The stock market thing is terrible. Instead of huge pile of money, I’ve made a slightly smaller pile of money over the last couple years. On the bright side, when the steps we are taking succeed in controlling the pandemic, my pile of money will be huge again. Stop panicking.
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Volatility, this week as such, is a short-term thing. If your first investment was a month ago, yeah the pain is there. Think long term, don’t try timing the market, and you might consider buying while the numbers are down.
There's a big difference between 'timing the market' and realizing that a medium-term global recession is very likely at this point.
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(1) I'm not disputing whether a recession is at hand - I'm saying that on long enough timelines, the dips are blips and the trend is upward from market inception: depressions, recessions, and Black Mondays included.
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(2) I'm with Kurt in saying that the panic-sell sentiments, until they finally dissipate, just exacerbate the present blip.
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