The S&P 500 just endured two of the ten worst days since the Great Depression. The index of 500 leading companies plummeted -9.5%, and -12%, on 3/12 and 3/16, respectively. The experience has been undesirable. Market lore foretells that “Bear Market Bottoms” are unlikely to be singular moments, instead, painfully, more apt to be aread more ♫ Bear Market Bottom Blues ♫
IF By Rudyard Kipling If you can keep your head when all about you Are losing theirs and blaming it on you; If you can trust yourself when all men doubt you, But make allowance for their doubting too; If you can wait and not be tired by waiting, Or, being liedread more The poem, “IF” by Rudyard Kipling
Economically speaking, growth isn’t everything; it is the only thing. A better tomorrow for future generations depends on a rising tide, that is, opportunities for all. Covid-19 is an enormous wrecking ball that will eventually end, we hope. Turning things around is going to be an uphill battle. To expedite the recovery, here is myread more Economic Reset – My Wish List
It is important to support neighborhood businesses and independent service providers. #stepinrobo.1db.com/newnormalread more Think Local. Act Local.
By September 4, 1917, the DJIA fell into bear market territory (-20%), fueled by the Spanish flu pandemic. The first World War killing machine was in full force, tallying millions of casualties among soldiers and civilians. The ill-fated timing of the Spanish flu was more like a curse; the death toll from the sickness amountedread more Contagion Context – Spanish Flu – Covid19