The markets all around the world have gone into tailspins. Why? There are lots of theories, all have a wee bit of truth, but no one has a compete handle on what is driving the losses. So, what does one do? I agree with The New York Times writer: do nothing. Be patient. This will pass and surprisingly soon. There is even a good chance that this global tumble will be followed by some markets actually reaching new highs.
If you have been in the market, Canadian or U.S., for some time, you can take solace in your portfolio bottom line. Even after today's crashing numbers, I bet you are very nicely in the green. Stay focused on your wins and you will get through this intact.
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