Predicting where markets will go is difficult, yet the accompanying chart from RBC shows how markets behave in a (dis)orderly fashion. While it remains difficult to believe given what we have experienced lately, the chart suggests the TSX will grow to between 20,000 and 35,000 points by 2014. While these numbers may seem like fantasy at this time, it only means a sharp bounce of 3000 points followed by 10-12% overall returns over the following years.
"The barn door is open and the horse is gone. Now is not the time to close the gate, lock it and burn down the barn. Instead, leave the gate open and try throwing some more hay in the barn".