TSX – Daily Review and forecast by pleasantlifestyle.com

I have decided to stop the End of Day recap and the ahead of market forecast. Instead, I’ll combine these two into a single post, such as this one. This point’s primary only represent my personal point of view on the stock market.

Today, the Toronto Stocks have a pretty chilly day. It started off with a gigantic drop on almost every single sector aside from the Research In Motion, Molson-Coor and Cognos software, everyone else was in the red zone.

The leaders in the red zone are from the Financial Sector, with Bank of Montreal, and National Bank of Canada, closing with -0.89 and -0.90 respectively.

Others financial sector stocks have sort of a roller coaster ride too, but didn’t close at such a low point.

The market is hoping for another interest rate cut by the Fed, and I doubt the Canadian Government would sit idle this time. Considering if the U.S. is heading for a recession, then we’ll most likely be dragged along with it.

The first of the 3Qtr reports, wasn’t as high as wall street’s expectations. Yet it still is a 3 percent gain.