Not unless you think we're near the bottom.
This all just seems stupid and I'm thinking computer trading is to blame. Surely a real person realizes that nothing has fundamentally changed. It isn't the plague. There aren't wagon loads of bodies in the streets. What the hell?
China shut down their entire economy for a month.
American businesses that depend on intermediate goods coming from China do not have those goods. That means those businesses now must shut down and wait for parts to arrive.
That means layoffs. Also some weakly capitalized firms will fail very quickly. That means banking losses. Banks will pull back risk taking.
Things are very different now than they were two months ago.
The bond market is pricing in economic outcomes FAR worse than what is currently in the stock market.
The fear mongering and supply shortages it’s causing in logistics and products is what should be worrying. Most of the crap made in China hasn’t been getting shipped in it’s usual quantities for well over a month.
I worry more about that impact than the virus itself. Although now that it’s hit in Africa and Brazil, that too could change.
It's not necessary to buy at the bottom.
It's about the dough re me.
The "panic" is expected to reduce average/total economic activity going forward. At least for a while.
The Market was under reacting, now likely over-reacting.