Unprecedented. Worse than the financial crisis of 2008. The business media could not deliver a more stark analysis of the economic fallout from the Coronavirus than they did this week. Stock market corrections happen every few years, but 30% in less than a month...
Canadian investors love their bank stocks, and why not? They are outstanding businesses and essential cogs in the Canadian economy. But how do you decide which ones to buy and when to buy them?
Bear markets can be frustrating. However, when you manage them correctly, they create exceptional buying opportunities. The key is to know when to stop buying and raise cash by protecting profits, and, have the confidence to start buying again when the market is at or near a bottom.
