Every passing day seems to bring another gigantic drop in the Toronto Stock Exchange (along with every other stock market around the globe). A few weeks ago I thought things had reached bottom with the end of the panic selling in the terror phase. Now it seems we are in the despair phase.
Will the decline ever end? Was yesterday's 766 point 9% drop in the TSX the bottom? How much lower will it go? If you have an opinion click on the survey in the right column.
My own best guess is a bottom around 7500 or 50% off the peak, based on what other credit crises have done in the past. What's yours?