is the blog of an Orthodox Christian and is published under the spiritual patronage of St. John of San Francisco. Topics likely to be discussed include matters relating to Orthodoxy as well as other religious confessions, politics, economics, social issues, current events or anything else which interests me. © 2006-2024
Thursday, April 30, 2020
Meanwhile on Wall Street
As the nation appears to be collapsing into an economic depression (see previous post) Wall Street has been singing its favorite song. After the initial panic of late February and March, the stock market has been rallying. The S&P 500 has recovered around half of its losses as investors seem determined to ignore the steady stream of bad news. Are they right? How long will this last? Hmm...
I've been investing my whole life, and the fact is that wise investors ignore the bad news, even when it's really bad. Things come around. I know you have a right to put out your pessimistic financial opinions on your own blog, but honestly I don't think your view is helpful.
ReplyDeleteAnd yes, I regularly give to the Salvation Army.
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