History in the Making – Coronavirus and Circuit Breakers
Last week I was in Atlanta for a 3-day conference. I flew out of Colorado Springs and noticed three or four facemasks on the plane. There was not an empty seat on the plane. In the Atlanta airport, there were a few more masks but it was rare and Hartsfield was as busy as ever. Returning on Thursday night it was a similar experience.
On Sunday evening I began to not feel well. It seemed like a cold was starting. On Monday morning it was obvious that I was not well; sore throat, coughing, runny nose and losing my voice. It did not get better during the day.
We made a tough decision to cancel our Social Security dinner workshops that had been long-planned and to be held at Glen Eyrie. I’ve never had to do this before.
With the news keeping the coronavirus continually in front of you, of course, the thought crossed my mind. The good news is I didn’t have any breathing issues.
As I write this on Wednesday I’m still at home and feeling better. Hopefully I’ll be back in the office on Thursday. With technology I’ve been able to keep up.
Angela has had me ‘quarantined’ downstairs for the last two days. Not fun. I can’t imagine what 14 days would be like. And, even worse, stuck in your bedroom on a cruise ship knowing many others on the ship are sick. What a mess.
Also on Monday, oil and COVID-19 fears drove the markets to hit circuit breakers (temporarily halting trading) and end the day with the Dow seeing the single largest point drop in history.
Today, the market continues with reckless volatility. The fears over COVID-19 are growing. Oil issues aren’t resolved. The election is eight months away. And, many other similar issues could be added to the mix.
We’ll continue to monitor each of these issues day to day and adjust accordingly. If you have questions or want to talk over anything that’s happening in your life financially, please call me.
