RE: Confused26 Mar 2020 10:46
Indeed, jazz. But we ain't out of the woods yet. This is unlike any crash before,imo. Except, maybe, that of the Great Depression. This time it's not just a finacial thing. The knock on effect of people forced out of work for who knows how long is an added difference this time. I have lived through just how bad things can be before they get better. Albeit vicariously, through my son that lives and works in China. They were brutal over there with their lockdown and it still took hold and spread. That was mainly down to timing. A perfect **** storm, if you will. This initial happend during the biggest annual movement of people on the planet, Chinese New Year. Miilions of Chinese criss cross the country to go home for the celebrations. And I guess, in and out of the country. You could not write it any better for a blockbuster film. But, they got on top of it in their own draconian way. Prison for curfew dodgers, armed police to restrict movement, stricked temp monitoring before being allowed out. One person per household every two days or so. Jeeze, they even welded up the doors of appartment blocks. Anyhoo, I digress, and things are returning to normal over their.
My point was, before I waffled on, this ain't over yet.
I read this article last night and several others in the same vain.
So be carefull out their.
"...are such sharp rallies a herald of better days.
In 2008, for instance, the two biggest gains during the market crash that fall, both in October 2008, were actually followed by five more months of double-digit declines, data showed."
https://uk.investing.com/news/stock-market-news/treat-with-caution--rocketing-stocks-arent-cause-for-comfort-2081236
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