Still Doomed

Well, I think I will put off opening my new business, the Wuhan Bat Kitchen, for a couple more weeks.

I have commented on the instability of the stock market lately, and how that is scaring me more than the total point drop.

I just want to point out that in the last nine trading days, since Monday of last week, we have seen 5 days of 1000+ swings (well, one was 999 points,) two days of 400 point swings, and only two days that were less volatile than that.

Just for reference, before last Monday, there were exactly two days in the history of the stock market with 1000+ point swings.

And yet the press is treating this as a minor story, like something that is totally normal.  That is bound to be a big help moving forward.  And for those of you that think that this is all due to the Corona virus, this never happened before.  Without a major perceived weakness in the economy, investors would not be spooked like this.

Comments

Flying Junior said…
No way it's the virus. It pisses me off the way the wonks and pundits always have a fucking reason for every point swing.
March 6, 2020 at 12:10 AM
seafury said…
Glad I stopped in.I was thinking of moving to Mumbai. But seriously fox had a guy on who was suggesting this is a great time to buy. We'll all be laughing about this soon. I guess there is nothing to worry about.
March 9, 2020 at 9:22 AM
Green Eagle said…
Yeah, to buy a shotgun to use on yourself.
March 9, 2020 at 3:03 PM
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March 12, 2020 at 3:58 AM
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