Personally, I think there was a lot of JUNK in the market and these losses, while some are associated with a White House that should have provided guidance rather than cover-up, the SHEDDING was also opportunistic. The losses are being balanced by INNOVATION and INVENTION. Investors will be fine. I am confident they all had dinner last night, even the Day Traders.
The whining occurred until the new opportunities arrived. INVEST IN GM and TESLA. They are heroes to this country.
Any job losses at this point should be compensated with unemployment INCLUDING TIP EARNERS. They are not a result of the loss of viable companies, so much as CAUTION JOB LOSSES to save lives.
This is temporary so long as Americans make it to be so. If Americans are going to put their lives at risk, they are not only foolish but making the emergency far longer than it has to be. They are extending the downward and flattening curve.
The unpredictability of the financial markets gives a definitive reason to save social security. Maybe Bernie is right, increase the social security checks. 401K is not a stable and reliable source of retirement.
March 19, 2020
Stock futures scraped out narrow losses (click here) Thursday, as the market groped for a new bottom and global markets remained tuned with a hair-trigger to updates on the coronavirus pandemic. Boeing (BA) once again paced the declines on the Dow Jones today. Co-Diagnostics (CODX) and Biomerica (BMRA) spiked on covid-19 test kit news....
