March 2, 2020
The average decline for stock market corrections is about 13.7% and they last around four months- unless, of course, they become bear markets, characterized by a dip of 20% or more. CNBC, February 27, 2020
“The thing that is helpful is not watching TV or reading social media.” Barack Obama
Since World War II, the average gain in the fourth year of a presidential term is 6.3% and it’s up 78% of the time. The price gain is even better, with an average of 6.6% gain, if it is a Republican seeking re-election, and the market has been higher each of the six instances of this since WWII. CNBC, December 27, 2019
Two-fifths of people know the access code to their partner’s phone and a similar number (38%) know their other half’s favorite band but less than a third are able to describe what their significant other does for a living. CNBC, February 26, 2020
Every 1-percentage-point reduction in interest rates reduces federal borrowing costs by at least $1 trillion over a decade. Real Clear Politics, January 28, 2020
Jeff Bezos has bought the Warner estate in Beverly Hills for $165 million, a new high for a home sold in California. The 9-acre property cost the Amazon boss 0.13% of his net worth, equivalent to someone who earns $68,000 a year spending $88. The Week, February 28, 2020
“Every once in a while, the market does something so stupid it takes your breath away.” Jim Cramer
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