Five Tips for Recovering From Covid-19 Panic Selling
With stock markets on the rebound, there’s lots of seller’s remorse. Think of it as an opportunity for the next time.
Cancel that sell order.
Photographer: JUNG YEON-JE/AFPWhat has happened so far in the markets this year: 2020 began with the novel Covid-19 virus, which probably originated in Wuhan, China, and spread to Europe and the U.S. In early January, no one yet knew how contagious it was or how deadly it might become. Markets didn't seem concerned, reaching new highs by mid-February.
As February came to a close, though, and the first U.S. death from the virus was reported (others may have occurred earlier), markets took a hit. They stabilized briefly in early March, then staged the biggest and fastest rout in history, as cases of coronavirus and fatalities soared and it became clear the economy was going to shut down.