[quote=The-Shoveler]It pays to be an optimist LOL.
If the market is a voting machine then this is over very very quickly IMO, but I accept that it could go the other way. Either way most likely SoCal will be open by June.
Time will tell.[/quote]
When we look back at this period of time, there will be some people who were affected by this, and there will be some people who weren’t nearly as affected that had huge opportunities. I can understand why category 1 people are very concerned and sympathies to them.. Category 2 people will emerge from this better off than going in because things are at a discount and can be acquired on the cheap. Just don’t wait too long, otherwise it ends up being that waiting for 50% off La Jolla beachfront property back during the great recession that never happened. I don’t need rock bottom pricing. A decent discount is good enough for me versus missing the boat. Just be thankful if you have working capital that you can use to take advantage of any bargains. many people probably aren’t as lucky. some don’t have a job, and some don’t have income because their income sources stopped paying them too. If these don’t apply to you, congrats.
I think my dad scored big with Microsoft stock right after the stock market tanked. He sold yesterday just a few weeks and pocketed $100k these past few weeks I think. Unfortunately, I did not inherit his smartness, lol.