Most of the Canadian banks stocks have been hit hard by the credit crunch but CIBC seems to be suffering the most. I am sure the long term stock holders and top management officers are in a great deal of pain right now… The following is the monthly chart for the stock… In summary, you hold it for 5 years to make $60 per share, which could make you rich by the way (IF YOU SOLD IT)… then in a couple of months you loose half of everything you’ve made in 5 years… not sure I’m sold on the idea of long term investment… I also wonder if the CIBC Investment advisors have told their customers: Sell our stock :-)

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Here is the performance chart for the major Canadian banks:

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and here is the second most painful for shareholders

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other banks not suffering as much

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