How to process these whipsaw markets? Market narrative is quite negative. If coronavirus hits the US in a meaningful way, it will ultimately cause a recession. US is not as prepared as other countries are. Fed cutting is a really negative signal. Central bank policies are doing more damage than they need to.

BOC cutting rates and the housing market will go back to normal. Problem is the data does not hold up. Not sure what BOC was trying to achieve.

Where are you finding buys right now? Interesting spaces are certain portions of tech, medical technology. Oil is the perennial weak candidate. For energy, the preferred trade is outside of Canada. Some of the shipping names look good. Too early to buy airlines while there's still blood in the streets. The time to buy them is after any government bailout.

Financial performance has been very good. But it's really expensive. If you can see that negative sentiment gives a better entry point, he'd take a closer look at it.

Narrative on banks generally is a poor one, because interest rate margins are coming down. Problematic for European banks. If you have a long-term view of 4-5 years, you may want to look at insurers.

Political overlay of Brexit, as well as headquarters in Hong Kong. Fundamental issue of declining interest rates. Very strong balance sheet, good franchise. At some point, interest rates will turn around.

Loaded up with debt, small dividend cut, vaping issue, new CEO, plus litigation. What are the underlying fundamentals moving forward? Asia seeing growth. Elsewhere, volumes going down but prices going up. It's a buy and there's some upside.

Balance sheet is 20% levered. To maintain the dividend, they'll just cut capex spending. Very attractive buy. After the virus issue is resolved, oil price will normalize. Yield is about 8.5%. (Analysts’ price target is $71.00)

(A Top Pick Feb 22/19, Up 7%) Underlying metrics are very good, predictable, consistent. Raises the dividend. Structurally still a growth story.

(A Top Pick Feb 22/19, Up 13%) Long-term hold. Attractive dividend that will grow. Nice core Canadian business. If you don't have it, you should get it.

(A Top Pick Feb 22/19, Down 17%) Packaging business. Down because of energy pricing. Still a good story.

Spinning out elevator business, which was a cash cow. Stock ran up on the split. There may be a trade. The elevator space is where you want to be. (Analysts’ price target is $170.00)

Strategy for putting money to work in this downturn. We're not in a bear market just yet. Narrative of the market is generally negative. High beta areas like shipping and technology are under pressure. If you're looking for opportunity, wait a little bit yet.

Higher valuation name with a significant run. In a decline, you buy a portion. Weight for a high valuation stock is typically 1%. Trim back if it gets to 3-4%.