Why Anthony Scaramucci says not to sell stocks during a pandemic

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CNBC's "Halftime Report" is joined by Anthony Scaramucci of SkyBridge Capital to discuss his outlook for markets amid the coronavirus pandemic. The adage “keep calm and carry on” might, in the end, be the best advice for investors to follow during times of extreme market volatility such as the present. While it might seem counterintuitive to sit back and relax while stocks post swift and steep losses, for investors with longer-term time frames it typically pays to wait it out. Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500′s 10 best days in each decade, total returns would be just 91%, strikingly below the 14,962% return for investors who held steady throughout the ups and downs. The firm noted this eye-popping statistic while urging investors to “avoid panic selling,” pointing out that “the best days generally follow the worst days for stocks.” It’s nearly impossible to time your investing so that you get out at the right time and then get back in at the exact right time to profit from big comeback rallies.

FED inject 14 trillion dollars into the market - Do not sell out in pandemic. You will regret those sells.