When stock market is wobbly... 'do nothing'

Just have a long-term plan with a horizon of a decade or more, relying mainly on low-cost index funds

Trader Peter Tuchman on the floor of the New York Stock Exchange on Aug 29. When the market drops, as it did early this year, it paid not to panic. PHOTO: AFP
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The stock market fell so sharply at the beginning of the year that it felt at times as if it would never come back. But it did, in a week-long rally that lasted through mid-August and would have been more widely celebrated if stocks had not plummeted so badly in the first place.

Now, for the last week or two, the market has been wobbly, with no clear trend in sight.

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