Monday, April 27, 2009
Swine Flu Blues
Over the weekend the news reports and media buzz has centered around the Swine Flu outbreak in Mexico. While only a limited number of people have been affected in the US so far, this situation has spooked the stock markets and bond markets in pre-market activity. So what's an investor to do? The stock market has always reacted negatively on uncertainty. Since the flu outbreak is still in it's early stages, the US and other world governments are still trying to get a handle on how to contain it and prevent it from spreading into a panic situation. Because there are too many unknowns, the stock market will feel downward pressure in the early going at least. Of course, this only is a concern to anyone looking to sell stocks or stock funds today. Buyers could have an opportunity to get lower prices and long term investors should feel no pressure at all to do anything but continue to add money to their retirement saving accounts. Will the Swine Flu change my perspective on investing for the long term? No more than the Bird Flu did. Tamiflu anyone?