That will hurt you. It’s what you know for sure, that just ain’t so, that will kill you dead.
I’ve been studying COVID-19 as best I can. It’s now in 60 countries and is now in Lagos in Nigeria, and in Brazil. We are being flooded with happy talk by the government and no honest brokers of real risk.
Today I completed my deep pantry. I bought a chest freezer and filled it with sirloin fish burgers hot dogs and chicken. I also bought some MRE from WISE Foods, the freeze dried meat, which includes rice. We also have some protein powder etc so we should be able to feed our family and a few more for the duration. It was well under 2K to prepare and we won’t have to go shopping for 6 months one way or the other since this is all stuff we would eat anyway. My goal was some food that is shelf stable, WISE and protein powder, and some food like burgers and steak that we usually eat that could be frozen. I wanted to lay in a supply that was packaged before the virus became an issue. I have a well and we also have bottled so we will see what transpires.
Unfortunately you can’t believe what the media is spreading as facts at all. Virus’s work like machines, are predictable and this virus is ruthless in its infectivity and deadliness. Apparently the RNA is stable so there won’t be much mutation. There is a vaccine test going on using a new technique that injects modified RNA instead of protein and uses the body’s cells to make the protein antigen and antibodies, kind of a DIY approach. I think the idea China is on the downhill slope is laughable. US is not seeing cases because they are not testing for cases which means cases are multiplying undetected. It is unclear if there will be a summer pause but when it’s summer here it’s winter there so there will be continued spread.
Not much else to do except follow along and isolate for the next 6 months or so. How bout that market crash! Pretty impressive. I think we are not done with that yet, but the market did close down only 25 pts compared to the usual 100 to 135, so guess we will see. I was actually a bit surprised the market would recover some going into a weekend. I’m also surprised I haven’t heard as much as a peep out of the other bloggers regarding their portfolio performance. For sure everything coalesced into a strong negative correlation, even gold showed some downward push, but far far less than equities making it a means to preserve wealth. Bonds rallied. I’ll have to spend some time looking more closely to the market action.