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(Photos.com)

Rosenberg: This indicator will tell you when to buy stocks again

David Rosenberg is not the bear he once was - and he’s proving it yet again today.

In the aftermath of the more than 2 per cent plunge in U.S. stock indexes on Monday, the chief economist with Gluskin Sheff has this advice for investors wondering what to do now: just chill.

In traffic signal terms, the current market environment is the colour amber, he says. The green light will return, although it may be quite a frustrating wait.