Right now, the price of VTI is approximately the same as it was in May 2019.
- In May 2019, unemployment was about 3.5%. In 2019, GDP grew 3%. There were no major global crises and all major industries worldwide were operating successfully.
- In May 2020, unemployment is over 15%. A global pandemic is happening and over 60,000 people have died in the US. Oil prices went negative a few weeks ago and the world is overstocked with oil. The global travel industry (hotels, airlines, cruises, rental cars..) is not operating. JC Penney, J Crew, and Neiman Marcus just went bankrupt. The FED is printing money, buying securities and the US government is blowing money on people, corporations, and healthcare. You cannot eat in a restaurant in over half of North America.
Why is the price of VTI the same as it was in May 2019? I don't know.
Maybe Aliens are controlling our minds, Bigfoot has taken over the Fed, Elvis has left the building, and everyone is drinking Lysol and will be fine, but I don't like this situation.
Disclaimer: this is not professional investment or retirement advice and should be used at your own risk. The author is not a licensed financial advisor. You should not believe everything on the Internet including this blog and should check multiple sources possibly including a professional financial advisor before making decisions.
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