Friday, May 8, 2009

10,000

A couple of days ago the TSX climbed over 10,000 points again. It closed a bit below yesterday, but has once again moved above again.

The Dow Jones Industrial Average is just over 8,500.

Shortly after the last Canadian federal election the opposition wanted to overthrow the newly and duly elected government because they were not doing enough about the failing economy.

There is no doubt things have slowed down. Some parts of Canada have been hit harder than others, however it seems that the recovery is swift here. Considering our frame of reference is probably skewed as things were so hot for a while we are really not in truly terrible shape.

Things could be better. I know people who have lost their job. It is unfortunate.

It appears the sitting government was right. Canada was in a strong position to ride out the economic downturn. How could they have been right. Well the Prime Minister is an economist. That may have something to do with it.

If you compare to our neighbours to the south, we look like we are recovering on steroids.

We have not seen the end of this slump. There will be some more pain before things get better. If you really look, things in Canada are moving and usually in the right direction.

Even the opposition is moving in the right direction, they have replaced their leader. However, he did think the sky was falling, but I think it was just his leadership platform.

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