TD is a screaming sell..........22andstoopid, do you realize how ignorant your remarks are. The blame for the demise of the NA auto sector does not fall on to the laps of union members but blame is pointed acutely at management.
BTW Canada does not revolve around the 5 major banks either. Do you think we may see some large scale layoffs in the banking sector? Do you think we'll see more writedowns? Do ya think banks may be holding on to quite a bit of mortgage paper that now exceeds the value of the properties? Do you think credit cards defaults might begin to accelerate? Do you think corporate loans may be in default soon?
Going short is the ONLY way to make money on the 5 little pigs!!!! (Major Canadian banks of course).
Good luck.
SMF069
PS The only part of the Toronto real estate market showing a pulse is the condo market and now most developers have began to give rebates or throw in free goodies (cars) to close deals.