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

KPP Financial, Independent thinking, shared success.

And now today's podcast.

Good afternoon everybody and welcome to Invest Talk. This is our Monday, March 16th

2020 edition of Invest Talk and I thank you all for joining me today. It's been

uh been quite the day definitely and you know this is a market that is coming off a big dose of reality and the reality is is that after years of Central Bank intervention, Central Bank stimulus,

we're now in a market that is working off those excess and doing it in a quick fashion.

If you ever read the book, Anti-Fragul by Nacin Touli, this is the type of reaction that

you get from what would be considered a low volatility environment.

Low volatility breeds, eventually high volatility once you get a catalyst.

And clearly we have a catalyst we have a very strong

catalyst and therefore you're getting a very strong reaction, the economy has been given a big dose of... I don't know what you would call it. I guess reality is what you would call it.

You know the past couple weeks have been quick and sudden.

And we're now near some big, big support in the market.

So we're at a crucial stage here. You know we're working off of a bubble

in indexing so those who were invested in a robobo-advisory services and forced into

index because that's all their 401k offer.

They're suddenly waking up very quickly to an environment where they didn't expect.

They had never expected right because the whole mantra was always just by the

index, just by the index. And we're no longer, or you're starting to see the fact that equities of all kinds, whether it's an index or not, can have large

swings in volatility.

And even though you hadn't seen it over the past 11 years, they do happen and they were always

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