As stocks nosedive, don’t lose sight of the difference between price and value

As stocks nosedive, don’t lose sight of the difference between price and value

A cynic is one “who knows the price of everything and the value of nothing.” This comment, by a character in one of Oscar Wilde’s plays, does not refer to the stock market. But it serves as a good description of what happens at times like the present. When stock market prices are rising, many … Read more

Gordon Pape: Here’s what investors need to do to cope with the bear market

Gordon Pape: Here’s what investors need to do to cope with the bear market

It’s official. The S&P 500 plunged into bear market territory last week, joining Nasdaq which had been there since March. The Dow isn’t there yet, but close. (A bear market is defined as a drop of 20 per cent or more from the previous high.) The TSX has fared better than its US counterparts. It’s … Read more