TSX update.

tsx may  17 2012

Just a quick reminder of where we are in the big picture. Things happen on an incremental basis and what feels like perfectly normal may actually be totally absurd if you care to step back for a moment. It is true that at roughly 11000 the has not moved for about 12 years. But it is also true that in the past 25 years the has only been higher than it is today for less than perhaps 2 1/2 years, this while the world supposedly collapsed financially! It would appear to me that the realists that think that the index might drop to say 8000 should not have to prove their point  and that the burden of proof  should be put on the armies of pushers-of-stock that are, forever,  looking for higher levels.