| I don't know. I've made great and steady money over the last couple of years without any stress from the rollercoaster. So if that's being wrong, then I'm happy for it. But as you pointed out and as I have pointed out, this market has been outrageously overbought and was due for a correction. The catalyst could have been anything really. It just happened to be the corona virus. You may think this is going way in a month or two, but I don't think so. We're still going to be concerned about the corona virus for the next 6 months at least. That's my guess. This could be the very worst thing to happen to Trump, because it's already impacting the supply chain, as people are being sent home and trade routes are getting shut down and disrupted. This is having a far bigger impact to the real economy than you think. It's not just the stock market that its damaging. Also, this comes at a time when certain real estate markets have been overbuilt, so if the consumer is over leveraged and weak, manufacturing and supply chains are in a recession, real estate is looking very shaky, and now China is about to get a gut punch to their economy, then you tell me where the growth is going to come from. Oh, did I mention that the US gov't is ramping up trust busters mightily to go after the top tech companies? That's don't going to play well for the S&P500, since most of that indexes gains come from the big tech companies. Anyone who is buying and holding is going to get burned. I think you will survive and maybe even thrive, since you are a trader. I too will survive and thrive, since my short bonds and gold are doing great. I'm now sitting on a 4.8% return on my gold purchases since the beginning of the year. I'd say that was a nice trade, if I didn't quite buy as much as I would have liked. Ah well. This broken clock has been doing quite well, thank you. |
