Like many professionals of a certain age, I’m obsessed with investing — though I’m the opposite of an active trader. I methodically feed money into my retirement account; I tell random passersby to make use of boring index funds and studiously ignore whatever’s happening this week or this month in the stock market.None of these admonitions stops me from obsessively logging on for the daily portfolio breathing check. Two weeks ago, I took big losses when the market incorporated worries about the coronavirus outbreak. It’s been a roller-coaster since — with plunges followed by partial rebounds. Monday’s 2,014-point drop in the Dow stands as my largest one-day loss ever.The ride is stomach-churning. But it’s also a good thing — or at least a necessary one. Markets have plunged because America’s and the world’s responses to covid-19 are visibly inadequate. Investors are holding politicians and public health officials accountable for both the poor epidemic response and the accompanying economic losses. The smart money believes, despite President Trump’s blithe assurances to the contrary, things are getting worse and the virus’s spread will inspire a widespread economic slowdown. (Trump’s tweets and public statements about the virus remain reckless and uninformed, although he belatedly


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