From CNN Business' Anneken Tappe"What we're actually telling clients to do is to stay calm and to stay invested," Katie Koch, co-head of Goldman Sachs Asset Management, told Alison Kosik on the CNN Business' digital live showWhile the reflex might be to sell as soon as the market flashes panic, timing the best points is to cash out is difficult. That's why it's important for investors to stay put.
"It's very possible that we will have an economic contraction," Koch said. But the economy moves in cycles, so investors shouldn't panic. Many people came into the virus outbreak with a balanced portfolio consisting of stocks and bonds, Koch said. The recent selloff might be a good point to rebalance these portfolios and add some cheap stocks, Koch said.
Sectors of interest right now are health care, including biotechnology, as well as consumer companies, she said. "We're a big believer in the long-term spending power of the millennial consumer," Koch added."They have a perpetual desire for experience over things."
Its because of trusting in rich old fools that every problem plighting future generations is a issue today. Where are their solutions? Debt is no solution. Jailing the innocent is no solution. Cuts to public programs is not a solution. Taking guns away is not a solution.
Does anyone think the coronavirus is biological warfare?
Vote Bernie and you may be saved from having your markets get slain any further :) or you could vote Biden and get his cuts and dated policy limitations which I'm sure will save a hurting market right? I mean this is a past generations world in the future right? Oh wait it's not!
Cnn rating dropping so fast! Watch the Market come back! While cnn spreads BS
seanspicer content for your 'show' to cover. I know you can get a lot of actual experts to weigh in here.
if Dow goes near 20K, its like the last 2-3 years of growth never happened 😳 scary times.
If I was JoeBiden or BernieSanders, I would call for realDonaldTrump to implement mandatory leave pay for those affected by coronavirus. This would actually help an average American and stop spread of this bug, hence helping economy as well. No need to say thank you.
So when is trump resigning?
DONT WORRY , SUPERTRUMP IS HERE TO SAVE US......
CNN hoping for the worst to happen! CNN is America's biggest hate group! FakeNewsCNN
Time to buy!
are you satisfied yet with your mass hysteria Will your TDS continue to drive you to frighten people
This is Obama's fault
Cyclical I’m sure
Jake Tapper was rock hard while delivering this breaking news. Slight chance he had a pre-segment emission but at the very least, rock hard.
With the National Debt exceeding $23 Trillion, Trump has America firmly back on the road towards bankruptcy. To put this in perspective, paying off Trump’s National Debt will cost every American household over $400,000. Welcome to the true cost of the Trump economy.
That is one big hoax.
Market down 20%.... Govt should provide payroll tax cut immediately.. Also Fed should give another 4 rate cut to revive economy.
Nightmare
Yet more persons have died from the flu than coronavirus justsaying
Thank You Donald Trump
What .... and you’re not blaming Pres Trump ?
Everyone wishes they bought Apple stocks (and others) when they started. This is as close we’ll get. Start buying.
Hey Trump, is this what winning looks like?
Thanks CHINA.
Sheesh unreal but hate to say finally people will be able to buy low and have real gains if it breeze over
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