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KXLY
January 15, 2021 3:07 AM newsfeedback@fool.com (Barbara Eisner Bayer)
Posted:
Updated:
January 16, 2021 5:20 AM
There’s no doubt that 2020 was a terrible year. It included almost 2 million worldwide coronavirus deaths, staggering unemployment levels, innumerable businesses going under, stock markets collapsing (and recovering), and political turmoil. All this chaos led to a lot of doomscrolling, which Merriam-Webster defines as “the tendency to continue to surf or scroll through bad news, even though that news is saddening, disheartening, or depressing.”
Investors are particularly prone to falling into the doomscrolling trap. Many listen and react to the news, especially when it comes to buying and selling securities. Whether it’s energy markets collapsing, tech companies being threatened with breakups, or the airline industry struggling for survival, stock market followers can get caught in a never-ending spiral that leads to negativity (not to mention