We are currently in an environment where many stocks could be described as bargains. The stocks on the Toronto Stock Exchange (TSX) are collectively down 5.85% for the year, which is less than the amount by which U.S. stocks have declined (17%) but still substantial. In an environment like this one, buying opportunities abound. History shows that stocks as a group tend to recover after they go down in price, leading to above-average returns for those who buy low. If the future looks like the past, then the present moment is a good time to buy. With that in mind,...