
Ep. 216 Kenny Polcari: How To Stay Calm In A Stock Market Crisis
Investing With IBD
The Importance of Taking a Deep Breath
The market's been trading in a very tight range over the last three or four months, he says. "We built that up not because we knew this crisis was coming, but because of where we are just in the last year" He tells his young client to take a deep breath and move her money into short-term Treasuries if she gets nervous. The portfolio is more defensive now than it was during the 1987 crash when stocks were down 22% on one day.
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