When we hear news of big drops in the stock markets it's easy to think the worst, especially coming out of the very difficult period through 2008 and 2009. While there might be a sense of 'deja-vu' accompanying the reports of highly volatile market activity, the reasons for that volatility are quite different.
The events of the past few weeks should be viewed as global economy working through some persistent and long-standing problems. One should never make snap decisions or make major changes to your portfolio in the middle of a market correction. Focus on your long-term goal, not on day-to-day fluctuations. A well-diversified and appropriately balanced investment portfolio focused on your long term objectives remains the best solution.
Pat Foran of CTV helped share a similar message here: Sympatico.ca