Stock tips from the PM
“I think there’s probably a lot of great buying opportunities emerging in the stock market as a consequence of all this panic.â€
– Prime Minister Stephen Harper, Oct 7, 2008, cited in the Globe from his CBC interview
The TSX index closed that day at 9829.55
Today’s close was 7724.76. Thus, the TSX has dropped 21.4% since Harper issued his “buy” recommendation.
OK, that’s for the index as a whole. I don’t speculate in the financial markets but I’d be interested if anyone can point out to me any single stock that has gained in value between Oct 7 and today. Just asking.