TSX Tumbles to New Low....

For those of us who have been opening their monthly investment statements be prepared to see a new low for the month of February. As if, the bottom of November 20th wasn't bad enough for the TSX. Today, we have seen a new bottom of 7647.67 basis points. 

This new bottom does not bode well for gains in the future. According to Adrian Mastracci of KCM Wealth Management in Vancouver, 

      Right now, I think there is a higher probability that markets will go down further than there is of them climbing higher because we still do not have a handle on all the problems that are out there. Stocks are driven by two things; confidence and earnings, and we don't have either.

Until investor confidence is restored the volatile ups and downs of the market will linger. 

Check out the Financial Post for more information