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The Financial markets are so complicated and intertwined it can make your head explode. Some will look at it as an opportunity, some will cash out and run for the hills. Generally it is best to look at someone who has been there and done that, Warren B is an example, if you have cash, there is an opportunity coming. If you are over extended and in debt up to your eye balls, it's going to get rough. If you have loans on shat you don't need or cannot afford , liquidate.
The Gubment put the Fed in this mess with Covid lock downs, but the FED should never have dropped the rates to .25%. It was a double whammy, free money times 2. If you have cash, make sure it is secure and insured, if you own stock, make sure the companies you own are not over leveraged because they will take a hit also.
As far as the curve, it only indicates that the market is thinking this blow over or we won't be around in two years.
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