The TSX (^GSPTSE) closed at 11,513 at the end of May. Since then it has fallen 2.7% in one and a half days of trading to 11,212.
The causes are reported as:
- Weak May 2012 jobs report; and
- Continued debt issues in Europe (the focus is moving from Greece to Spain).
Oil prices have slumped, gold is up, and stocks are down around the world. This Summer is starting to feel like 2012. Again, selling in May is looking good.