How to cope with panicky markets

With Europe still a mess and China coming down to earth with a bump, markets are starting to lose their heads. But you shouldn't lose yours, says John Stepek. Here's what to do when markets take fright.

Greece has managed to throw the eurozone into turmoil for the third year running. For an economy that the bulls love to describe as insignificant', it sure knows how to throw its weight around.

On top of that, markets have finally woken up to the fact that China is not some sort of perpetual motion machine, but a bog-standard, boom-and-bust-prone economy, just like all the rest.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.