Asked a buddy who is a financial advisor: “How many of your clients sold everything at the bottom during the panic this spring?” Number was 2 couples. He said they shared one thing: Both couples are retired and watch cable news all day long every day.
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Yeah, things could get hairy if the money tap gets shut off, and the 35 million or whatever it is unemployed are still unemployed. Not to mention virus 2.0.
IMVHO, the only thing that stops markets from dropping precipitously is them printing money like crazy and/or buying stocks. This is probably what is going to happen haha.
