By Matthew Carr The market can remain irrational a lot longer than investors can remain solvent.
That’s one of the primary rules of investing.
And when the market becomes unhinged – like it has recently – it’s easy to give in to panic. It’s easy to want to rush in and try to catch a falling knife.
During Monday’s session, circuit breakers were triggered on the Dow Jones Industrial Average, Nasdaq and S&P 500 in the premarket and open sessions.
It was the worst day for investors since August 2011. Crude oil prices tumbled more than 20% as Russia and Saudi Arabia engaged in a price war.
The …read more
