TSX Tumbles.

Another helter skelter day on the markets. Two minutes after the open the TSX was already down 200 points. Index was down over 500 points at one stage. Station sent me down to King & Bay to gauge reaction from the Bay Street folk. It’s a funny thing to ambush people on the street with a camera. Getting “streeters” as we in the biz call it. Most reporters hate doing it. A colleague who worked for a time at the BBC says the Brits call it “AAA” as in “ask any arsehole”. For some reason I don’t mind doing streeters at all. I ended up getting sound bites galore today and more than a handful were insightful.
When I asked one Bay Streeter if investors are right to be panicking? he replied “Yes and September is historically a bad month on the markets too” Another gentleman said “bring on the panic selling”. His thesis was the selling would create a buying opportunity for a bargain hunter such as himself. The buying on the dips strategy has been a sound one over the past year or so. But I have a sneaking suspicion it truly is different this time.