It’s hard to know even what to say this morning. I’ve heard that “every bull market is the same, but every bear market is different” because they are triggered by a unique economic disasters. That’s certainly the case now as I fear the market will open today with another 1000 point drop based on the DJIA futures.
While these are unique times, they are causing many to read up on the Spanish Flu of 1918. An amazing 675,000 Americans perished in that pandemic – among an astounding 30-50 million worldwide. I found this newspaper clipping from October 1918 online this weekend …
Some of the advice is the same as we are hearing now. Some of it is a bit colloquial. One of the most interesting comments is the last one about conveying the flu to “profiteers” to “put them out of business.” Even 102 years ago, people weren’t too happy with those that took advantage of others’ misfortune.
Perhaps it’s helpful to be reminded that the Spanish Flu and WWI were followed by the prosperous ‘Roaring 1920s’. While the markets look hopeless now – and businesses are getting shut down for as much as 2 months – this too shall pass once it’s run it’s devastating course.
The only advice I have that is not included in the old clipping is to simply help each other out if you can. We are all in this together. If you are already FIRE’d (financially independent & retired early) it’s maybe a great chance to be a good neighbor for folks that are balancing a job, kids home from school, or older folks who can’t get to the store very easily. I posted my willingness to be the neighborhood ‘errand boy’ on our community Facebook page last night.
If that’s not your thing or you aren’t able to – then stay home, take it easy, and enjoy some cornbread!
Image Credit: Pixabay