Pundits all over the media think the coronavirus could crash the market.
On Friday, January 17th, after a spectacular 40% run-up that started the day after Christmas 2018, the Standard & Poor’s 500-Stock Index closed at 3,329.62.
Five weeks and one day later, on Monday, February 24, the Index closed a little over 3% lower at 3,225.52.
I am always amused by the media’s use of the word “lost.”
Continue Reading “Will the Coronavirus Crash the Stock Market? History Says Probably Not”