Tuesday, March 10, 2020

Dow closes over 1000 points higher today Tuesday

Buyers seeking a bargain bought into the market today. However, it's hard to say what's going to happen next. I think more bad news likely will drive stock prices down further. If you are a long term investor I think standing pat if you are in the right stocks for now is a good idea. However, everyone has to be liquid enough to make it through the next couple of winters with coronavirus while many likely are going to die around the world and businesses likely might be shut down a lot from October to April around the world (at least in the northern Hemisphere) if this is anything like what happened in 1918 worldwide. I think studying what happened in the Spanish Flu 1918 pandemic might be helpful about now if you are an investor.

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