "You Are", dammit.
Premium
join:2002-12-11
Hamilton, ON
·Cogeco Cable

reply to HiVolt
said by HiVolt See Profile :

Ouch. Also, wtf is up with our loonie? I've not followed it recently but I just noticed its at $0.90! Thats quite the drop.
Commodities, especially oil, are down. That's why the TSX is cratering, and the dollar is dropping as well.


dirtyjeffer
Beauty
Premium
join:2002-02-21
London, ON
reply to vue666
ouch! this is going to be a bad time for my RRSP's.


nitzguy
Premium
join:2002-07-11
Sudbury, ON
·TekSavvy Solutions..
·Rogers Hi-Speed
·Bell Sympatico

said by dirtyjeffer See Profile :

ouch! this is going to be a bad time for my RRSP's.
You and a bunch of people...I feel a bit better now just last week putting my money into a GIC vs a Mutual fund. It wasn't a lot...but take 10% off of $4000, and you're...left with a lot less...

Yeah, Oil below $90/barrel...90 cent dollar...manufacturing comeback?


Feets
"Your" doesn't mean "You Are", dammit.
Premium
join:2002-12-11
Hamilton, ON
·Cogeco Cable

reply to dirtyjeffer
said by dirtyjeffer See Profile :

ouch! this is going to be a bad time for my RRSP's.
Mine too, but I don't plan to use them for another 25-30 years or so. I'm just not going to look at the effects for a while and hopefully it will be back up eventually.


harwoodr
Pornographic Memory
Premium
join:2002-09-05
Hamilton, ON
reply to dirtyjeffer
Good time to buy though...


dirtyjeffer
Beauty
Premium
join:2002-02-21
London, ON
·Rogers Hi-Speed

reply to Feets
i won't be touching it for another 25 years or so either...i put about $10,000 into it in March and i was a little concerned about how much i have lost this year...i called in and it has "only" dropped about 5%, so, compared to many other investments, it isn't doing too bad (i have a feeling my BMO stuff has dropped about 16% so far this year)...i feel better now...i was told when i purchased this fund that it is a very balanced fund that cushions itself in "tough times", so while it can drop, it doesn't drop nearly as much as other funds...during good times, it still offers a fairly decent return too (much more than the "low risk, safety funds" that are also quite common).
--
Best Marketplace Ever: »www.cbc.ca/marketplace/speed_bumps/


DKS
Damn Kidney Stones
Premium,ExMod 2002
join:2001-03-22
Owen Sound, ON
clubs:
reply to vue666
I just talked to my own advisor. The TSE is coming back. Only down 600 points now.
--
Need-based health care not greed-based health care.


harwoodr
Pornographic Memory
Premium
join:2002-09-05
Hamilton, ON
·Mountain Cable

reply to nitzguy
said by nitzguy See Profile :

The script is dropping the 1 in front, that's what you are seeing and why it only looks like its down 118 instead of 1118 points.
I think I threw up in my mouth a little when I read that.

OMG...

In any case - the graph is looking like a hockey stick at the moment... and the negative number is accurate now.
--
P.S. Did you ever notice that Peter O'Toole has a double-phallic name?


harwoodr
Pornographic Memory
Premium
join:2002-09-05
Hamilton, ON
reply to vue666
...and now it's looking like a cool roller-coaster.


dirtyjeffer
Beauty
Premium
join:2002-02-21
London, ON
·Rogers Hi-Speed

reply to DKS
yea, my advisor said the best thing to do is hold it and let it ride its course...he also said, when things are down like this, it can be a very good time to put extra money in.
--
Best Marketplace Ever: »www.cbc.ca/marketplace/speed_bumps/


CigaR
Premium
join:2004-08-24
reply to vue666
It is Monday; the worst possible day for trading.
-
Forums » O Canada! » Canadian Chat[Hockey] Leafs take the champs! »
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