Dow Drops Almost 11,000(!) Points in < 6 Weeks 

If — If — the current stock market rally holds, the six weeks just transpired will qualify as history’s shortest — and most harrowing — bear market.

Think, “bungee jump,” but with billions of people around the world partaking simultaneously.

From its start on February 12, to its conclusion(?) on March 23, the Dow dropped a staggering 11,000(!) points, or 37%.

Medical Model

Unfortunately, the more apt analogy may be an economic stroke or heart attack.

Only once the patient — the global economy — is truly starting to convalesce will it be possible to take stock of the damage.

To expedite that, my suggestion is to emulate Stanford University (disclosure: my alma mater), and set up local Recovery Teams or Task Forces to speed the transition back to full economic health, and help mitigate the inevitable suffering.

Long-term, these same groups can transition to properly preparing for the next one.

Task #1: protecting the first responders in a pandemic — healthcare workers.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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