Is your head swimming yet? There’s been so much information over the last few days related to Covid-19, the selloff, Congress, local officials, your neighborhood grocery store, and more. Just two weeks ago, I spoke with six close personal friends and family within the span of 24 hours. All were aware that the market was tanking. They were all salivating at the prospect of getting in on various names. Some got in at various points, others didn’t. But the selling only ensued further. Nobody is asking for my advice now. For the ones who wanted to pull the trigger ten… Read More
Is your head swimming yet? There’s been so much information over the last few days related to Covid-19, the selloff, Congress, local officials, your neighborhood grocery store, and more. Just two weeks ago, I spoke with six close personal friends and family within the span of 24 hours. All were aware that the market was tanking. They were all salivating at the prospect of getting in on various names. Some got in at various points, others didn’t. But the selling only ensued further. Nobody is asking for my advice now. For the ones who wanted to pull the trigger ten days ago, I pleaded with them. I told them this selloff is the real deal. It’s deep and it’s furious. And what it’s going to take for us to reach the bottom is for the individual investor to feel absolutely sick to their stomach. Like an addict, most of us will be writhing in pain, wanting to rid ourselves of stocks for good. Some listened, others didn’t. Now, is this a brutal way to think about things? You bet it is. But I’ve been in this business for a long time. I’ve seen this happen before. The good news is… Read More