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Opinion
Nir Kaissar

Investors Need to Ignore the Doomsayers Driven by Turmoil

A shaky market and an old-fashioned bank run have given rise to scaremongers and product peddlers who should be tuned out. 

No one has any clue what markets will do in the near term.

No one has any clue what markets will do in the near term.

Photographer: Michael M. Santiago/Getty Images

When financial markets teeter, as they have since 2022 began, there’s no shortage of speculation about where they are headed. Morgan Stanley warned recently that March could be a brutal month for stocks. One financial adviser echoed that sentiment, telling Bloomberg News that “there will be a lot of volatility in the markets” and “lots of chances to put cash to work at attractive levels.” The collapse of Silicon Valley Bank has further fueled speculation about interest rates, bank stocks and the impact on broader markets.   

The problem is no one has any clue what markets will do in the near term. But nothing grabs investors’ attention like a shaky market and an old-fashioned bank run, giving financial firms and the commentariat an opportunity to peddle their products and broaden their fame, mostly by sowing fear of declining markets and looming financial crises. And why not? Once the hysteria fades, no one remembers who said what anyway.