It’s little comfort to those whose 401ks and investments have been decimated by the recent declines, I know.
But here’s a little counter programming from what you see in the news.
The Dow Jones even after Thursday’s close at 21,200.62 is still nearly 3,000 points higher than it was on Election Day, Nov. 8, 2016, when it was at 18,332.74. That means your stocks are still up 15.6 percent since Trump was elected.
That’s mediocre over three and a half years, but it imparts at least a little perspective. The market has made incredible gains since Wall Street became aware that Donald Trump would be president, and since he assumed office.
The Dow could decline still further. But once the sweeping fear over this virus has abated and the economy begins to bounce back from what may well become a recession, your money will be back.
It feels like everything is falling apart, in the same way just a few weeks ago, investors felt untouchable, and it was hard to imagine the virus would devastate our society and upend our daily lives.
When you’re well, it’s hard to appreciate misery of being sick. And when your sick, it’s hard to imagine being well. Today’s fear and uncertainty will give way to optimism and sunny times again, even if we can’t see it. And the market will be back.