With all the Media coverage, Shelter in Place orders, restaurant closures, and the realities we are facing now. I would like to remind everyone of the things we have survived, that have helped us become stronger, more resilient, kinder people. You all have family members who have survived tragedies and difficulties. You have probably experienced some yourself. Compassion, calm, and extending care and support to others is part of the human experience that make us who we are.
The market is in turmoil. We are all aware of that. The best thing to do, that I am recommending, is not to react or act in moderation. The market is reacting to media, news, panic, and fear, The US Economy was in great shape. Unemployment was low, profits were up, taxes were down, interest rates were low, and the general feeling about the overall state of the economy was robust. The change came with the pandemic. Tthe fundamentals are still there, the economy can be healthy. We just have to wait for the fever to break. I believe the recovery can be just as dramatic.
In the mean time. The governments, local, state, and national are acting. They are doing things to try and combat the pandemic and to get assistance where it is needed. People are stepping up and caring for others in need. I believe in the people who are the working on solutions to the issues. There will be remedies found and actions taken. Good people, who like the majority of all will work hard, help others, and we will all prosper and learn from these experiences. If you need assistance or to just talk, Call me, write, contact us and we will do our part in working through all this together.
Do the right things, Stay safe, Wash your hands. Be well.
This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. The information presented does not constitute a solicitation for the purchase or sale of any security and is not a recommendation of any kind. Please consult your financial advisor before making financial decisions. (03/20)