"Those who have panicked and sold everything during this time will be left in the dust."
the market has dropped 9000 points in a month..there are very good logical reasons for that drop...it isn't just a reaction to the virus itself...it is the fact that as a result of efforts to contain the virus, business has slowed greatly...people are staying home...that means earnings are going to suffer...china for a time came to almost a dead stop...that affects everything...oil has dropped like a rock..
many justifiably sold to retain the capital they had instead of watching it disappear into thin air...when the market starts to turn around, they will be able to take advantage of fantastic bargains...
when the market gets back to where it was, those who sat on their hands will be back to even... those who sold can buy back and have huge profits when the market gets back to where it was...
selling isn't necessarily due to panic...it can be a very sensible thing to do for those who could see that the market was dropping and was going to continue to do so...
although for those who simply held onto their $327 appl shares and are just going to wait for them to come up, im sure they would prefer to look at those who did the reasonable thing as "panicking"...
"Those who have panicked and sold everything during this time will be left in the dust. "
only if they never buy back...but if they were smart enough to sell, im sure they have every intention of buying back...
in which case THEY are not the ones who will be left in the dust..