Volatile Markets Move Lower

Summary


The volatility was much in evidence Monday as Toronto's S&P/TSX composite index points surged almost 200 points in the early going but ended up closing down 38.83 points to 13,427.45 as early strong gains in the financial sector turned to losses. The showing leaves the TSX down more than seven per cent from the record high reached July 19.

"There's so much worry out there about the next shoe to drop," said Ryan Detrick, senior technical strategist for Schaeffer's Investment Research in New York.

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Extract


Volatile Markets Move Lower

What the brokers say

TORONTO -- Stocks closed lower Monday as further infusions ...

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