COVID Crisis Update

Posted by Dr. James Thorne

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Dr. James Thorne, a regular on MoneyTalks was kind enough to send us this report on the seriousness of the COVID 19 crisis and its emotional affects on the market. ~Ed. Over the past week, global stock markets experienced the most severe 5-day market correction in history.  As news of the global spread of Covid-19 intensified, fears of a global pandemic increased.  The three major US market indices, the Dow Jones Industrial Average, The NASDAQ composite, and the S&P 500 fell more than 10% from the record peaks achieved a few weeks ago.  In 5 short days, the markets went from the euphoria of record highs to extreme fear.  In our 2020 market outlook presentation we examine the most recent work by Dr. Robert F. Shiller, “Narrative Economics: How Stories go Viral and Drive Major Economic Events”. Click here for full article