The word "contagion" succinctly captured why there was chaos: investors were worried that the novel coronavirus, combined with an oil shock, would invade the global economy and cripple its growth.
In an interview with Business Insider on Monday, the Rogers Holdings chairman stressed that he did not know when the said crash would occur. In effect, he stands ready to take advantage of the buying opportunities that will present themselves during this episode. Indeed, volatility is the price investors pay to enjoy the long-term gains that stocks provide. Since 1980, the S&P 500 has suffered 31 corrections and delivered an average return of 23% one year from the bottom, according to data compiled by LPL Financial.
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