Last week we saw the Dow formally enter correction territory, meaning the market dropped by more than 10%. This is what markets do: they go up, until the herd feels like its time to take some profit off the table and sell, and then they go down. And then back up again.
This correction is not like others we’ve seen – it was/is driven by a specific fear, namely the Coronavirus’ effect on world economies.
COVID-19, as it is formally known, has now shown up in Florida. As I write this, there have been 2 U.S. deaths. These have occurred in vulnerable, sickly people. From the CDC website, the symptoms are mild to severe respiratory illness, with fever, cough, and shortness of breath. Many patients get pneumonia in both lungs. The statistics coming out of China are unreliable. It seems that most people who get the virus recover from it....
I’m here to tell you once and for all.
Yes, I know . . . this is a little off the beaten path for me.
I usually write about financial topics, given that I’m a professional financial planner. But occasionally some NIGO aspect of the world (that’s Not in Good Order, in my professional parlance) comes to my notice with such frequency that I just can’t take it anymore. Sort of like the crescendo in Lucy in the Sky with Diamonds. It builds and builds, and you know that a climax is coming.
Well, today it peaked, and I’m compelled with great generosity of spirit (and indeed, humility) to set the English-speaking world right.
Ready? Here it is: data is the plural of the singular datum. There is your pronunciation: dāta with a long a. Not dăta with a short a. Never ever EVER.
Now that that’s settled, let’s turn our attention to the verb...