Its Not TLH it is the market The market has been sold off lots with most stocks undervalued the remaining buyers are value purchasers or just ride the waves.
Though volume is small and shares undervalued we are seeing growth in all economies except a select few european member states.
I laugh when people worry about 8% growth in China because seriously that is still impressive for the 2nd largest economy in the world! The last time the United states managed that high GDP growth year over year was through the 1990's. More then likely the TSX which is a mostly commodity based index is at a solid base and the fundamentals should be sending it higher but realistically speaking even if Greece or Spain defaulted the world is going to keep living, feeding, and growing.