Panic Selling Exacerbates Bargains
This year feels so much like late in 1981, late in 1999 and late in 2008 to us. The first reaction by investors was to flush whatever they had left in economically sensitive stocks. Then, as if there hadn’t been enough torture for value investors today, Saudi Arabia decided to chop the knees out from under the oil industry in the U.S. This has exacerbated the crisis in economic confidence to an even higher panic level. What would history suggest we do in the middle of this fairly violent decline in stocks and seemingly bottomless coronavirus circumstance?
March 17, 2020
