The market hates uncertainty. I hate that phrase. News flash: the future is unknowable and therefore always uncertain. There is never more or less uncertainty; there is always 100 percent uncertainty. The reason past crises appear more certain than this one is because they are in the past. Hindsight is 20/20, foresight is nowhere close.
Here we go again. The market has broken through the barrier and we are now officially in a bear market. Markets like this are always scary, but everyone should be reminded that we have a plan, and this too shall pass.
“[T]he only thing we have to fear is…fear itself.” – Franklin D. Roosevelt.
This quote is truer today than at any time I can recall in my career. The coronavirus itself will pale in comparison to the damage done by the fear of the coronavirus.
