It was exactly four weeks ago which marked the one year anniversary since equity markets bottomed. Not only did the magnitude and speed of the decline scare all the kids away, the speed at which the market turned was like nothing we've seen before.

Elon Musk asked the CEO of Ark Invest about the Buffett indicator's unusually high ratio.The "Buffett indicator" takes the combined market capitalization of all publicly traded stocks in the US, and divides it by quarterly gross domestic product. Investors use it to gauge the stock market's valuation relative to the size of the economy. In fact, Buffett praised his namesake gauge in a Fortune magazine article in 2001, calling it "probably the best single measure of where valuations stand at any given moment." He added that when the indicator hit a record high during the dot-com bubble, that should have been a "very strong warning signal" of the crash to come.

It's a classic conversation over dinner, drinks, and the barbeque - where you're investing your money. You hear about all the winners, the success stories, the secret tips that went wild, and how your mates mate tripled his money overnight.

History doesn't repeat itself, but it often rhymes. - Mark Twain Libraries closed, schools, churches, theatres, halls and indoor entertainment venues shut down. Six days later, racecourses and hotels were closed and people on public transport and in public places were required to wear masks. Schools remained closed, and other states implemented similar measures to contain the virus. Movement by public transport was restricted and state borders were closed. Streets were sprayed with the disinfectant phenyl and the public were urged to practice cough etiquette, regular handwashing, ventilation and disinfection. This was 1918, consequences of the Spanish Flu in Australia. And here is the newspaper snippet I found - you can read the article here if you're interested, it's absolutely fascinating.