Will the Toronto Stock Exchange keep reaching record highs?

Question

It is mainly been driven by energy (oil stocks) and resource (gold stocks), do you think it can sustain a level of 15,000? Please explain why.

Answer 1

When you talk about stock market prices.  Then you should use words like 'may', 'possibly', and 'maybe' instead of 'will', 'should', and 'would'.

The amount of money that people are willing to pay for stocks varies from day to day.  And people are free to change their minds any time they want and for any reason they want.  Which makes predicting stock prices a very uncertain enterprise.

You can think of just as many reason why the stock market will go down as reasons why it will go up.   And actually both predictions may turn out to be right, depending on the time frame you choose to consider.

Answer 2

As resources become more and more scarce and folks are willing to speculate than yes it'll maintain/sustain the 15k level.  In fact as many analysts view the markets for natural resources they'll NEVER settle back to levels that would be considered "normal"...In other words INFLATION has entered the commodities/raw-material markets and isn't about to go away.  Hope this helps...