We continue to hear that the world has NEVER known something like the Coronavirus pandemic, so we decided to do some digging to see what we could find. Interestingly, the first thing we came across was the "H1N1" flu virus. You can access the information yourself from the CDC's website following this link if you would like to: https://www.cdc.gov/flu/pandemic-resources/2009-h1n1-pandemic.html We quote from the CDC, "In the spring of 2009, a novel influenza A (H1N1) virus emerged. It was det… View More
Yesterday was a hard day in the market; some may even contend the market has "never been this bad." But that would be our emotions speaking, and it would be factually incorrect. The S&P 500 was down 9.5%, a far cry from the 22.6% it lost on Black Monday - October 19, 1987. We only bring this up because we believe it provides perspective. It is easy to allow ourselves to believe that the current conditions are the WORST that have ever been. Time (and gains) heal old wounds in the market. The… View More
As many of you know, we have been following Bob Doll for over 20 years now. He put together a list of 10 things to consider during this Coronavirus outbreak. We thought it would worth your time to read his comments, which we have copied below. From his comments, we want to point out the underlying strength in the economy. While we will only know the full extent of what the Coronavirus will do after it is done, we do know that the US economy was about as well prepared for this as one could hope. … View More
We understand the level of fear associated with both the Coronavirus and the market's sudden drop over the last few weeks. Further, we understand the feeling that this is a "new" crisis, the likes of which we've never seen before. In reality, Coronavirus is a new crisis, but that was also true of every crisis we have ever seen. We have been doing this a long time, and we have seen many crises come and go, each of them "new" and "unprecedented." In 1997, we faced the ASIAN FINANCIAL CRISIS. Debt… View More
Over the last few weeks, we’ve heard the comment a number of times that “the world has never seen something like Coronavirus,” and the reference is in relation to more than just the spread of the virus. The reference has been in relation to the market’s movements and to the economic impact the virus will take on the global economy. The genesis of these comments could be a variety of things. We have seen both record daily losses and record gains in the stock market. We have seen the swif… View More