This podcast is produced by KPP Financial, Steve Peasley President,

KPP Financial, Independent thinking, shared success.

And now today's podcast.

Good afternoon fellow investors and welcome to Invest Talk. This is

our Thursday, March 12th, 2020 edition of InvestOff and you know the coronavirus threat is really turning everything

upside down and the market is really suffering a crisis of confidence and you know we dropped today the most in

nineteen eighty seven

uh... percentage terms

and we've turned uh... uh... very strong bull market into

uh... very strong bear market in the matter of weeks and you know

this is this is something that I think is going to be with us for a while now what I I will say, let me give you the pros and the

cause. I always talk about that. You want the pros, understand the pros and

understand the cons of our current situation at any time, right? I've talked about for many years now how the market is being

fueled by that money printing and liquidity injections by Central Banks and that was in a lot of ways artificial.

You're seeing how quickly that artificial evaluations can come undone just simply with a catalyst.

And certainly the catalyst is rough.

I've seen that last night with the news of NBA canceling their season.

Now, pretty much every sports league in the country is canceling their season or at least postponing their season and major events, concerts, conferences, and this is going to create a major, major economic headway.

Okay, so that is why the market is reacting.

It's those two confounding issues that the market itself was on ify footing because it wasn't

based on you know really a sound economy it was based on zerps, zero percent interest rates and money

printing.

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