We all have the same 86,400 seconds per day and the competition to occupy a portion of that time is competed for aggressively.
Providing you with a touchpoint in excess of 18 times before news is able to influence your decision-making abilities, think about how much good news you have read in the last 24 hours and how it might impact your decision making.
What concerns you most about the latest rate cut and the reasons for it? Good news is hard to find.
Remember swine flu? Or the very real fact that you have probably suffered from the original strain or variant since it received its first headline (possibly multiple times).
Sure, Coronavirus is different and how global economies have reacted to this has possibly been good to stymie its transmission for a long enough period before a vaccine (en-masse) is available.
I am guessing. A very big guess, that at some point over the next 12 months I may have to stay home for a day or two because of a pretty bad case of the cold or flu that will remain undiagnosed that could very well be COVID-19 itself.
Does that mean I should sell my house and rent because it’s otherwise now overpriced and buy it back after the great virus crash of 2020. I remember my father would tell me stories of having to use old editions of The Age when he would visit the gents as a young child, does history repeat?
I have written before that markets are at a point of moving to the mercy of the slightest bit of bad news and this is a great example.
Be sensible. Wash your hands, drink plenty of fluids, get a flu-shot and don’t jump at shadows.
Bill Gates wrote an interesting newsletter on the virus recently I thought worth a share.