MXLRplus
Active Member
The biggest difference with this virus, is it's the first time massive hoarding and opportunism has reached this scale in history.
I still can't understand why a significant segment of the US population sees the largest financial downturn in US history as something wonderful. The market has lost 29% of it's value in under a month, and we have not hit bottom.
It's caused by panic. Not by any disease.
I'm afraid the people that have been promoting panic from day 1 are going to be right, but for the wrong reasons. We're nuking the global economy instead of the virus. The worst thing is, when this is over and far fewer people died than we expected, those in charge will congratulate themselves and be sure that panic is what saved us. Panic not only won't save our parents, it will also hurt our children's futures. The worst of both worlds.
I still can't understand why a significant segment of the US population sees the largest financial downturn in US history as something wonderful. The market has lost 29% of it's value in under a month, and we have not hit bottom.
It's caused by panic. Not by any disease.