By Theresa Gusman and Mel Miller | Download the PDF We are going to try and answer the question of “What is an investor to do?” Going into 2020, the economy and the market seemed on reasonably stable ground. Expecting the record-breaking eleven plus years of economic expansion to continue, the stock market, as measured by the S&P 500, reached a record level on February 19th. What has caused the dramatic change in less than a month? The expanding coronavirus pandemic, disrupting life and supply chains in addition to existing restrictive trade policies, has roiled the markets as valuation measurers become meaningless. Short-term investors and speculators sought safe havens. Gold and treasury bonds became the investments of choice as both gold and the treasury index recorded approximately 10% returns since February 19th. Amazing.