Welcome to yet another edition of “Do You Know Which Drain Your Money Went Down?”. Obviously, it was another horrid day on Wall Street. In fact, today was the worst day of 2016 so far with a drop of 391 points today, and this has already been the worst start to a year that I can remember on the stock market.
To blame for this latest drop: recession and bear market talk — and oil fears. You don’t have to tell me the state of the oil business is pretty bleak. And people are worried about more possible bad news from China next week.
As for here in Canada, it was another bad day for our dollar as it fell below 69 cents US. All together, folks: Arrrgh!!!