TORONTO — Canada's main stock index was down more than 100 points in late-morning trading with losses led by the energy sector as the price of oil dropped below US$80 per barrel.In New York, the Dow Jones industrial average was up 64.90 points at 34,160.76. The S&P 500 index was up 14.48 points at 4,380.46, while the Nasdaq composite was up 127.10 points at 13,645.88.The December crude contract was down US$2.42 at US$78.
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A market forecaster has been buzzing about a generational buying opportunity in stocks. One long-time market bear disagrees.