With over 20 million unemployment claims, the markets are trying to shrug off the Covid19 pandemic and look toward better times. Not sure if that’s going to fly but Main Street is hurting bad.
Everywhere I look, small businesses are shuttered. Some friends are out of jobs and everyone is adjusting to the ‘new normal.’ Except this is NOT normal, it should be called the ‘new abnormal.’
I don’t trust this market ‘rally’ one bit and I believe the market has more room to fall. Only time will tell but when I started this blog the 2008 financial crisis hit. Real Estate and the markets imploded back then and things were really bad. I thought it couldn’t get worse but boy, this just feels even worse.