The return of a world in which rates can sometimes rise, just as stock markets can sometimes fall — a world of risk, that is — is to be welcomed. In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Don’t sell when markets are falling, and don’t buy when they are rising — but don’t do the reverse, either. So don’t try to pick stocks, and don’t pay fund managers to try: buy the index.

Source: National Post February 10, 2018 02:48 UTC