Housing will face other issues going forward as the baby boomers end up leaving the market and demand for property by foreign investors drops dead after Corona. Sadly there are a lot of houses sitting vacant as investments which is just tragic.

He got his money from finding people to rip off. That is buying businesses from widows when their husbands died. Then he bought insurance companies so he could find the people to rip off faster and get more. Then he invested it and looked for good deals. It's not as hard when you have a lot of money and don't ever have to sell. His calls were good as he focused on companies that generated free cash flow and dividends. However, what matters a lot is how you made your money first and he got his as dirty as many other rich people.

He is no saint as is Bill Gates or others who get rich being very bad and then try to act like saints later and expect people to kiss their feet.

Mondays tend to be good Fridays Bad during periods of dynamic change. Unless they follow, be careful reading too much into them.

Sadly the high cost producers who were losing money at 2x the current price are still pumping thanks to banks that won't accept the loss and keep lending. These banks must realize their losses and stop. It will only get worse. As for Russia and Saudi Arabia, they should come to an agreement asap unless they want to bankrupt their government. Sadly too many countries rely on oil revenue to cover their spending. Everyone needs to agree to drop oil production significantly or end up selling nothing as storage disappears. The US will undoubtedly drop oil production as unprofitable small oil companies are forced to accept the fate of all companies that continuously produce things at a loss, even if they get financing to keep operating for years.

No one wants to hold extra risk over the weekend. Can you blame them?

Very true, banks are not interested in lending unless you are willing to pay credit card rates. This has been true for quite some time and is why banks sell your home loan as fast as they can to Fannie Mae, Freddie Mac, or anyone who will take it as fast as they can. The risk is not adequate to the rate and is why lowering rates that are already low don't help much in creating more monetary expansion.

Actually, if the Federal reserve found a way to force down credit card rates it may encourage more spending on the lower end of the income bracket because its clear that the upper end of the income bracket isn't affected much at all to borrow anymore.

The market will live, however, the US is managing the crisis worse than almost every other country. Unless we get our act together what should be conquerable will be increasingly hard to do. The market has already taken a lot to account except for if it keeps growing in the food industry. We must take extraordinary national measures to keep this from spreading. Energy will bounce back eventually since it is a partially artificial crisis caused by Russia and Saudi Arabia. The food industry may get hit more as the virus spreads into our farmlands.

The way the US is handling (or better put, not handling) the corona virus we may have the problems linger into 2021. We were too slow to react and there still isn't enough testing, proper quarantining (having positive results stay at home voluntarily just spreads it), and there is no national stay at home orders. Even those with such orders have had people going to beaches and having mass get togethers. It will continue to get worse until proper actions are taken seriously.

Although the market has taken a lot into account worry will persist as long as it becomes self evident that nationally we aren't doing enough to insure we have needed goods to fight the virus, have enough testing to get a handle over things, manage those infected properly, and take stay at home, cleanliness, crowd controls, and keeping the right distance seriously. In the meantime it is getting worse with not enough medical staff, clean medical clothing, it spreading to farming, and police getting ill. Invest in what will live. Internet related businesses, medical supplies, robotics, power, etc. I'd say food except it will be hit even harder by the time its over. Oil has been hit hard and may recover along with power. Get rid of junk even if the government supports it like air travel, hotels, business real estate, military, casinos, insurance, etc. Now is not the time to diversify or to passively manage.

This is a medical crisis and continues to become worse as long as federal responses are on pause and/or slow to respond to this. In the meantime the US is becoming the country to have the most infected and our medical system is going to be over run even if the cases come in slower. It is not an if but a when. Until the medical aspect of this is dealt with correctly we can not fix the economic implications.

It is like trying to help someone who's drowning. You need to prevent them from drowning by getting them out of the water before you do CPR.

The fact it survives outside bodies and can be picked up and enter your body makes it much more scary and probably much more contagious because you can get it from a doorknob. It is true it must enter your breathing passageways to contract it, however, that is how you get most diseases.