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The pandemic is not getting under control despite warm weather. In fact it seems to be getting worse in places like Florida, Texas, Arizona. This tells me that the upcoming fall & winter look to be a big problem.
This is not a political thread, so spare me your Team D vs Team R nonsense.
How is this going to affect the stock market in this upcoming week? I can't imagine the market is going to continue to move up too much higher at this stage. Or is the entire thing overblown? But with all of the sports leagues struggling to get started, and the owners sitting on multi millions of dollars of investments, that aren't generating any revenue, maybe we really have a problem.
The answer lies somewhere between the Permanent Portfolio and just BTFD. Both strategies work — until they don’t.
Contemplate the meaning of “ownership”, we all tend to measure our station in life by adding up the size of the stuff that we think we own. The people who find their position in life defined by the powers they wield are the issue going forward. Chaos is their friend.
Seriously, people just need to get on with their lives and quit worrying about this stupid virus. Life will never be perfect so enjoy the short time we have on this planet. My investment strategy will not change, I'm in for the Long Haul.... up down and all around, dollar cost averaging for the win.
“You think things are going to turn out differently, huh? The ones before you did too, because they believed they were in control. And control....well....here’s the thing.
Humanity is desperate for it, we’re seduced by it, deceived by the illusion of it, but we never really quite possess it. If there’s anything that chaos theory has taught us, it’s that nature is on its own course. And when we interfere, and humanity tries to put nature into organized boxes, it destroys them.
And what makes us such unique creatures is knowing the power and scope of what we’re up against and still believing that we can win.
Hate to use a popular cliche but hasn't the market adjusted to the "new normal?" The large businesses have made the needed pivots. Small businesses will sink or swim and many will drown.
The pandemic is not getting under control despite warm weather. In fact it seems to be getting worse in places like Florida, Texas, Arizona. This tells me that the upcoming fall & winter look to be a big problem.
This is not a political thread, so spare me your Team D vs Team R nonsense.
How is this going to affect the stock market in this upcoming week? I can't imagine the market is going to continue to move up too much higher at this stage. Or is the entire thing overblown? But with all of the sports leagues struggling to get started, and the owners sitting on multi millions of dollars of investments, that aren't generating any revenue, maybe we really have a problem.
Thoughts?
This week - I have no idea.
Long term - probably not much difference for the major averages, but I would expect individual companies to have wildly different outcomes. A good reason to stick to index ETFs
I did take the opportunity to swap out my December 2020 qqq calls for December 2022. No point in risking 2 years of unrealized gains in this environment.
I wouldn't be surprised is there's a lot of volatility through the end of the year, so I also picked up some November 2020 qqq puts.
Seriously, people just need to get on with their lives and quit worrying about this stupid virus. Life will never be perfect so enjoy the short time we have on this planet. My investment strategy will not change, I'm in for the Long Haul.... up down and all around, dollar cost averaging for the win.
I heard a chloroquine pill and a swig of Lysol daily is supposed to prevent coronavirus.
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