But there is nothing new in its assessment to cause such a ‘hysterical’ call to action. Yes it has been quite a turbulent start to the year on global markets, but calls to ‘sell everything’ are absurd and should be viewed with caution by investors.
The risk of market corrections of 10%, or even more severe falls of 20%, represent the risks inherent in stock-market investing, but which over time have represented the best performing major asset class. You should bear in mind that past performance is not a guide to future performance.
Of course, those risks should be avoided where possible but more often than not investors in equities know too well that patience and a calm head may pay dividends at times like this.