Hey Scoopers,
The recent market volatility gives investors a lesson about the merits of long-term thinking and investing. – more on that in the “Overall Market” section.
Beyond the overall market, a new battle has emerged. Grocery stocks are battling restaurant stocks in the coronavirus arena. Who is winning? — more on that in the “What’s Up?” and “What’s Down?” sections.
Oh, by the way, what’s the correct question to ask during the coronavirus-induced market turbulence? — more on that in the “Water Cooler” section.
But, first, here is a recap of what happened in the market yesterday:
Market Recap
- U.S. markets: All three indices finished Thursday in the red. Scroll down to the “Overall Market” section to read more.
- Cryptocurrency: Bitcoin’s price was hovering near the $9,000 mark by the end of the day on Thursday thanks to heightened network activity in recent days.
50-cent “Stealth ID” Stock Lifting Off
Just a month ago a “Secret $.50 cent Defense Stock” quietly IPO’d.
This new device — greenlighted by Trump’s Executive Order EO 13769 — combines AI and machine vision to end terror attacks and mass shootings…
Long-term Investing Mindset…
The doom and gloom news is widespread, and rightfully so. There are reasons to be worried about global health and its impact on the world’s economy. However, we are nowhere near the end of the world vibe of the media and the stock market.
Take a look at the 1-year return of the stock market in this chart:
Even with the recent decline, had you invested in the stock market a year ago, you would have grown your wealth. A long-term investing mindset prevails in the worst of circumstances.
