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Tag: volatile market

How to Remain Hopeful and Keep Perspective During the COVID-19 Outbreak

The Coronavirus Pandemic is real and it is scary on many different levels.  With news of the pandemic spreading and the recommendations on social distancing getting broader, it can be hard to feel certain or safe about anything.

As troubling as it is to watch the unprecedented market decline, we need to maintain our health and the health and safety of our family, friends, and neighbors as the number one priority. COVID-19 which emerged late in 2019 in China has spread rapidly worldwide since then and is a global pandemic. The measures taken by leaders around the globe have been strong leaving most children without a classroom to go to, many parents working from home or some without a job altogether and investors panicking about what is to come.

This disruption to daily life and to our psyches is substantial. The coming weeks could be difficult, but these measures are practical and prudent.

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Coronavirus: What the Viral Epidemic Means for Investors

Last week saw the worst week on Wall Street since 2008, as the Dow fell into correction likely due to the outbreak and spread of COVID-19, commonly called novel coronavirus. A market correction is a nerve-wracking event for investors, but the current uneasiness in the markets is no cause for panic.

Market Impact

While the spread of COVID-19 is atypical, market correction is not. In fact, it’s an entirely normal process, and not altogether unexpected after experiencing the longest-running bull market on record. There have been 22 market corrections since 1974, and they are aptly named because the market usually “corrects” itself and returns prices to their longer-term trends. While the coronavirus is likely to cause economic impact into at least the second quarter of 2020, historically, Wall Street’s reaction to these types of epidemics has been short-lived, including in the recent past.

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