Good morning. There’s an old Wall Street adage: Stocks take the escalator up, and the elevator down. The past 2 trading days have been an elevator move, with the largest two-day point drop (but not percentage drop) on record. While it may be tempting to give into the fear, remember that stocks had gotten overbought to begin with.
The coronavirus fears have been the biggest movers of the market so far this year, but at some point, it will be in the distant past, like the Ebola scare in 2015… or even the trade war fears that impacted markets throughout the last 2 years.
February 26, 2019
Happy Tuesday to YouTube!
“You BECOME What You #BELIEVE!” — OPRAH’S TEN RULES 🙂