Hey there, and welcome to PSA Thursday.

This is a series of bonus episodes that we air ostensibly weekly,

ish, in which we talk about how to navigate your way through pandemic life.

How do you manage your work, your daily budget, and your investments in the midst of this uncertainty?

We've all experienced rapid change that's affected every aspect of our lives from our work to our wallets to our health.

We're living in a world that was completely unimaginable two months ago,

and we're trying to handle increased responsibility in a time of high anxiety and high uncertainty.

These weekly ish PSA episodes are one of the many ways in which I'm hoping to help this community

and help myself make sense of how to manage our limited resources, our money, our time, our energy

in the context of these rapidly changing circumstances.

And today, we're going to talk about the stock market.

Why did it crash in March? What affected that have on us?

As a society, why has it rebounded in the middle of a shutdown? What does that mean?

Is the market behaving rationally? Are valuations too high relative to earnings?

And most importantly, what do you do about it in your own financial life? How do you handle your own

investments, your own retirement savings? At a time when the movements of the market seem irrational

and unpredictable, and at a time when a reasonable person could argue a case that supports either the

idea of an imminent recovery or the idea that this recession could turn into a depression.

A person could reasonably make a case for either of those ideas, and both of those projections

would have support. So how do you handle your money when the range of possible outcomes

is so wide? That's what we're going to discuss right now. And for those of you who are tuning in

for the first time, my name is Paula Pat. This is the Afford Anything Podcast. Welcome.

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