Dow plunges 1,500 points on Fed economic warning and fear of a 2nd wave of COVID-19.

[Warpy]

8. Panic is the worst reason to make any decision

but especially a financial one. Oh, I fully expect the bargain hunters to be out in force tomorrow, there's still a lot of money they've looted from funds that were meant for Main Street to be squandered by the top.

However, I don't expect it to last. I also expect my income to start rolling off as the collapse of the demand side continues and Kudlow stands around with his thumbs up his ass, "I don't know what they want!"

I don't know if this will provoke the collapse. My feeling right now is that it's a correction and if it's allowed to proceed, the game will go on for a while longer. I do know that this will eventually collapse, that was assured by Big Dummy's tax cuts to the people who didn't need them, just to pump the market.