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MarketWatch/Shawn Langlois
“What we have now is really two epidemics. We have an epidemic of the coronavirus, but we also have an epidemic of fear based around a narrative that is not necessarily keeping up with scientific reality. And, this narrative has been quite striking. It’s a dangerous time for the stock market.” – Robert Shiller
USAGOLD note: Schiller’s assessment appears a statement of the obvious, but to a large extent even the warnings of a Nobel laureate are a cry in the wilderness for the majority of investors. Most, in fact, are staying put while the fund managers scramble for the safety of bonds and gold.
Repost from 3-11-2020