Investment advisers are still giving the conventional and usually correct advice as markets tumble: build your portfolio for the long term, dollar average, don’t sell in a downturn because you will not be able to time the rebound (“Donald Trump’s sweeping tariffs ignite $2.5tn rout on Wall Street”, Report, FT.com, April 4).
But when there is an out-of-control madman in the White House destroying the edifice of trust in rational policymaking and the rule of law on which business and consumer confidence relies, the appropriate reaction is indeed to panic. Sell.
David Gordon
Sierra Madre, CA, US
