I personally was alarmed in late January. I was hoping it would die out in China like SARS mostly did. I think it's a really bad look on their part Diane Feinstein is probably in trouble and the others should be too. The best comment I heard was from a Fox new guest who said, "if you are uncomfortable telling the public what you are going to do, you shouldn't do it". Clearly Feinstein and the Republican lawmakers acted out of precaution not because they KNEW the market would tank as badly as it did.I heard it was three R and one D. Doesn't matter to me. I don't listen to propaganda from either side. I do disagree though. We didn't have the same warning. What we had was conflicting information. And also a blatant lack of alarm. The senators heard directly from government health officials in late January and were alarmed enough to sell millions in stock-- their money, obviously they believed very strongly in it to make that drastic of a financial move-- they didn't say a word about that concern PUBLICLY until weeks later.
I'm not nearly as upset about this as most people are I guess and we've lost roughly a half million in paper value. I live in the real world and whether we like it or not institutional investors and powerful people are ALWAYS the first to know. It's why I don't try to out think the futures boards or the stock market. I've been saying for about a year that the stock market was likely going to have a steep correction and yet I couldn't get my wife to agree to more than putting 50% in to a fixed income vehicle. Greed gets you every time.