I came down with the flu this week. It started on Monday with some tightness in my chest, and has progressed to fever, chills, cough, aches, and extreme fatigue. It has been a long time since I have been sick like this. I had forgotten how miserable this can be, and honestly didn’t take it as seriously as I should have when my wife recently suggested I get a flu shot. I’m now paying the price for complacency.
After a period of relative calm in the markets, perhaps investors got a little complacent too. While the increase in volatility in the stock market has resulted in renewed anxiety for many, it can be helpful to remember that no matter how uncomfortable a selloff can feel, like the flu, it will eventually pass.