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06-11-2020 05:28 PM
@Anonymous032819 wrote:I now understand why people threw themselves off of buildings after the great crash in the 1920's.
Seriously?
Not me. I have never had nor will I have any intention of killing myself over money. I guess when you live without much of it for long enough, you easily see that life goes on, and happiness abounds in the simple and free things.
It's not a joy to struggle, especially for long years or as one get's older, but it certainly isn't worth killing oneself over.
06-11-2020 05:29 PM - edited 06-12-2020 01:16 AM
In terms of new COVID infections, as a country we have not yet made it out of Phase 1.
06-11-2020 05:32 PM
Yesterday's announcement of a projected additional 100,000 deaths sometime in Sept. plus Treasury Sec's comment that he wouldn't close economy again probably is the cause. The markets are wildly swinging (I'm heavily invested) but I try to remember my Dad's statement "it's only a paper loss unless you sell".
06-11-2020 05:41 PM - edited 06-11-2020 06:13 PM
@Kachina624 wrote:Has there been some national or world event of which I'm unaware to cause this?
@Kachina624, this gave me a chuckle, given the world we're now living in.
It's been a wild ride and will likely continue to be so. We didn't panic in the past, and we won't do so now. Given our age, we already have a fairly conservative portfolio but have recently moved more into cash reserves.
06-11-2020 05:45 PM
@suzyQ3 I heard on TV last night that economists think it will take about 13 years for the economy to fully recover. Of course new disasters could hinder that.
06-11-2020 06:07 PM
@Mominohio wrote:
@Anonymous032819 wrote:I now understand why people threw themselves off of buildings after the great crash in the 1920's.
Seriously?
Not me. I have never had nor will I have any intention of killing myself over money. I guess when you live without much of it for long enough, you easily see that life goes on, and happiness abounds in the simple and free things.
It's not a joy to struggle, especially for long years or as one get's older, but it certainly isn't worth killing oneself over.
I'm sorry that you can't empathize with how hopeless the must have felt to make that decision to end their own live.
06-11-2020 06:08 PM
@Kachina624 wrote:@suzyQ3 I heard on TV last night that economists think it will take about 13 years for the economy to fully recover. Of course new disasters could hinder that.
@Kachina624, I have not heard predictions of that length. I wonder what went into such a forecast. But really, we do have to take economic crystal balls, for better or for worse, with a gigantic amount of salt.
06-11-2020 06:09 PM
@Sheila P-Burg Investors selling their winnings from days before pending downturn due to hightened covid numbers
06-11-2020 06:10 PM
@Kachina624 It looked like covid infection numbers have increased so I think investors sold their stocks before their value decreased.
06-11-2020 06:12 PM
The whole story about suicides and people jumping out of windows in 1929 is a myth.
Safe link to history.com.
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