At the end of the first quarter of the year, stock market investors are counting their losses. The FTSE 100 index has fallen 25% since the turn of the year, its worst single quarter since 1987. The financial crisis of 2008, around the collapse of Lehman Brothers, ran for several quarters and should still be considered more severe. But, whatever your yardstick, 2020 so far has been brutal for equity investors, which includes most people with a pension plan.
Let’s hope so, with thousands of people dying now just for a moment there I thought we were in trouble.
Everyone outside of the public sector are toast, a bleak prospect.
Nope. More bad news coming.
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