Instability hits the stock market

Interesting development in the stock markets yesterday, as most people know by now the TSX had a historically bad trading day yesterday which resulted in the loss of all gains in 2011, the situation south of the border was much better either. I've been waiting for our next recession for a few months now, but I didn't think we would see another crash for at least another year or two. What happened yesterday showcases that the recovery over the past two years may not be based on the actual stability of markets. Investors are turning away from North America and Europe as the two are now having to deal with serious debt issues. Unfortunately emerging markets like Brazil have also been having some slips as well, meaning even some of these options are starting to look less appealing. I may be thinking a bit negatively but I do believe we should get ready for another recession, I don't believe it will come from the housing market this time but I have no clue where it will come from, perhaps the energy sector? I don't know. But we will be seeing gold prices rising in the next while, the Canadian Dollar will finally drop a bit (which isn't terrible really) and we should see interest rates go down a bit.