If we owned a crystal ball, we might know when to sell before big market moves down. If we owned a crystal ball, we might also know when to buy at the market low, before big moves up. Would you like to use a crystal ball for your investment timing tool? We know that if you rely on the crystal ball for investing, sooner or later you will be dining on crushed glass. No one owns a crystal ball that works. Don’t attempt to use one.

Given the volatility in the global and domestic markets this past week, it may be helpful to summarize a few thoughts for consideration:

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In recent days, the US financial market’s relative calm has fallen victim to rising fears relating to the coronavirus – more technically referred to as covid-19.  In just two days, the S&P500 and Dow have “skinnied” by more than -6% and the loss over the last week roughly -7.5%.  Many international markets are down even more sharply, especially amid already weak or recession-like economic data.  This is a stark contrast from the very attractive gains the market was enjoying in February as the narrative around the new virus seemed to be calming/contained from when it first began hitting newswires a month ago.

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