COVID 19 Rocks Markets… Michael Douville

Ecclesiastes 7:12 For the protection of wisdom is like the protection of money, and the advantage of knowledge is that wisdom preserves the life of him who has it.

March 16, 2020: The stock markets were down 12-14%. President Trump expressed concern the COVID 19 response may take until August 2020. Markets did not respond favorably. This was the largest point less ever on the Dow Jones Industrial.

President Trump issued “15 Days to Slow the Spread”.

https://www.whitehouse.gov/articles/15-days-slow-spread/

Here are the latest headlines with COVID 19

  • Crowds larger than 10 are not recommended with social distancing.
  • Schools across the United States are closing.
  • Social gatherings at theaters, restaurants, and bars are closing.
  • Oil drops below $30 per barrel.
  • San Francisco Bay Area orders residents to “shelter in place”.
  • 162 countries affected
  • Global cases at 183,000+
  • Deaths at 7,164
  • Italy cases at 27,980
  • Italy deaths at 2,158 (7.7% morbidity rate)
  • United States cases at 4,667
  • U.S. deaths at 87

San Francisco Mayor London Breed

Michael Douville has weighed in and expressed his thoughts. As always, Michael provides a common sense approach with practical advice.

One of the advantages of getting older are the episodes of Life we have been through. We have seen this before. It will be scary, it will give sleepless nights, but we are all going to come through this and be Fine! There will be stock rallies to help raise cash and there will be opportunities to buy other Investments.

We are all going to be FINE!! This will be Scary! There will be TURMOIL! This should lead to the Explosive Phase of the Real Estate Market. Remember, Real Estate is a separate asset class.

Check out Michael’s comments on the impact of the Coronavirus COVID 19.

www.michaeldouville.com

For COVID 19 Statistical data, click on the links below.

https://www.worldometers.info/coronavirus/

https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#

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