By Jeffrey R. Kosnett
From Kiplinger’s Personal Finance
I am long on record as an extreme skeptic of doom-loop and daisy-chain scenarios, where action A causes market reaction B, and then investments C, D, and E crash as traders and investors lose nerve and everyone’s portfolios drown in a flood of madcap selling. For 40 years, I have written that it is dumb to make quick portfolio decisions based on political and international events. And I have been correct to believe that when reliable investments get indiscriminately slammed, there is enough smart money to undo some of the damage.
