The fact is undeniable: we are in a crisis right now. And while it’s true that this situation is unique, similar events have happened throughout history.
And we can learn a lot if we take a step back, look at what has happened historically and understand the bigger picture.
From there, it’s important to adjust our thoughts and behaviors accordingly so we not only survive this, but we can bounce out the other end and rebuild more quickly and help more people.
Cycle of Market Emotions
For a short-term view of this crisis, you can use the Cycle of Market Emotions.
Right now, we are spiraling down. But there comes a point where we reach the bottom and this is also when you reach the point of maximum financial opportunity.
And this is reinforced when we combine this with a long-term view of this crisis in the context of history. You can see from the last 100+ years of the S&P 500 that peaks never last forever and valleys never continue on forever.
In other words, this too shall pass.
And if you want to see how to best position your clinic to survive this crisis and come back stronger than before, make sure to watch the video above.