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North American stocks plummet as optimism fades


Business | 206538 hits | Oct 15 6:13 pm | Posted by: Hyack
3 Comment

Fading optimism about the U.S. economy coupled with credit-crunched consumer spending pummeled North American stock markets Wednesday.

Comments

  1. by stokes
    Thu Oct 16, 2008 2:43 am
    Things will continue to drop until the cause of this horrific problem is dealt with, and if that means more americans lose their homes and more American banks fail than so be it, the market will be stronger in the end, and the world will have learned a valuable lesson about investing in a sand castle economy

  2. by avatar tritium
    Thu Oct 16, 2008 3:12 am
    Well I wish it would start hitting Alberta... I am waiting for a few good deals.

    According to a new report, the housing market in the west is overpriced and heading for a long downturn.

    The study by Merrill Lynch says Calgary houses are overvalued by up to 25 per cent.

  3. by avatar PluggyRug
    Thu Oct 16, 2008 3:42 am
    "tritium" said
    Well I wish it would start hitting Alberta... I am waiting for a few good deals.

    According to a new report, the housing market in the west is overpriced and heading for a long downturn.

    The study by Merrill Lynch says Calgary houses are overvalued by up to 25 per cent.



    Not just the West.

    Here in Ontario some districts are still in gazumping mode.



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