We were four days and counting without a down day and 1 out of the past eight days. While that’s not unusual, it was the way we did it. Financials rallied over 2% while big cap tech names wilted. At the end of the day, the market is a group of 5 companies that have exhibited strong correlation and too big for any sector to overcome.
“How fast do you think the economy will recover?”
Now here’s the rest of the news:
Jim Pearce, chief investment strategist, Personal Finance, was asked:
I believe full economic recovery from the coronavirus pandemic will take much longer than the stock market’s recent behavior would suggest. In April, the unemployment rate soared to its highest level ever since it has been tracked going back to 1948. At the same time, economic productivity, as measured by gross domestic product (GDP), fell at its steepest rate since the depths of the Great Recession 11 years ago. Enormously disruptive macroeconomic events like this one have very long tails that drag on for years, sometimes decades, and are impossible to predict. I believe the stock’s market V-shaped recovery thus far is actually the ﬁrst half of a W-shaped recovery.
If so, another V-shaped pattern should emerge over the summer that could be just as severe as the ﬁrst wave, especially if second quarter results are worse than feared.
June 05, 2019
There’s a quote out there by Maureen Dowd that goes like this:
“The minute you settle for less than you deserve, you’re worth less than what you settle for.”
Riddle: ‘Of all the things in the world, which is the longest and shortest, the quickest and the slowest, the most divisible and the most extensive, the most disregarded and the most regretted, without which nothing can happen, which devours everything that is little, and gives life everything that is great?’
“The answer is time.¹
To someone who is building a following, these words should strike a chord! Companies and their employees face similar challenges. If someone expects to stay in the game, they have to be able to make rapid adjustments. Fortunes are made and lost by those that disrespect the importance and power of time.
If you want to increase your signups by 30%; or said a bit differently…
The Best Way To Close Your Network Marketing Prospect
…is with a phone call – not by leaving a message! I fully believe that you will lose out on somewhere between 20% to 30% of the people you could have closed had you gotten on the phone with them.
- The #1 reason that I was always wanting to get on the phone with a person is, in my opinion, it is the most effective.
- The #2 reason is, I wanted to qualify them. I wanted to see if they were someone I wanted on my team. Is it a fit?
- The #3, #4 and #5 reasons are, ’cause I’m worthy of working with fun people that are great to be around. Posture and Respect are 4th and 5th – and must work both ways!
You have a fabulous … rest of the day! 🙂
¹Nothing is longer, since it is the measure of eternity. Nothing is shorter, since it is lacking in all our plans. Nothing is slower for him who waits. Nothing is quicker for him who enjoys. It extends to the infinitely little. All men disregard it. All men regret the loss of it. Nothing happens without it. It makes forgotten everything unworthy of posterity, and it immortalizes the great things.”
“Killing time isn’t murder; it’s suicide.” —Harvey Mackay