From WSJopinion: The coronavirus has created a great deal of market volatility. One thing is clear: Equities have become a good deal, writes Burton G. Malkiel.
The NCAA college basketball tournament was canceled, but for those following the financial markets and the real economy, there was more than enough March madness to satisfy the most rabid thrill-seeker.
We have witnessed unprecedented volatility, a sudden bear market in stocks, and a collapse in the labor market unrivaled in its speed and intensity. These are the times that can produce life-changing investment blunders as well as unique opportunities.
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