OTCPK:TOUBF - Post by User
Comment by
knowsnothing613on Aug 11, 2011 8:47am
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Post# 18929944
RE: "Dow futures are falling like a "ROCK"....
RE: "Dow futures are falling like a "ROCK"....yes, but I'm interested to see if the TSX will decouple from the S&P. The ASX was muted last night, despite the heavy drop in the American indexes.
My working hypothesis is that some money managers are moving out of financials, given the European contagion, and into mining plays. Today should be ugly for the American market, so it'd be interesting if the TSX ends the day green, or slightly down.
As long as China, India, and Brazil having growing GDP, commodities should be relatively stable in the near term.