Back to episode — Episode 848 Scott Adams - #WuhanVirus, Trump's Nat'l Address, Tom Hanks, Stocks, Bitcoin
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y things, you know let's say when things go back to normal, what happens with the people who have extra money? Do they spend it extra fast or does it become part of their permanent savings? If the people who actually gained money during this, and I might be one of them by the way so I'm a perfect example. As far as I know at least in the short run my income will be roughly the same because you kno…
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Oh by the way all that cash that came out of the market that's got to go somewhere right? People don't sit on cash in the long run. It's not a thing. Nobody does it. It won't happen. So all of that like trillions and trillions of dollars that just people took out of the market they parked it somewhere. Where's it going? It doesn't disappear. It just moved. And as long as it's still there it's gonna move back when these do. So here's the long story short that you're gonna see a recovery that happens so fast it'll make your head snap. So anybody who's not in the market when the turnaround happens because it's probably gonna be like you know just two or three days the whole world is gonna say well it's back it's back it's back get in get in get in. So when it turns back up you're gonna miss a lot of gain as it goes up. So it's not the time I would be out of the market but I'm not gi
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ving you financial advice. That's all I got for now. Oh I'm overtired. Let's go back to our day and you have a good day.
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