Thursday, June 11, 2020

Go Read

We're starting to see analysis come out on what the lockdowns around the country accomplished.  Here's an article critical of what recently occurred.  I find it interesting because The Guardian is a leans to the left most of the time.  Go read at The Guardian: "We Often Accuse the Right of Distorting Science But the Left Changed the Coronavirus Narrative Overnight"

"....{T}he stock market is not a barometer of the country’s health — politically, socially or even economically. Its sole function, as wonky as it may sound, is to quickly, accurately and unemotionally tabulate investors’ consensus view about the health and prospects of publicly traded companies. In that regard, the market has ably done its job throughout this crisis, regardless of opinions about the outcome."  

2020 Stock market by the numbers as of last week.

The market is taking it on the chin today.  I'll have something to say about that next week.