As I begin this post, it’s 4:30 in the morning. I’ve been awake since 1:30. I’m usually a brilliant sleeper. I close my eyes and 10 and fall asleep instantly, and then I wake up at 5:20 a.m. with no alarm and get my day started. Not this time. It’s been too crazy.
Think of what’s transpired. Last Wednesday, the market was at the highest levels in human history (which is a little peculiar, since the whole “virus” thing was well known and spreading fast). Yesterday, we had the biggest drop on the Dow in human history. Added to which, this has been the shortest 10%+ drop in equities in human history. Absolutely incredible.(more…)