Panic could be expensive. Interesting take on coronavirus outbreak. By John Ward of The Slog. “China has no choice but to shut down its output and face massive falls in demand. The one thing CoroNov19 is going to cut a swathe through is lots of obscenely overvalued stock markets around the world.” I hope Mr. Ward’s prognostication regarding stock markets … Continue reading CORONAVIRUS: More Likely To Damage Your Wealth Than Your Health
On Friday (01/10/2020), the Dow Jones Industrial Average briefly crossed the 29,000 milestone, before turning lower. The index closed lower mainly to shares of Boeing, which slipped 1.9% and profit-taking from nice gains that have taken place. Over the last three months, the Dow has risen 8.8% (20% over the past 12 months). I wonder … Continue reading The Dow Jones Industrial Index Breaks 29,000 First Time Ever!!!