I see a buying opportunity for long term investors. Patience will be rewarded. One bad economic quarter is not the end of the world....
I think I would wait a month or two and leave it in bonds till then.
There is more 'bad news' to come as death rates continue upward and more buzz words send HTFs fleeing to safety.
The spread of this virus into Africa and South America has not really happened yet, and that will bounce the DOW more.
We have the Chicoms getting this thing spreading for a nother round of bad news as they prematurely relax quarantine so people can work again.
We still have the European impacts to price in. The EU is led by leftwing idiots and they have let this thing spread out of control and are trying to mop it up with a sponge. The Euro went up today, but when the European central banks are called in to rescue the health system, Europe will tank, and drag all the markets down with it.
And there are more predictable 'bad news' events to come and each will hammer the markets. If you dont mind, I dont want to offend anyone, but I would wait for all that to shake out first.
We need to shift to primarily US manufacturing again and reduce our dependence on stupid leftwing regimes around the globe.
Hopefully that Norwegian cure works as announced and we can get it into distribution from plants OUTSIDE OF CHINA!