[quote=ltsdd]Here’s a thought about the stock market. Why not close them all down (all exchanges around the globe) and reopen after the coronavirus is dealt with? On the other hand most of the damage is already done. At worst the DOW will probably drop another 10% – that’ll match the dot bomb implosion back in the days.[/quote]
It fallacy to compare anything that is going on currently in the stock market to anything else we have seen in the past. Dot.com day drop with due to bad fundamentals when the unicorn companies never turned a profit. Up into this virus panic, all companies were releasing gang buster numbers, unemployment was low. You cannot deny that. I’d like people to show me a pattern that a major health virus was part of a natural economic cycle. Everyone even all the financial analysts are saying we are in unchartered waters. I’d like to show me the last time we shutdown most schools, most businesses, cancelled most public gathering events with the timeframe of “indefinitely” I’d like people who think they could have predicted to show me a time where companies required people to work from home for the timeframe “indefinitely”. You can’t because it never happened in recent times. Nothing even comes close, not even 9/11. Everyone knows that. As soon as this virus is sorted out, as soon as people are no longer fearful of catching some mysterious illness, we’ll move on just like we always have. None of this really matters in the longer term anyway, as has been time an time again.
