My intention isn't to predict anything about the future of Valeant Pharmaceuticals (VRX). Instead the message is a reminder of how holdings in any market-cap weighted investment vehicle is impacted by the change in size of its constituents.
UPDATE: The Canadian dollar tumbled more than a cent and the S&/TSX composite index lost more than 300 points on a day when
North American stock markets tanked the day after President Barack Obama’s re-election, with Canada’s S&P/TSX index down
TORONTO -- The Toronto stock market tumbled to close at its lowest level since early October as talks aimed at forming a