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Mar 11, 2020 | Rants
This is CRAZY!
CNBC headlines today:
“Stocks on another wild ride for fear fiscal stimulus not enough to overcome Coronavirus. Oil down to ~$30 / bbl, Goldman Sachs calling for another 15% drop in the S&P, Cuomo sends National Guard to NYC.”
You’re kidding me, right?
If you heard the loud bang, it was just my head hitting the desk…
No! Fiscal stimulus, at least in the short term will not overcome what has become complete irrational market behavior nor a germ fed economic panic.
Only a return to sanity can do that.
Unfortunately, I think that’s a little ways off…
Want to help a world economy?
Wash your hands, buy some Purell, buy a plane ticket and visit a customer. Pick up a movie ticket along the way and fist bump your buddy at the airport. If you don’t feel well, stay home!