Is it time to buy? I’ve been asked that question many times this week and have asked it of several fund managers. The main response: it’s too soon to tell.
Fence-sitting provides little solace for investors watching their portfolio shrink or those panicked by unrelenting share market volatility. Nor does it help bargain hunters itching to buy aggressively, hoping for a “V-shaped” market recovery.
Truth is, it is far too soon to call a market bottom. Nobody knows for sure how this Coronavirus will play or the full havoc it will unleash on the global economy, consumer sentiment, government balance sheets, corporate earnings, dividends and share prices.