Understand, all investment carries risks and benefits. The dividends have been very nice, I have carried the XOM stocks, and added to them for decades.
But (yes I know the fallacy) This time feels different.
Remain vigilant, live in fearless caution
This time feels different.
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This has been a devastating shock to the economy, no doubt about it. But consider that many new virus tests and treatments are being developed and will soon come online. And...there are promising advancements toward new vaccines. We’ll beat this thing and come out of it better prepared than we were before to deal with future outbreaks.
I also think a lot of people are ignoring the resiliancy of American business and the awesome power of the advertising industry with its ability to literally drive consumers to products and services. We also have powerful, innovative technoligies as a tail wind. 5G will soon be here and may be a bit of a game changer.
Not saying we’re bouncing right back but I do see catalysts and advantages that people are not recognizing. I guress I’ve been through too many crises before and tend to see some silver linings where others just see clouds. :)