A bullish lesson from 1918.https://www.marketwatch.com/story/market-behavior-a-century-ago-suggests-the-worst-could-be-over-for-stocks-if-not-for-the-coronavirus-pandemic-2020-03-19?mod=mw_latestnews …
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About what? That is truly cryptic. Why don't we use email or a phone?
What are Reynolds' best recommendation for the economy and markets this week?
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The fact that stocks, bonds, foreign currencies and gold have all been simultaneously liquidated for cash suggests a scramble to hoard cash comparable to the craze to hoard toilet paper. In that situation, those of us with cash and calm will start buying low and being patient.
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New jobless claims and other economic data will look terrible so long as many states are virtually banning most work, leisure activities, travel and shopping. When those restrictions ease up in (hopefully 6-8 weeks), stocks will rise first and the economy won't be far behind.
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Le chargement semble prendre du temps.
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