Business
In anticipation of stock market slides, I sold some stocks early, planning to buy back in when prices are low. But how low will they go and for how long? Merrill Lynch has a list of fifty five stocks not directly affected by the COVID virus, like banks, as well as stocks that may be helped by the virus. But banks and others will be indirectly impacted. Look at it this way – travel has already been significantly impacted. If travel reductions affect our tourism industry, we will all feel it. Yes, there might be less traffic on 264, but there will also be fewer dollars spent in our region, hurting our retailers, restaurants, and hoteliers, which then hurts our accountants, banks, and everyone. To learn more, visit odu.edu/business. This has been a Strome Business Minute, presented by the Strome College of Business at Old Dominion University.