We’ve been here before!! It was just 15 months ago that the market fell 19% in the fourth quarter of 2018. That was a result of the Fed raising interest rates and reducing its balance sheet. There was the possibility that a financial recession was brewing, and I was worried.
Now, we are facing another bear market, but it is due to the coronovirus, which is certainly NOT a financial crisis. Certainly, there will be supply shortages, demand will slow, and GDP will likely drop, but the stock market will NOT permanently collapse. It will suffer, but it will NOT collapse.
