I know world events don’t conform to an annual calendar, but doesn’t it feel like the sky started falling the second the clock hit midnight on Dec. 31, 2019?
The world has definitely changed, that’s for sure. And it’s likely some of those changes are permanent.
The world has transformed from comfortable to confusing and dangerous.
We’re staying home, and when we do go out, we’re covering our faces. Airlines are grounded, hotels are empty and cruise ships are stuck in port. And the worst part: Friends and relatives are getting sick; more than 160,000 of us have lost our lives.
We’re also witnessing the biggest economic contraction in modern history, with millions of Americans out of work and businesses dropping like flies.
And yet, the stock market is hitting new highs, and in some places the housing market is likewise on fire.
How can this possibly be?
That’s what we’re going to talk about today: why the stock and housing markets are seemingly detached from the economy and, more important, what we should be doing next. Is it time to buy? Time to sell? I’ll tell you what I’m doing with my money, and why.
As usual, I share the broadcast booth with longtime financial journalist and fellow podcaster Miranda Marquit.
Sit back, relax and listen to this week’s “Money” podcast!
Listen to our latest ‘Money’ podcast
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Want more information? Check out these stories:
- “7 Tips to Help Retirees Ride Out the Coronavirus Stock Market“
- “9 Tips for Sane and Successful Stock Investing“
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A podcast is basically a radio show you can listen to anytime, either by downloading it to your smartphone or other device, or by listening online.
They’re totally free. They can be any length (ours are typically just under a half-hour), feature any number of people and cover any topic you can possibly think of. You can listen at home, in the car, while jogging or, if you’re like me, while riding your bike.
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I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
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