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May 26, 2020
1:47:55pm
CougaReb All-American
Agreed, but with unemployment rates of 25+%, government stimulus plans, and...
...historically low interest rates, the potential for a subsequent drop like Acorn is describing is very real. Talking about potentially adverse economic consequences isn't fear-mongering (unless it's, like you said, "We're all going to die!" in nature) or irrational. Also, your point of nobody knows the future is entirely true (and acknowledged by Acorn), but trying to discern the most likely outcomes and to plan for the future are worthwhile discussions to have.

Personally, I do think we're likely to see another drop/correction as the ripples expand throughout the global economy. Even as the economy gets rolling again, it will do so slowly and - IMO - with a relatively high likelihood of relapse (unless, of course, advanced testing and immunizations are in place for the coming flu season). This is a challenging time to try and guess what the market will do next because of whiplash effects of "good news" and "bad news" indicators that seem to be coming every week.

I'm hopeful and prayerful for a quick and steady recovery, but I'm taking some profits now and expecting opportunities to invest to come in Q3 and Q1 2021.
CougaReb
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CougaReb
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