Dear Smart Investor,
We all have seen the headlines …
Outlook for post-Covid recovery clouded, recession could hit ‘within next 2 years’: PM Lee
Morgan Stanley CEO sees 50% chance of US recession
US at ‘very, very high risk’ of recession, says Goldman Sachs’ Blankfein
Jamie Dimon Says JPMorgan Is Bracing Itself for Economic ‘Hurricane’
… and the outlook sounds dreadful.
Already, the US-based S&P 500 index has fallen into a bear market, and many fear that Singapore’s Straits Times Index (SGX: ^STI) is next in line.
Maybe they are right.
So, here’s a question: even if you are certain it is true, what should you do?
The games people play
If you own stocks today, wouldn’t it make sense to sell now and buy back later?
Now, that sounds like a reasonable idea …
… that is, until you consider the facts.
According to Hartford Funds, citing research from Ned Davis:...