There’s no need for me to reiterate that these are strange times and the markets are showing us that everyone is feeling uneasy these days, but I like this article by Jeff Mortimer from BNY Mellon because it gives some brief history and some more thoughts on how to manage during this uncertainty.
Sharp market declines are never pleasant. This is especially true when U.S. equities enter bear market territory. The volatility can become so distressing that investors may feel compelled to exit risk assets at precisely the wrong time.
With that said, let’s look at the latest coronavirus-induced drawdown and compare it to a history of drawdowns, both in time and in percentage decline. I believe this will allow us to better understand when this drawdown may end and how quickly a recovery might take place.
Managing the Stock Markets Ups and Downs – Jeff Mortimer
Alan Bacharach, ChFC. 