>The official data lags That's an understatement. We've seen rank incompetence across the board all over the world. The US markets are still far too optimistic

>The official data lags That's an understatement. We've seen rank incompetence across the board all over the world. The US markets are still far too optimistic, today's rally won't last. China is still barely recovering two months later, and the show is only just starting in the rest of the world. This is going to have permanent geopolitical ramifications, and the U.S. is probably weeks away from the same disruption that is still gripping China. Based on timelapses of spreading in South Korea, the first couple of weeks are quiet, where there are cases popping up here and there. Then, suddenly, week three sees the whole country light up with cases. This partly a result of testing changes, and partly the result of long incubation with asymptomatic spreading. One thing in the U.S.' favor may be it's sprawling nature. That may make it easier to contain the virus, but only in the case of major travel restrictions and shuttered businesses to prevent spread of a virus with an R0 of between 3 and 6-8. Based on the 100 year history of the djia, there's still a looong way for the market to fall before it hits bottom. If you're near retirement you may want to consider shifting funds into bonds.