Interesting read...
During this time of uncertainty in our lives, I find it helpful to put things into perspective and look back at other events that caused similar economic disruptions and anxiety in our lives. i.e. Y2K (2000), the financial housing crisis 2008-2009, SARS and the H1N1 outbreak. These are just few examples where the economy and market were put through tremendous turmoil but through a coordinated effort between governments and central banks we were able to get through those very stormy periods and prosper. It is important to remember that markets never go straight up or straight down but, they are extremely resilient and will manage to work through difficult and uncertain times as proven by history. The silver lining in all of this is that it creates tremendous buying opportunities in the market. Time after time, bear markets have proven to be good buying opportunities - we just don't know how long it will take for that opportunity to pay off but I am optimistic it'll be sooner rather than later.
Once there is more certainty surrounding COVID-19 in the way of further economic stimulus, medical developments (i.e. antivirals, vaccine) and preventative measures, I foresee the markets responding extremely well and a v-shape recovery taking place.
Commentaires