Friday, February 03, 2006

Heavy trading on TSX

As the S&P/TSX Composite Index flirts with 12,000, investors are trading at a frenzied pace. In the past 5 trading days over 2-billion shares have exchanged hands. This is a level unseen yet - even in the frothy days of 2000. Over 1.8-million transactions were logged in, so the Canadian investor is hungry for more profits.
The current Stock Trends TSX Bull/Bear ratio is 1.4, with 54% of trending stocks labelled as strong bullish.
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