Canada's pattern seems clearer to me than the American one, likely because there has been much less interference. Nonetheless, I see a reset toward at least 2008 levels, and possibly 1987 levels in the years ahead.
This is a bleak picture, so what can Canadians to do? Well... I would say continue to be Canadians. Love and respect each other. Be kind to our friends and neighbours. Be friendly. Be generous. But also... prepare for a possible 10 year economic set back. Pay off all our loans. Reduce aggressive investments. Keep a cash reserve that can outlast any long term set backs. Learn to grow our own food. Build a strong supportive community. Trust in the strength and goodness of the human heart in the end. Perhaps even learn to short the market during periods of , but be extremely careful. Become the new leaders to diversify our country.
Take care, friends.
I don't think it will be as bad. 3000 points? 87 levels? That's just too much I think it's way over a reasonable target.
There's going to be a big change, and maybe Canada won't be able to rely on importing goods as much. Even the USSR after the collapse did not drop that much.
That's like the end of civilisation or something.
Now in reality Canada is already at 87 level, and it will go lower.
It's going to be a buy in the low ranges, unless they do something completly crazy.
The USA are going to provide smart investors with lots of cheap buys on foreign stocks.
Most people will probably wrongly chase the bottom with the USA.