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Never in my lifetime could I have imagined an event like this.
Just a few months ago, COVID-19 hadn't even been named. It was simply considered a different strain of the flu. Today, it's a worldwide pandemic that has taken over the globe, eclipsing tragedies and disasters like 9/11 and the financial crisis of 2008.
Based on the numbers coming from the Centers for Disease Control and Prevention (CDC), this pandemic should run its course by the end of July if it continues on its exponential trend.
But that's more than three months away. And already, at its lowest, the market fell 37%, breaking all the wrong kinds of records.
Trading has been halted multiple times. Stocks have seen their worst days in history. People everywhere have lost a ton of money.
Yesterday's bounce was welcome – but we're not in the clear. If the CDC has anything to say about it, we're just getting started. We could be dropped into a recession any day now, and the panic is evident in the up-and-down movement of the market.
The word "recession" is scary. But it's not the end of the world – not even close. In fact, you could come out of it even stronger than you were before.
See, the stock market is typically two to three months ahead of everything else. If the pandemic lasts through July, then I expect the market's bottom to hit by the end of April.
Now, the move higher from there will be slow. It could take until the end of the year before the market begins to rise significantly. But don't wait around – there's a lot you can do until then… Full Story