Money Brain: Selling your stocks now will only lock in losses

The stock market is down. Now it’s up. Now it’s down again. Prices are zigging and zagging and volatility indexes are surging. Is it time to push the eject button?

Many are saying this bull market is over. It was fun while it lasted, but now investors should bail out. Sell everything, even if means paying large capital gains taxes, because stock prices may drop lower — much lower.

After last Monday’s rout, a friend told me: “I’m going to sell all my stocks, I can’t afford to lose any more money. I’ll get back in when the market recovers.” He is not alone.

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