(Kitco News) - Despite equities markets falling the most in a week since the 2008 financial crisis, now is actually a good time to be buying on the dip, this according to Jim Rogers, chairman of Rogers Holdings.
“[Investors] probably should be buying. I know [the selloff] is attributed to the virus, but remember, the virus has been around for three months now and the virus has been spreading around a lot of places. If you ask me what’s going on, the market got overbought and now we’re having a selloff,” Rogers told Kitco News.
He added that the media has assigned a reason to this selling, and that reason happened to be the coronavirus outbreak.