Some Rules for Coping With Stock-Market Panic
No. 1 is pretty straightforward, if not so easy to follow: Don’t panic.
Bloomberg, March 9, 2020
Today’s Bloomberg column was perfectly timed: “Rules for Coping With Stock-Market Panic” covers numerous sectors, including Media coverage, Markets, 2020 vs 2008, the Economy, Investing, Trading, and my favorite, Uncertainty.
People don’t like being told what to do, and when agitated they really dislike being told to be less agitated. So rather than just tell you not to panic (seriously, DON’T PANIC), I will offer some thoughts about what is going on today, this week and perhaps the next quarter or two. But here’s what to keep in mind: Much of this is just guesswork, and it’s worth being skeptical of anyone who says they know how this will turn out. Let’s start with what we know so far…