I know nothing. I have experts at my disposal who tell me to shut up and keep the faith.
The DOW has fallen 10,000 points since this started and we have a long way to go. I’m not selling. I have too much invested. Will it come back? Sure.
In the meantime I’m not even looking at my accounts if at all possible.
Please, explain to me why we won’t see the DOW drop to five figures or lower. I love knowledge.
-SB
Great, after admitting you don’t know crap, I’ll tell ya.
The financial markets are valued based upon the earnings of the underlying economy. The valuation rate is based upon perception of strength.
Right now, perception is terrible, and we might see earnings erosion short term that is shocking. But temporary.
An earnings machine like the USA cannot be zero. And such, the value of the dow at earnings x such, cannot be zero.
We are being tricked, duped, whatever. This shit is a hoax like y2k. And even if it isn’t, a virus loses steam from the inability to find a host.
Also, the Fed Reserve has unrivaled and unlimited power to create stimulus, policy, restrictions, limitations, exceptions, etc. What they want, they get...Don’t fight the Fed...