Reply to thread

Message

[QUOTE="HuskyHawk, post: 4376548, member: 1414"]
I fully agree that some of what is going on is fairly unprecedented.  But then we've been through unprecedented changes several times in my lifetime. The stock valuation approach I was taught at UConn hasn't been valid for 30 years.  It's all vastly different. The macro differences are huge.  China wasn't an economic power not that long ago either, those changes and the internet were bigger than whatever adjustment is happening now.  In some ways, the supply chain correction was long overdue.  Covid exposed a vulnerability that needed to be addressed anyway.

So I'm choosing to expect that the bumps will be sorted out, some businesses will fail, some will rise out of nowhere, others will remain strong and shares of those will climb from these lows.  Because the alternative is that you should sell your stocks, buy a cabin in Maine with solar panels, a windmill, a well, a woodstove and a crap ton of non-perishable food and hope for the best.  I don't think a Great Depression level event is coming. Europe is somewhat FUBAR, but sanity on energy seems to be returning, if slowly. They've got big food issues though. That's another lesson they can learn from.
[/QUOTE]

Verification

First name of men's bb coach