Stock market history is ‘Valium’ for jittery investors
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STORY: Stovall said stock market history can serve as “virtual Valium” for nervous investors.
“I remind them that of all of the declines from 5% to 20% – and that’s essentially more than 85% of all declines in excess of 5% – we got back to break even in fewer than four months,” Stovall said. “So by the time an investor got worked up into a frenzy and harassed their financial advisor to lighten up on their equity exposure… the market is probably already well on its way back to break even.”
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