On Wednesday the S&P 500 was down 1.1% and Toronto was down 1.4%.
Apparently this was due to some disappointing earnings releases as well as fears that the fed would taper its bond buying.
Almost all of our stock picks were down. A notable exception was Visa, up 3.1% and Couche-Tard up 1.9%.
When stocks decline my thoughts turn to buying. But I am not in a hurry to do so.