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TSX plunges 600 points
The S&P/TSX composite index plummeted 600 points in morning trading Monday as it joined a worldwide market sell-off prompted by growing fears of a U.S. recession.
The benchmark index was down 602 points at 12,135 at 11:26 a.m. ET. That's a 4.7 per cent drop and took the index to its lowest level in 14 months.
Originally posted by behindthescenes
Why anyone is still questioning recession or no is beyond me. The markets are finally realizing it. Bernanke and company are quietly panicking about it -- and have been more months.
This is the start of the 2nd Great Depression. And this has been coming for a long time.
Actually markets are the most sensitive, so the first to feel the effects. Why do you go from recession, which is a circular trend to the 2nd Great Depression?