Here we are another week in the history books. The week was marked with some unexpected results in the Democratic Super Tuesday primary. Also, the Federal Reserve cut the interest rate on Fed funds by half a point. This was the first such cut since 2008.
No matter the results of the primary and the low cost of borrowing the Coronavirus keeps on coming. As long as it remains a mystery of containment the financial markets are going to continue to be uncertain. An old sage once said to me, “Don’t worry about the value of a portfolio unless you are planning to sell.”
I take comfort in that advice since I have no plans to sell anything. Hopefully when I do have plans to sell things like Coronavirus will be long forgotten. In the meantime, keep calm and wash your hands.
Today’s JohnKu takes another look at fear with the idea of putting it into perspective. I hope you all have an enjoyable weekend.
Fear II by John W. Howell © 2020
The news is not good,
Markets falling, deaths rising . . .
Control your own space.
Avoid larger groups,
Continue to wash your hands . . .
Don’t look at your stocks.
You have no control,
Over markets and disease . . .
You can control panic.