Time to buy cheap.
Nope, not yet. It has a long ways to go. The financial stab to the economy has been done (Democrats and the media). It will take a while to stop the bleeding.
Nearly 17-million unemployed in 3 weeks. Millions more in the next 3 weeks I’d bet. People with no jobs don’t buy anything. Companies sell fewer products, need fewer products from suppliers. Suppliers cut back, layoff more people. Close. People with no jobs don’t/can’t pay their bills. Businesses that don’t get paid can’t pay their bills, loans, rent. Banks fail. Governments will print incredible amounts of money. Which will become worthless. This is the onset of a depression.
Time to buy cheap was three weeks ago before the Dow regained over 5000 points. I’m sure Soros and his ilk are making billions.
It’s not over falling just yet.
We're all held hostage, the market will collapse another 50%, meaning anyone over 55 will never recover in time for retirement, thanks to the a*shole governors refusing to open the economy.