Coronavirus Panic: Don't Do What These Wall Street Investors Just Did
The stock market has fallen precipitously, as fears about the spread of the 2019 coronavirus disease (COVID-19) continue to mount. The slide isn't just having an impact on ordinary investors. Even big financial institutions are feeling the pressure. In response, some of them are doing things that wouldn't seem to make sense under ordinary times -- but they reflect the prevailing sentiment on Wall Street right now.
In times of turmoil, some investors are willing to do anything for safety. Fortunately, as individual investors, we don't have to resort to the measures that many major financial institutions just took with their portfolios.
Image source: Getty Images.
Source Fool.com
