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***Historian voice in documentary 50 years from now*** "...and the screwed it up! All they had to do was enjoy TV shows, digital streaming, video games, and order take out while sitting at home, and they screwed it up."

Wonder how many times we'll see Dr. Fauci in the press briefing room after an interview like this. I find him one of the most reassuring people on the federal government; not having his input for public consumption would be a loss. https://www.sciencemag.org/news/2020/03/i-m-going-keep-pushing-anthony-fauci-tries-make-white-house-listen-facts-pandemic

I live around the Germantown area of Nashville. Outside for some fresh air yesterday as I took a 30 min walk was a shut down farmers market, bicentennial mall with only a dozen or so other folks walking around, damage still visible from the tornado's that seem like forever ago despite it being less than a month, and businesses with signs on the door telling folks which delivery sites they could order food from in their last gasp to keep a cash flow going. Seeing the once vibrant economy of my neighborhood dying in slow motion is probably just as if not more depressing than anything on the internet and TV...but I need the exercise.

Making any panic moves now is the wrong decision, IMO. It will come back, it's just a question of when. I'm always dollar cost averaging no matter which way the market moves so I don't have to stress about the timing or any other trends I don't have industry access for. I made my monthly buy with cash on hand after expenses mid-March, and I'll do it again in April. I'm not saying we're done on the downswing just yet, but this very much can be analyzed in terms of market response once the bottom hits. The government in every instance of financial trouble has made it a priority to get the financial sector, then broader markets stabilized. From there, our economy has done the rest, and I don't see that model changing here, they'll just throw some direct cash on top of it. I'm not a fan of how they do it (corporate bailout with strings with excessive debt on top of normal operating debt), but for the objective they set, it works.

My biggest worry in all this is just how the landscape will look if enough small businesses are off the board. They really don't have the ability to withstand anything prolonged, and big business will scoop up that market share riki tik. Getting it back to small businesses will be difficult at best.

This is just my advice, so you're free to discard it. Take a bit of time to look at the DJIA, NASDAQ, & S&P 500 over the course of different economic plunges, and see how they recovered back to where they were before the drops. Don't panic, and don't let your guy sell you on any opportunities until your head is clear. I question your need to even have "a guy" when a total stock market index fund, and total bond market index fund can be more than enough for both a retirement and taxable portfolio. Index funds are your friend, and can be had without undue fees, or sales tactics along the way. You're 52. Unless you wanted to retire in the next five years, you're still in good position like you were a month and a half ago, even if all you can think about are stocks being where they were three years ago.

This could be bad as he'd be one of the more reliable votes against and trying to stop letting DOJ have those enhanced authorities they're reported to be asking for.

Never got into his music all that much, but won't deny he was a great artist of his time. Hope his family and friends find peace in their grief.

That's not going to be uncommon over the coming weeks. Businesses are going to be seeing a screeching halt to cash flow and that makes hard decisions axiomatic to a scary degree.

I'd imagine every regular ailment is going to have people second guessing themselves. This is/was the time of year when people get a little bit sick and move on with their lives if we weren't in the middle of in a paradigm shift on such things. Hoping for the best with your daughter and everyone in the home and it's just a normal seasonal thing.

California is going to beta test that whole lockdown scenario for us.

That and guns are what TGO is for!

There is a HIPAA waiver in place to get folks telehealth resources if you haven't seen it. You should see how much of it can be applicable to your practice. https://www.hhs.gov/hipaa/for-professionals/special-topics/emergency-preparedness/notification-enforcement-discretion-telehealth/index.html

Ruh roh...if we're already taking steps to avoid "breaking the buck" on money market funds, it's getting fundamentally broken, 2008 recession style, bad out there.

The Bank of Mom & Dad is going to see a lot of lending from local branches all over the country I'd imagine.

The bailout will most likely keep them from hitting bankruptcy, but it won't put passengers in the air.

If anyone wonders why there is such a rush to get cash directly into people's hands, this part of the Johns Hopkins Center for Health Security COVID-19 update I get daily should clue you into the ripples our economy could get hit with if we don't do something.

The airlines need a bailout? Sure, critical infrastructure, essential for wartime scenarios to move troops...of course we'll make sure they're operational. But management and shareholders shouldn't get anything resembling a reward out of it. We should squeeze them through strings attached just as hard as they've squeezed travelers with baggage fees, preferred seating fees, shrinking seat sizes, overbooking, having to transfer planes at LaGuardia and Atlanta...all while spending 96% of their free cash flow on stock buybacks over the last decade. Maybe I'm wrong here, but I'm punitive when business tries to socialize loss when gains were quite privatized. Oh, on the COVID-19 front, my work from home adventure starts tomorrow...would have been sooner, but I was part of the rearguard getting others set up for remote work. Guess it's time to start eating some of this food I've been accumulating over the last few weeks.

I think we've all seen the medical stories coming out of Italy, and they're bad. Life is probably as interrupted there as it has been since WWII. For those who are into the ripples that could hit our markets, check this out and use the "we're 1-1.5 weeks behind Italy" logic to see what may still be headed our way financially. https://tradingeconomics.com/italy/stock-market

Another year (a wild one at that), another renewal. This site has been a joy to be a part of the last six years, and I hope for many more.

Would have loved to take advantage and consider a home purchase...but my porfolio is down 20% in the last few weeks. So it takes a pandemic to bring you out from under a rock? Good to see you posting, thanks for the link!

Bout damn time. I hate it for those business owners and their workers, but it needed to happen. The amount of people that party on Broadway, then go back home miles away within our state, and to other areas all over the country as well, is contagion defined.

I think the NRA made a logical decision in the face of events unfolding, and threats on the horizon with regards to COVID-19. I also think WLP didn't need much prompting to extend his time in hiding, and could use this unplanned dwell time to circle some wagons and pull any number of shenanigans if the crisis affords him an opportunity. The may is a bureaucratic knife fighter if nothing else. The true losers are the businesses and workers of Nashville who will be struggling from not servicing this event and any others canceled. Times are going to get tough for those who own small businesses, and hourly workers that are the backbone of an urban workforce. Also. NRA members who will have to put up with WLP for a least a little while longer are losers in this too, but they've been stuck with him for quite a while, so a few more months won't be too impactful.

No kidding. I'm a millennial, but anyone can search for the Gun Owning Cooks thread and realize I'll be just fine as long as I have a hot stove and some ingredients.

I went to the Publix in the new Capital View area of Nashville yesterday. It looked like I'd imagine Rome did after the Visigoths left after the sack in 410 AD. A lot of the staples were gone, milk, eggs, but so were frozen pizzas, which makes sense as they can last a while. Ironically,if you actually know how to meal plan and cook, there was still plenty to be had. I went ahead and picked up a 6.5lb pork shoulder at 33% off, and a few packs of andouille. Between those, the rice I already had in the cupboard, along with my spices and seasoning, I could eat well for weeks. I'll try to buy some ground beef for meat sauce and chili, as well as plenty of chicken thighs that can be made into plenty of things when the shelves fill back up, and before the next panic wave and keep it frozen. I'll be set for a good while then.