Slow down, don’t freak out. 10 am CT here and DOW is down about 600 points. Why? You guessed it… more coronavirus fears. Once again I’m not worried.
First, One rule we always stick by is don’t sell on a down day and don’t buy on an up day. Sure your portfolio looks awful, but there is no need to freakout. In our opinion, the surging cases is JUST an effect of the sunbelt states reopening. THIS is what’s going to happen when you have people locked inside for a month. People’s immune systems go down and then they regather and boom they’re sick. Hopefully, Florida can get their cases under control, which we think they will. We need it for the market to rally and for an NBA season to happen…
Stay Safe? Have Fun.
