17:31:26 EDT Thu 12 Mar 2026
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Globe says timing the TSX during a war? Fuggedaboudit

2026-03-12 09:10 ET - In the News

The Globe and Mail reports in its Thursday edition that the attack on Iran by U.S. and Israeli forces on Feb. 28 had all the makings of a major market crisis, but instead, markets held up reasonably well. The Globe's Andrew Galbraith writes that the markets' resilience is a lesson, market experts say, in the effective impossibility of timing investments and predicting market movements to maximize gains, particularly in the middle of a major geopolitical event. "It is a fool's errand," said Mark Lotocky, an advice-only financial planner at the Dixon Davis Group in Victoria. Rather than trying to predict the bottom of the market in a war, he said: "If you have the cash, invest. Don't hold on to it. There are no statistics that say it's better to hold on for a month to see if the market's going to go down again." Markets may fall further. In a note to clients, John Canavan, lead U.S. analyst at Oxford Economics, said that high energy prices, uncertainty around the Iran war and risks around private credit markets "should keep stocks under modest pressure over the near term." Mr. Lotocky suggests keeping tinkering to a minimum, and highlighted research showing no statistical advantage to rebalancing more than once a year.

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