The only people who wouldn’t like what I’m about to propose, that is, to shut down the stock market, are those who are making huge profits out of the Coronavirus stock market crash. But don’t let this be seen as sour grapes because I’m losing money. It’s more the case that if they’re locking down non-essential businesses, then they are stopping the normal running of commerce or the economy, and so how fair is it to keep the business of the stock market open?
If I stayed in a market too long because I was greedy, ignoring the traditional signs of an overheated stock market, then I’d deserve to lose money when stock prices head south. However, under these conditions, the kind of stimulus packages that the likes of Britain, Canada, New Zealand, China, and now us, would have resulted in a slowing up of the fall in stock prices, but, as I write, the S&P/ASX 200 Index is down 5.68%.
So why is this happening?