RE:We think it's bad now, but...We are already in the season of tax-loss selling. Smart investors complete their tax-loss sales by the end of October, allowing them to scoop up bargains in late November / December, when the procrastinators finally get around to dumping the losers.
Last year the TSX bottomed during the second week of October. Many stocks never re-visited those lows during the last 2 months of the year.