Posted AT 6:00 AM EDT on 09/05/08
This recovery hasn't been equal opportunity
A measly 17.77 points.
That's all that separates Canada's benchmark stock index from its record close of 14,625.76 reached last July, before the credit crisis and mounting economic worries sent global markets tumbling into the abyss.
To investors who sold at the depths of the market's despair, the dramatic recovery in the S&P/TSX composite index over the past few months serves as a reminder that bailing out when all hope seems lost is seldom a wise strategy.
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