That was a painful market day.
Fear Mongering always works on the weak minded... and there are no more herd mentality people on the planet than traders.
Not as painful as March 2009.
Just about every state is likely doing this. No secret. The VHD here in Virginia has been posting this info online for more than two weeks, maybe longer.
Not so many years ago 1,100 points WAS the Dow.
There is a tremendous buying opportunity right now. All told, in the next six months the Dow will VASTLY outperform bonds or even real estate.
This coronavirus crisis will be resolved, and the Democrat primary season will be history. The basics are all still there, and as supply chains are re-established OUTSIDE China, either by home-grown industrial expansion right here in the US, or by outsourcing to other nations than China, the stability will return to markets.
Wait a few more weeks of pain & then start buying.
Folks were saying the same thing in December 2018 and then it came back.
These types of corrections are normal.
Didn’t feeel a thing.. 10% correction maneuver complete..
The sooner this cycle of ‘herd-culling’ experimentation is done, the better.
Then we can get back to more series things like will this make Gub Nuisance a potential VeeP on the ticket guy with Bernie?
Just imagine what the market would do under the weight of that ticket if it won.
Let’s hope the correction doesn’t turn into a 20%er.
“That was a painful market day.”
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Gonna be a lot of ;em for a while, especially if a lot of people start coming down with this thing - ain’t nobody got no time for the DJIA if that starts happenin’.