Is the Stock Market Irrational?

[@EcstaticWaffle204]

I actually like this video. Most "stock" market videos I see, is either someone screaming at you, or lecturing you, thinking they know better. But I like how your video is more informational without the "superiority complex" that I see from other videos. It's a breath of fresh air, thanks!!

[@ChocolateMilkCultLeader]

Shoutout to such great channels for carrying my financial education

[@markwilliam7891]

One thing is notice about bitcoin and forex is good news and bad news.

[@chrisfrank2768]

Felix is the idiot who doesn't understand why the stock market is in the rise now and the one who would buy at the end of the rise when the largest profits are always taken,and then he finds out he is a dumbass.p

[@anitavalencia6456]

I tried placing my trades all by myself but ended in a messed situation. I will advise you place your trade under an expert who knows how to handle the trades very well and of course a reliable one

[@michaelmilky9979]

Tired making some good returns from crypto but lost $2500 already😡😡

[@andrewjackson7064]

If got no professional skills and experience in trading and you want ahead to invest lol trading for one self is like gambling

[@kroatoaneight-four]

Correction: the Feds has been pouring TRILLIONS into the economy, not billions

[@teksgeroi]

Pouring of money is clearly the biggest reason. World wide the number is already over five trillion. Big question is, is this the new norm or will there be payback time

[@prolarka]

@@teksgeroi the people who kept their money uninvested pay the price.

[@TwoCentsPBS]

Fun fact: trillions are made up of billions. We said "billions" because a strong case could be made that all of the recent Federal relief isn't exactly "going into the economy", but certainly a lot of it is.

[@factsverse9957]

@@TwoCentsPBS Exactly. The possible correction should have been "not only billions, but trillions." However it's actually not going to the economy, just bailing out companies, right? Hundreds of billions are given to families in America.

[@aaronjensen4015]

@@TwoCentsPBS if not the economy then where?

[@sandiii_ramiii]

Soooo what you’re saying is....”the stock market is not the economy!!” Thanks for always making awesome videos 🤘🏽

[@PracticalPersonalFinance]

Wait...so you're telling me Donald Trump has been misrepresenting the economy all this time?

[@saasda6255]

Are you being sarcastic

[@ethanmuhammad1237]

At this time Tradin Btc should be your Priority

[@ethanmuhammad1237]

Ignore all the Naysayers

[@ahmjanahmjan7654]

How

[@trevorboivin4639]

The market’s value is based on how people perceive the economy to be, not how it truly is.

[@sedonars1]

The market's value is based on how much $$$ RICH people perceive the FED will give them next month!

[@shadow7988]

@@sedonars1 Pretty much, lol. It's a completely rigged system. Grease the right palms and you become a permanent institution overnight that can no longer fail. In good times you win, in bad times you still win. Privatize the profits and socialize the losses, and then lecture the populace you just robbed of trillions about 'fiscal responsibility'. Oligarchy is fun.

[@EB-du3vh]

Investor and customer confidence are high. And trends are backing that confidence for now

[@electricv564]

Facts

[@shadow7988]

@Luís Andrade Moron I pay more in taxes than most people make in annual income. You're a 'useful idiot' running defense for people that shorted stocks and sold their portfolios in january because they knew they'd do a lockdown before they told anyone else about it. You're actually defending 10 trillion in tax money, let alone printed fiat bs from the federal reserve, being thrown stipulation free into the stock market and banks. Your shitty S&P index retirement fund isn't going to be worth jack shit when the government is engaged in insider trading and is intentionally suppressing wages in the country through bullshit pandemic lockdowns and mass immigration and H1B spam. Enjoy being stuck working your entire life with no retirement, no benefits, and being taxed without any actual representation as a modern day serf. If 90+% of the country can't even afford a home or retirement in 10 years, then what fucking good is your shitty 19% middle class share of the stock market? And also on that note, how fucking stupid do you have to be to blame the massive transfer of wealth on welfare recipients, while also arguing in the same breath that the entirety of the country should dump several generations worth of tax revenue into the stock market as investment welfare for boomers and older Gen X to protect their retirements at the expense of everyone else? 30% of the US debt was accrued in 2020 alone because of this brainlet move and you want to talk about fiscal responsibility, lmao. All it was was transfering wealth and economic opportunity from your current/future kids and grandkids to people that are already at the end of their lives and financially secure. They're the ones that are going to be dealing with the brunt of permanently suppressed wages, unending cost of living surges, and hyper inflation while their own attempts at investment and retirement funds just get scammed and shorted through politicians conducting inside trading and artificially kicking in dips to profit off of economic collapses.

[@moonrider997]

My humble hypothesis is that for the last decade we have been bombarded with stories of people who got fabulously rich by buying at the trough of the 2008-09 financial crash. Hell, every personal finance KZbinr repeats (and rightly so) that people should not sell their holdings during a recession. So people, following the advice, avoided selling their assets when the first downturn appeared and even new ones joined, expecting a large upswing in prices when recovery starts. I can actually see this creating a bubble further down the road.

[@tiendoan1333]

A lot of PF KZbinr I knows have been going against their own advice and sold stocks. Beat the Bush and Graham Stephen seems to have sold

[@investingwithwilliamtherob2834]

@@tiendoan1333 Graham Stephan didn't sell. He didn't have much stocks in the first place. He recently bought up to 3 percent of his earning in stock.

[@emmadelavictoria1650]

Agreed!

[@parkourbee2]

@@paulnelson5539 I find it interesting that your channel as well as Sarah's (the one surprised by and unquestioning of your results) are both less than a week old. That's all I have to say about that.

[@CV-nn7jj]

Aren’t we already in a hyper bubble in all categories?

[@greyhoundude6112]

Personal Finance should be a required course in high school. And your videos should be a integral part of the curriculum.

[@DietBajaBlast]

It's actually starting to be taught in more and more high schools

[@therogueflieger]

But are kids really paying attention? I graduated in 2015 and most kids weren't able to recollect what they learned that day.

[@BearMeOut]

Angry crowd is more likely to votes. Educated crowd is harder to be lied and manipulated by false narrative. Anything for more votes.

[@rayallen953]

If they do that, there will be less credit card spending which means less spending and businesses will have less revenue which means bad for the economy, big businesses will do whatever they could to not let that happen, one of the ways is by “donating” to politicians

[@SuperSupersoda]

All you need to know about this topic, from the Oracle of Omaha himself: "in the short term, the stock market is a popularity contest, in the long term, it is a weighing machine." The confusion is that the market is both irrational AND rational. It is irrational in the short run, but rational in the long run.

[@WaysToWealth]

“Markets can stay irrational longer than you can stay solvent.”

[@unknowninfinium4353]

Buffet 2020: Be fearful when others are fearful. Buffet" Those guys dont know the information I get but let then worship me.

[@naturalLin]

Here’s a quote : “price can remain irrational longer than you remain solvent.”

[@beverlymartin5837]

the stock market is basically a graph of rich people's feelings over time 🤷🏻‍♀️

[@mimireich]

regular people not doing this methods and often it skewed :(

[@TimothyWNugent]

Not really. It is more about manipulation of stock prices from short sellers. They make money on the trip down, and then make more on the trip back up. If you get enough people using this strategy, you can change the price of stocks 10% or more. Stocks recently are actually he opposite of what the business is doing. Disney came under investigation and their stock price went up 5% in a day, netflix had a good quarterly report and they dropped 12% in a week.

[@CasperFiles1969]

Elon's tweet literally dropped Tesla's stock price. Why?

[@MariaRodriguez-dx6sm]

It sounds like is going to be a ugly crash in 6 months

[@natureportal9285]

Not true I'm in the stock market and I'm not rich people invest cuase there smart and dont wanna work till 80

[@robertoaugustodasilva4069]

Thank you, Ryan Gosling!

[@Dima80F]

His name is Earl!

[@itamar_da_god5651]

@@Dima80F bruh

[@yousefomar4710]

Really nice content, I think the mistake most individuals make is logging on to youtube to get info on stocks to pick, without basic understanding on portfolio selection and risk tolerance.

[@amiraomar1927]

Yeah true the stock market is really liquidated , You need to learn how to read the price on any stocks you wish on purchasing, there's really no shortcut around it or better still look out for financial advisor and let them handle your portfolio/trading account and in the process you also get to learn a lot from them with years of experience.

[@amirabdallah4751]

I can totally relate to this. I have watched so may videos on the right stocks to get but I still end up making losses. I think the idea of a financial advisor handling your account is the best choice for me right now. How can I get across to a reliable FA?

[@amiraomar1927]

@@amirabdallah4751 You can do your research based on your preferences. I invest with Lorna Rose Sabbia tho a FA with efidelity investment. you could text her on teIegram: tradewith_lorna.

[@ibrahimkhalil1851]

I've come across this lady on a fox interview before but I never made out time to reach out to her. Didn't know she offered this services tho. Thanks for sharing

[@amirabdallah4751]

@@amiraomar1927 Thanks Lorna I appreciate, I hope she replies me I will be patient.

[@Gmagnani100]

6:32 that's the guy from the Onion News Network! Does anybody know where this footage was taken from?

[@smhsophie]

Just some broadcast in the 80s. He was a real newscaster for over 20 years before being on the onion.

[@OmegaTou]

There has also been a huge influx of retail investors, and with all the casinos closed some gamblers have turned to the stock market.

[@djayjp]

Did you watch the video...?

[@Alex-qn9og]

"Over the short term, the stock market is a voting machine. Over the long term, the stock market is a weighing machine."

[@itsjakewhatwhat]

Did anybody see Jim Haggerty @ 6:30? 😂 WTF!? He was a real newsman LOL

[@theguyintheback4714]

Love your videos! I will start relying on them more now that I graduated.

[@JuanManShow]

Just here freshening up on my financial knowledge after the Great Gamestop Rally of 2021.

[@thomashaas5965]

At 0:55 thats Downer theater right here in Milwaukee, WI

[@libertarian4323]

Short term the market can be emotion driven and irrational. Long term investing is driven by logic and reason. Invest regularly over the long term and you will do fine.

[@megoblks]

exactly

[@alexturlais8558]

So if I understand you correctly, basically in the short term prices are volatile and irrational, but in the long term they reflect a companies profitability and "real" value?

[@teemum.9023]

Stock price is not solely determined by how much others are buying and selling them. Please elaborate.

[@thaemaestro2981]

Cooperation bailouts and government propping up the investor class is the reason why the stock market is doing well.

[@rockstar-kp2jy]

Riots are good for the stock market lol

[@ottopotatum5775]

@@rockstar-kp2jy why

[@rockstar-kp2jy]

@@ottopotatum5775 causes large moves in the market. Good or bad, large moves are good for most traders.

[@MrZedblade]

I have 3 trading account. Account #1 - I sold nothing in 2020, but just kept buying more in regular intervals. This account is up 5.5% in 2020. Account #2 I panic sold some near the bottom but I did buy some back as I saw prices recover. This account is down 7.4% for 2020. Account #3: This account is 100% untouched in 2020, nothing bought nothing sold. This account is up 2% in 2020. Conclusion: Never try to time the market. Above all, never sell even when you're down and there's blood in the streets. Just keep buying at regular interval and let cost averaging do the rest. If you can't buy at regular intervals then leave it alone. Never panic sell.

[@BboyDaquack]

I'd say go a step further. Buy even more when large companies are "crashing". I threw a bunch at beoing a few weeks back. That's up 65% now. My Tesla from 2 years ago. Up 200%. I've never sold a stock, short of getting assigned with my covered calls. I'd say buy stocks that hold true value and have room for long-term growth. Hold on for the ride.

[@anacamga1]

You guys are amazing! The same is happening in Brazil now. Pretty hard to understand why, since pandemia is getting worse here. Thanks for the awesome channel!

[@md1264]

The stock market is not for gambling or short term growth. Historically, there have always been ups and downs. In the long term though, it always goes up. Ride it out.

[@aikirunner]

Too much focus on short term volatility. It’s not irrational to expect the stock market to be higher in value in the future. In the long term, we’re awarded for our patience and discipline.

[@nickbomtempo]

Nice video for creating a group of traders, trying to speculate with the market. The market will always be efficient but the companies that compose the open market maybe don't translate to the "real" economy.

[@kiane9465]

As someone had said, “The market is climbing a wall of worry.”

[@sabriath]

"The market is not the economy"....well that's just straight false. Although it isn't "efficient" at all, it's average bias directly tells how the economy is in a forward looking position. Basically, in March, the stock market fell because of the panic of covid and the possible shutdowns....but as soon as the stimulus was passed, the markets returned because they knew people would purchase stocks, and if HFTs left their marks too low, they would lose money trying to clear their books at the end of the day, so they set the marks higher. I purchased before the stimulus passed, so I actually made quite a bit of money. The markets have been somewhat flat, carried by CARES and the low interest rates, but even that money is still part of the economy. This creates an inflated price, and although the stores were told not to inflate their price of goods (hence the TP shortage along with many other items), the markets were not told to cap their sales.....so as money kept getting flooded in, the markets kept increasing. So yes, the market does show the economy, you just have to include ALL parts of the economy, including the supply of monetary policy. . As for why the market fell in 1987, it was a mashup of several things coalescing at the same time....which lead to regulations on the market going forward to prevent such things from coming together again, or at the very least, slowed stale numbers so that everyone can be on the same page when it restarts. It only lasted 2 years, so if we took the average, this was just a small blip in history.

[@Jcewazhere]

"The stock market is a graph of rich people's feelings" --Krystal Ball and others.

[@leekazuya1305]

if that's the case, I would love to have my feeling reflected on that graph : ) I heard that from joe Rogan podcast too, it was a great podcast. either way, I enter the market with the right mindset 7 years ago, I am quite happy with that decision. hopefully, in 10 years, my feelings will reflect well on that graph.

[@mixer8774]

Rich people tend to feel good.

[@nemesis962074]

I would love to see your take on the subreddit Wall Street bets

[@chuganator]

Stock market is manipulated. The goal is to pull money from retailers. There are so many shorters. So it's easy money for them to bring up the price and make money.

[@Solon]

Anyone who thinks that the stock market is rational should look at Tesla stock prices. There is no way that Tesla is worth more than VW based on numbers yet based on stock prices it is.

[@AlonsoEscalante86]

I got hooked to your channel. Your videos are simple to understand, with lots of valuable information. Thank you for sharing all your knowledge.

Another great video! To summarize, people buy or sell stocks based on what they think the stock will do in the future. To paraphrase Warren Buffet- be greedy when others are fearful and fearful when others are greedy! As you said, those who buy and hold generally do better than those who try to hop in and out of the market based on trendiness. Those who hung on to their stocks during market declines were rewarded well when the market came back even higher than it was.

[@themaestro9527]

How's the little one?

[@TwoCentsPBS]

Little one is happy and thriving, thanks for asking. Currently obsessed with picking/eating/saying "tomatoes"!

[@rounakmukherjee1009]

Being an amateur trader, I can atleast tell that this is actually very common thing in the market. After getting some news and idea, we always think how the general people would perceive the market. That's why, in trading, the most important thing is to understand the psychology of other traders in the market. It is all about the way people thinks and not how you would think to a particular scenario.

[@PaulCz-h20]

Recent market drops have seen stupidly quick rebounds, like the end of 2018 and now, makes the whole thing pretty frustrating. I mean when the market drops a lot its good time to buy and dollar cost average, not all at once but a steady amount at a time. Here is hoping when it tanks next time it will chill down for a good long while.

[@Madferreiro]

The stock market will never reflect the economy if the goverment keeps bailing them out.

[@chadreshpatel2339]

That's called capitalising on profit and socializing on loss.

[@ashleyhood7479]

Y’all are so smart and cool! Thanks for breaking things down for us. You are the most enjoyable and therefore helpful finance people on KZbin. I really appreciate the empathy with how insane we all think some financial things are and your optimistic takes on stuff ❤️

[@TwoCentsPBS]

Thank you so much -- that means a lot to us!

[@djayjp]

Enjoyable=/=helpful. But yes they're good.

[@Stimulus7]

Thank you for such a helpful video! I've always had a tough time conceptualizing why stock prices mean anything at all, when it technically just reflects what someone is willing to pay for and not actually coupled to the company's performance

[@RS-hz4mt]

The way you put things on the table is amazing, great explanation, great timing, great effects, everything, pretty good and subscribing

[@johnnyaxelrod8673]

The Dead Cat Bounce of the Economy History Chapter: 2020 (March - September)

[@johnnyaxelrod8673]

@antler wyntraub I'll take that bet. The 2 trillion dollar loss last week will be a recurring occurrence. It will be bad, it's something that has not happened before, but it's not something that "nobody could've seen coming"... all the signs are there. Not thinking about it will not affect in anyway whatsoever what's coming.

[@adikyp]

Those 💪 though.. inside out dad is using the quarantine time to bulk up.

[@mariavalente6304]

So should I buy now?

[@sedonars1]

Ludicrous! Casinos have very strict rules, Stock Markets have none!

[@vjvarun3166]

Nothing lasts forever

[@MrKjet256]

So which stock to buy now that is undervalued?

[@_Forever555]

I wonder what Jack Bogle would say about these times we are living in..

[@unknowninfinium4353]

Invest In Vangaurd and sleep more peacefully than Value hunters and Bugfet fanboys.

[@gabealbuquerque1728]

Just found you guys and love it! Keep up the great videos!!!!

[@zerotoux]

The stock market is not irrational. PEOPLE are irrational. Predictably irrational.

[@llothar68]

Wrong

[@TheWonderingEnglishman]

Decent video - but a note in history on the 4th June 2020 the S&P Futures are currently at 3,140 - This market is overvalued due to the animal spirits Keynes described. The True Value is below 2,200

[@brettrobinson9713]

This rally is also driven by quantitative easing

[@BboyDaquack]

Aka print a shit load of money

[@Roadshot1]

What's wrong with hot or not?

[@jobelles87]

Do you guys have Podcast ??

[@mustafaaalmosawi]

This video aged like a fine wine.

[@folumb]

The Hertz stock price jump after bankruptcy filing demonstrated Thaler's hypothesis to me as well

[@nitinjadhav3917]

Stay in the market, By Staying Calm, Staying Collected. Awesome Video. Many Thanks

[@justintrinh3699]

Can you guys do a video for people who are in the military? Many of the things you talk about fit the lifestyles of most Americans. But I’d really like a video that’d help people like us. For example, gyms in our post are completely free, but buying a house is very unlikely for us since our duty stations change every 3-6 years and we can’t continue living in the same house for a long period of time. Almost 100% of the time, military personnel rent their homes if they are married. The necessity of a car if you are married is far greater than if you are single and live in the barracks. Food is free at the Defac, but if you use the Defac you won’t get your $300-$400 food allowance in your paycheck. We always get paid on the 1st and 15th of every month, we can’t choose any other way.

[@zacharyg7131]

Cuz money move to stock market

[@sudharshanchakravarthy7199]

Awesome video guys. Can you make a video on budgeting apps?

[@Priinsu]

Guy I work with got super interested in the stock market. And bought a bunch of cheap stock for a company that just went up in value and is worth over $50,000 now and rising in value.

[@james7145]

I have invested in equities over the years and made money. Its good to get "re-calibrated" on my own emotions on deciding what to buy (selling is easy) and how I might be influenced on how I might choose stocks.

[@joseluissosa2395]

Was the 1987 "Black Monday" news section from the Onion?!

[@Raja1938]

Don't think so but funny you should ask. That reporter, Brad Holbrook, later became an actor for the Onion News Network in the 2000s.

[@joseluissosa2395]

Raja1938 that’s why I asked! Lol

[@Dinosaur_News_Center]

Any chance you guys can provide subtitles in different languages? I feel like financial advice can benefit a lot of people living in the US, and not everyone can speak English. Those also tends to be the ones who could use some financial advice.

[@CptMole]

A tip, just pretend the numbers don't mean anything and look for patterns. Usually a stock tends to go back up once it reaches the previous low and vice versa.

[@nileshbhakre7050]

Stock market is not real measure of economy

[@theplaguecart]

You two are fantastic! I love this channel and always walk away learning something new! Thank you!

[@adilsiddiqui5022]

This is a very rational video during a time when markets are behaving in an irrational manner. Keep up the good work "Two Cents" !

[@SPQR_14]

I wouldn't even say it's "irrational," I would simply say it's manipulated.

[@KenTheAdventurer]

You know my theory is that billionaires colluded to sell their stocks as part of a sick joke or strategic savings move

[@animal7358]

Billionaires around the world

[@sp123]

Ken Belangel yeah, they do that to actualize their gains, then buy back when the price crashes.

[@adkjai247]

Food for thought: How many billionaire economist do you know who have made their fortunes from the stock market?

[@horia-adrianionescu5770]

@antler wyntraub Also Jim Simons

[@ynkybomber]

Dalio

Charlie Munger and a whole lotta Berkshire investers

[@tamilmanidigital]

Investors make money in stock market but Normal people Trade and loose money ..Waren buffet is an investor not a trader like avg Joe

[@uria711]

ABSOLUTELY LOVE the less makeup in this video. Natural beauty! You look AMAZING! (Not that u didnt before)

[@Tribi000]

You guys deserve millions of subscribers! Thank you for being my financial educator ❤

[@KickYouKT]

Can make a book recommendation video ?

[@ladasodaexplains3355]

The answer is yes, next video

[@dhvanantrivedi]

You guys are so informative and that too in a short time n in a simple way.

[@joelhosungkang9937]

Thank you for making high, great quality videos.

[@valeriesanchez3074]

The stock market doesn't care about your feelings.

[@djames693]

Irrational what? The markets can go anywhere they like. That is the only thing rational!

[@the_uncommonman]

You guys are just incredible!! N thanks for the knowledge

[@WallStreetMaster]

Love your videos. Thanks for the great work!

[@stefanoliver9529]

What. Stocks that have performed well recently tend to outperform. It's an analysed factor in markets called momentum. Plus finding a stratergy that outperforms by .1% a year over a very long term gives credance to the idea that stocks are efficiently priced

[@KeyboardSourceError]

What a nice channel you have here, thank you for the knowledge!

[@Benstyping]

0:39 so Amazon are gobbling everything up whilst we're unemployed?

[@SPQR_14]

Most people aren't unemployed, and the ones that are have been making more in unemployment/stimulus than they did working.

[@sp123]

RightRealist.com A lot of people who filed for unemployment in March just got approved.

[@stormix12]

Nice video! However I have a question 🤔 What about all the electronic trading?! I mean a large portion of trading is done by computers nowadays and you don't mention that in the video.. also how electronic trading works???

[@tiendoan1333]

The video is a massive massive oversimplification of the literature, so don't have too much expectations. If you want a REAL investing media, I heavily recommend the Rational Reminder podcast, and Ben's Felix YT channel.

[@natep6729]

Wow, this is very informative and very different from the other videos. I probably won't be noticed among the 300k other subs but I did subscribe today. thank you.

[@djayjp]

Great video and explanations/background, but I think there's a far simpler and more powerful explanatory basis: no one has perfect knowledge/is omniscient, so even if investors were perfectly rational (which they absolutely are not), stocks will never be priced correctly.

[@motim92]

5:00 This doesn't seem to be right. The momentum factor is a very well documented phenomenon that shows the exact opposite. Companies that performed well between the last 12 to 2 months perform better than companies that performed worse in the same timeframe. It is one of the factors that doesn't have a risk based explanation like value.

[@mr.sofcok7981]

no, the people in the market is irrational.

[@eilz1495]

The pandemic led me to u guys and Dave Ramsey. Blessings in disguise, I guess... (Srsly tho, the channel is dope!)

[@howdy6779]

You should make a video about Kiddie tax brackets and how to calculate it

[@avalosjohngibson172]

How bad is the stock out there?

[@analiseferguson3191]

This was a very detailed well put together video. Thanks for sharing.

[@MisterTutor2010]

Space Shuttle coupled to a Saturn V rocket, LOL.

[@duytdl]

6:31 Is that anchor Jim from Onion News!?

[@DarthRadical]

In the long-term the stock market is a scale, but in the short-term it's a popularity contest.

[@tiendoan1333]

Japan, China, Russia, Germany, Early France, Australia, and Greece would strongly disagree

[@nickgrant2940]

@@tiendoan1333 Why you say so? im interested in hearing other points of view

[@alexfernandez6621]

5 words. We are the stock market.

[@JP3C3]

Absolutely love this channel! Keep up the wonderful content!

[@SulferDragon]

I have a general issue with saying that the stock market is doing well. Perhaps some of the larger managed funds and specific ETF's are doing very well, but that does not consider the scope of the market as a whole. Many tech companies are excelling for obvious reasons. It is largely in part to those companies that the DJI and S&P500 are holding on so strong (just as examples). For that matter, many tech companies are well beyond their all time high right now. At the same time, there are still specific industries, ETF's and individual stocks that are performing absolutely abysmally. The positivity in the market is outweighing this vast downturn in other sectors. The JETS ETF is down nearly 50% over the past year, for good reason. Many retail chains are down near the same value. Many financial corps are down 30-50%. Restaurants, entertainment, travel, many other industries have declined value in catastrophic fashions. Norwegian Cruise Lines and Viad are both down nearly 70% (yet again just examples). These share values are still higher compared to the lows in March and April. That is basically INSANE.