RE:RE:RE:We think it's bad now, but...BlueJay, I wasn't predicting any imminent bottom. Only noted that tax-loss selling is already in swing. Rate jitters are hammering all interest sensitibve investments. Preferred share Index hit 52 week lows again this week. Some utility rate reset preferreds are yielding close to 9%, locked in for almost 5 years.
Over the past 10 years, the compounded annual return for the TSX composite is under 6%, not helped by three losing years - 2015, 2018 and 2022.