As the age-old saying goes, “everybody is a genius in a bull market,” but what motto is most suitable for such unprecedented, trying times? With inflation at a 40-year high, the Federal Reserve remaining steadfast in increasing interest rates to combat it, and 6 in every 10 Americans forecasting a looming recession, according to a recent survey conducted by the Gallup poll, the street is eerily silent. And the recent string of job cuts and hiring slowdowns already makes one wonder if this is 2008 all over again. Fortunately, if an investor has time on her side, the gloom and doom can and should be greeted with optimism.
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