Any bets on how many times the NYSE "circuit breaker" flips and suspends trading today? I say... 3? edit: going to revise my guess down to 2.
We are in totally uncharted territory, and exactly no one can be certain of the optimal set of actions to take. Scary, I know, but I think eventually, this will transform society for the better. Why does it always seem to take a tragedy? :(
Ha! No. Just look at what has happened to the working class poor in America since 2008. Between absolute destruction of job security and legal protections to market speculation increasing cost of living from housing to healthcare, they've been screwed hard. Every year has been worse since the last and I have zero doubts that after this crash, the trend will not only continue, but accelerate. This is why I keep fretting about the market, not because I'm afraid of the recession, but because I'm afraid of what comes after. We're not forced to address our flaws in times of well being, we feel complacent and secure. It's not until things get difficult that we look at things in a different light. Wanna know the awful truth? The people in power yesterday and today, the ones responsible for all of this, they'll continue to be in power tomorrow. When the dust settles, they'll reshuffle the deck, deal out the cards, take a look at everyone's hands, and find a way to write new rules in their favor. All guys like you and I can do is find ways to keep doing good things for the world, no matter what the new rules are.but I think eventually, this will transform society for the better