The smart money isn’t panicking amid the turmoil roiling global markets. With a 30-to-40-year mindset, it’s remaining disciplined while looking for long-term buying opportunities.
If you stand close, he said, you can see the violent downward swings brought on by the Great Depression, 9/11 and the global financial crisis. Take two or three steps back, those moments are no longer noticeable. All he can see is an upward curve. Institutions likely won’t be selling off equities as some panicked retail investors have done, Wiseman said. Instead, they’ll constantly look for the opportunity to rebalance their portfolios.
“During the financial crisis, the commitment to maintaining the levels caused them to buy and sell on the way up,” Wiseman said.
Source: News Formal (newsformal.com)
It's going to be a great time to buy stocks after the masses are tired of the fear-mongering the Legacy Media is slamming on them. Then the Legacy Media can go back to watch a race baiting or climate change
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