3-16-20 coronavirus-financial markets

A Fond  du Lac financial advisor says as the spread of the coronarvirus has disrupted global economic activity and the U.S. financial markets,  the best  decision for long term investors is to stay the course.   Pat Broeske with Lakeside Wealth Management admits the stock market crash is testing investors’ patience.  Broeske says he’s not surprised at the drop in the stock market, but is surprised at how quickly things have occurred.  “The only thing that’s been surprising is just the velocity of it,”  Broeske told WFDL news.  “We’ve had many consecutive days of up a thousand, down a thousand.  At the moment it seems as though fear has gripped the market and fundamentals have just been forgotten.”   Broeske says its too early to say what impact the pandemic will have on corporate earnings.   Broeske says when analyzing previous viral outbreaks’ impact on financial markets,  in most cases stocks rallied over the 12 months following the outbreak.