The lockdowns predicted in yesterday’s video update are already starting to happen.
Italy, Spain, New Zealand, Northern Ireland, Israel and a growing number of countries are locking down their borders and tightening restrictions on movement.
More and more US states & cities are banning public gatherings and forcing closure of non-essential businesses. Rumors of a coming national curfew circulated this morning.
Meanwhile, grocery and pharmacy shelves are being stripped bare . Even the slow-movers are now panicking.
A similar panic has gripped investors. The stock market is experiencing a historically vicious sell-off — after falling 24% by the end of last week, the Dow is down another 13%(!!) today.
So far, no matter what the Federal Reserve and world government’s have pledged, the market hasn’t been convinced it will be enough.It’s a global fire sale; investors want the safety of cash. And they’re selling everything to get it.Such is the psychology of crowds. When the herd is spooked a stampede ensues.
And this is with less than 4 thousand confirmed coronavirus cases in the US. How will the herd react when that number is 4 million?
When the panic is raging like this, narrow your focus on doing what it takes to keep yourself and your family safe. In the big picture, that’s all that truly matters.
And if you haven’t read them yet, the coronavirus preparation megathreads available for free on PeakProsperity.com are a great resource for preparing for lockdown:
- Coronavirus: Sanitation, PPE and Self Quarantine Megathread
- Coronavirus: Medicinals, Herbals and Supplements Megathread
- Coronavirus: Home Prep, Deep Pantry & Gardening Megathread
If you’re one of the many new readers here on Peak Prosperity, be sure you’re up-to-date on developments with the coronavirus. All of our latest covid-19 video updates, podcasts and articles can be accessed here for free.
And here’s a brief list of the more recent material that Chris and I have published for our premium subscribers, to give you a sense of what’s behind the paywall (free executive summary, enrollment required for full access)
- Why Your Family & Friends Aren’t Taking The Coronavirus Seriously Enough
- Why I’m Ramping Up My Coronavirus Preparations
- A Resilient Defense Against The Coronavirus
- How We’re Personally Preparing Against The Coronavirus
- Positioning For A Market Downturn
- Our Recommended Pandemic Preparations
- Chris and Adam answer PP reader Q&A:
The post Coronavirus: Public Panic & Market Carnage appeared first on Peak Prosperity.
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