FUTURE POTENTIAL V2, page-127

It was interesting watching the news last night . One guess as to what the lead story was about.

You guessed right. It was all about the sharemarket. Would you believe 90 billion dollars was wiped away into the abyss. Shock horror.
The news presenters even had a twinkle in their eye when they were telling us how much money everyone had lost from their supn funds.
Most of these guys are on $500,00 plus per annum from their respective networks. They are all fairly well healed, so it matters little to them on a personal note but they seem to take delight that there will be some nearing retirement who are relying heavily on their supn proceeds.

I remember back in march 2020 when covid arrived on the scene. For those who can't remember we were led to believe the world would never be the same again. The Dow dropped from 29000 points in Feb 2020 down to 19000 in March 2020. That's close to a 35% drop in a months trading.
They say a 15% drop is a correction. I will let everyone work out for themselves what a 35% drop represents.

I also remember the experts telling us the sharemarket was not the place to be. Get out whilst you can . Sell, Sell, Sell was the catch cry and unfortunately many did just that. FEAR is an over riding emotion that strikes the cord of many battlers who cannot afford to lose money. So those who listened to the experts ended up losing a lot of money by doing what they were suggesting..
Why were they being told to sell. It was obvious. Businesses would not survive if people cannot go to work. Businesses WILL close down . The world will slow down. Production will cease. No one will be building homes because they will not have the means in which to build them. BLAH BLAH BLAH and so it went on.
Fast forward less then 3 months later and the Dow had recouped most of it's loss. It was back to 27000 points on the 5th of June 2020.
My goodness, how did it possibly recover so quickly with all the lock downs taking place around the world. People were forbidden to go to work , they were not allowed to travel overseas. One could not go out for an eveninge entertainment. This was happening all over the world. We witnessed through our T V's what was happening overseas . Bodies were being buried. Hundreds of thousands of people were dying . It was a horrible time for all concerned. My heart goes out to those that lost loved ones during this period. Families were stopped from attending funerals, visiting loved on in retirement homes was a no no . We all thought the same thing at the time . When is this nightmare going to end.

Fast forward 18 months the Dow was sitting at 36000 points in Jan of this year. A record high, during a time when the so called experts were telling everyone to sell your shares. What the world had to do was to reinvent itself.
Company's changed their way of doing business. Working from home became the new norm. Who would have thought that something was even possible where people could continue to engage in their occupations from the comforts of their home. The world generally finds a way to correct itself in times of trouble.

Markets will continue to go up and they will go down. If you are thinking any different. then think again. That is the way it has always been and always will be, but life goes on. The battery sector of which Volt is a part of, will not only survive, but will prosper. The world will not change their direction. Planning for clean energy and continuing with the Ev revolution will continue to be a main priority. It will not change it's path just because inflation needs to be curtailed..

Expect more volatility on equity markets. Expect more ups and downs. Understand, that this is all part and parcel of wold economics and it might help those who had a sleepness night last night.

Cheers.