Truthfully, CV-19 quarantining isn’t that much different than early retirement life. Sure, you can’t go out to eat with friends, weekly sports leagues and activities are cancelled, and the TV news is hideous to watch, but we can still get out and take walks, work on projects at home, and other daily diversions.
Life is only boring if you are boring!
Like many Americans, I’ve been watching a lot of TV news and the daily press briefings from the White House. I’m hopeful that the financial markets have turned the corner this week and am pleased with the progress we are making in inevitably stopping the CV-19 virus. I think the financial markets seem to have bottomed-out at this point and I’ve optimistically predicted to several friends that “the next bull market has begun”.
In a one sign of positivity, corporate executives are suddenly buying up stock at a rate not seen since the 2009 recovery. I think that is a very good sign … or at least evidence that I’m not the only one who is delusional about the economy’s prospects at this point.
Of course, the market could crash again if any degree of bad news creeps in. The state of the world’s economy is pretty iffy right now, so it would be a bad time for anything else to happen. Even a slightest jolt of unexpected bad news might cause another ugly dip.
I’m shocked by the amount of financial stimulus that the Federal Government is putting into the economy right now. I’m not sure where all of the money is going to come from, but I think it will be much more costly if the economy is allowed to melt down.
I was surprised to learn that we are due for one of the $2,400 ‘Trump Bucks’ stimulus checks. The ‘means test’ is based on 2018 AGI, which was a year when we lived off of savings and didn’t cash in any investments. I believe that 2018 might have been the only year in at least the last couple decades in which we would have qualified for it!
Do you think the market has bottomed out, or are we just seeing a ‘dead cat bounce’ and the market will fall below it’s lows of last week?
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