Editor's note: Read the latest on how the coronavirus is rattling the markets and what you can do to navigate it.
Note: This article was drafted over the weekend and completed on Monday, before the markets closed. Its argument and conclusions remain unchanged after the S&P/TSX 60's 10% loss, or the S&P 500's 12% Monday plunge, but of course the overall losses for the current bear market are now larger than depicted in the article.
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