“Fear doesn’t stop until things stop going down.” – Phil Town
Last week the market dropped by about 10%. With lots of discussion around the market right now due to these historically low numbers, Phil and Danielle open up their own conversation on the matter.
As Rule #1 investors, we care about the individual companies on our watchlists and how they are doing. Just because a stock is lower than it was before, this does not mean that it’s on sale or that it’s time to buy.
Fear is a driving factor in the economy which is evident by the effect the coronavirus has on taken on the stock market. If everyone starts to run, there’s nothing that will stop the market from going into serious depression. Are you ready for what’s to come?
For more about the coronavirus and what it means for the market, join us on the podcast today!
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