To buy or not to buy? Is that even the right question? Year-to-date losses for Nairobi Securities Exchange (NSE) 20 remain steep at 27 percent. Pessimists are having the last word. Anyone who talks optimistically about the stock market these days has to put up with an army of doom-and gloom-sayers.
It seems just as greed leads to more greed during a bull market, fear feeds on itself and leads to more fear. Whenever one shouts, “coronavirus crash is a buying opportunity for focussed long termers,” he/she is met with a disapproving silence.
