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you might want to rethink your analysis. global GDP is not "the stock market". The "stock market" in this story is actually the S&P 500. The high on 2/19 was
by jiveturkey 7y ago
you might want to rethink your analysis.
global GDP is not "the stock market". The "stock market" in this story is actually the S&P 500.
The high on 2/19 was 3386.15. The low right now as I post this is 2978.76. That's a drop of 12%. That is not a pothole. That is the grand canyon, opening all at once, not over a million years.
Luckily, this is correlated to a single "act of god" event. It will recover. In the short term, however, there will be real consequences.
This is one of those very, very good times to buy.
- gowld 7y agoIt's not the grand canyon opening. It happened in 2008 on a bad week, and it happened in 2018 over the month of September and again in the month of December.
- deleted 7y ago[deleted]