RE: From yesterdays's Financial PostShort term the next support is $47. Competition among the other exchagnes might hurt TSX, but I also think that concern is growing over inflation and rates -so far the US economy looks to be gathering steam but for how long. Six months out TSX on a fundamental level will still be a major recepient of increased trading volumes driven inlarge part by the growth in the overall resource trading. So far, for the time being, TSX is the only game in town for listing and tradng in Canada. The pull back is not a permanent breakdown but rather money being moved to the hot sectors i.e. oils, metals after the dissapointment of no increase in dividend or other concrete guidance about the exchanges future plans. Is this stock victim of the "sell in may" phenomenon...time will tell. Is the valuation out of synch. I think that strength will continue until the fall of 06 but you never know. If it hits 42 im in like flynn. IMO.