I have made the most money over the last 30 years buying solid companies in terrible markets, not the other way around. For some of the panicked people in the world, the flip side is this is why you should have cash on hand to buy.

By Saqib Iqbal Ahmed NEW YORK (Reuters) -Alarm about the fallout from President Donald Trump's sweeping tariffs gripped global financial markets, with Wall Street's fear level at a five-year high while financial executives expressed shock and worry about economic growth.

The S&P 500 fell almost 5 percent on Thursday, its worst drop since June 2020, as President Trump’s higher-than-expected tariffs set off another round of economic worry.