Steady as she goes

Some thoughts on the current TSX market pullback.

Much as it's jarring to see my Canadian holdings down significantly across the board over the last two days (once again, thank God for diversification) for some reason I can't stop thinking today about an awesome Raconteurs song, the lyrics of which seem to be an apt reminder of why it's important not to panic when things like this happen:

[This particular allegory makes more sense if you replace "girl" with "dividend-producing equity" :) ]

Find yourself a girl, and settle down
Live a simple life in a quiet town
Steady as she goes (steady as she goes)
Steady as she goes (steady as she goes)
So steady as she goes

A propos of nothing, there's a fantastic discussion going on at Canadian Capitalist today on the relative merits of reinvesting dividends through a DRIP or putting the funds to work elsewhere.

Not sure there's a wrong answer to this particular "what to do?" question, but I digress.