With Coronavirus Looming, Should You Buy or Sell Stocks Right Now?
A decade-long bull run on Wall Street has come crashing down in recent weeks, with the S&P 500 giving up more than 15% of its value since mid-February on growing concerns that the COVID-19 coronavirus will drive the U.S. economy into a recession.
Stocks are suddenly much less expensive than they were only a month ago, but as typical in a correction there is a lot less interest in buying them now than there was back when prices were higher. This sell-off has been particularly fast and brutal, going down as the quickest double digit-decline in market history.
The issues driving the sell-off are unlikely to resolve themselves any time soon. We don't really know how far the coronavirus will ultimately spread, or what its total impact on the economy will be, but all signs indicate that impact is still growing.
Source Fool.com
