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2020-

2020-02-28
The land of the fragile and the home of the afraid. (an occasional series)

First things first - I’m going to two different Chinese restaurants this weekend. Why not? I’m not a lemming and I know how to evaluate risks. Also, I like the proprietors and I like the food. It would be a travesty if the current hysteria would cause them further financial hardship.

From an epidemiological perspective, I have no fears of contracting the novel coronavirus. I am healthy. My immune system is robust.

Second, as of midday, we are totally out of the stock market. Since late 2019, we were employing a modified scalping strategy and holding (typically) 1000 share positions in a few stocks for between 10 minutes and 90 minutes - earning 1% to 2% each time. We lost a bit with Tesla a couple weeks ago, but made it back within 2 days with other stocks. We are planning for two short-term scenarios:

a) The Plunge Protection Team allows a significant correction to occur, to blow off some of the irrational exuberance they created with truckloads of magic money. And, using the cover of Covid19, D. J. Trump, who stupidly decided to “own” this mother-of-all bubble-markets, escapes unscathed.

b) The Plunge Protection Team intervenes to restore market stability and public confidence for the South Carolina primary tomorrow and Super Tuesday. If they do this, we anticipate a detonation of derivatives becomes inevitable. Their levitation act cannot pull far-flung materials and Chinese components and sub-assemblies, and supply chain gaps out of Jay Powell’s hat. All they can do is add zeros to fictitious sums and with a flourish and much sleight of hand, call it liquidity. Ain’t gonna work this time. When will they learn the Calvin Coolidge approach to market panics? Let them play our. Let the liquidations begin. Send those mal-investments to the landfill and be done with it. That’s the only way to restart on a firm foundation.

Digression #1 - For your information, my supplements include Zinc - 50 mg daily to maintain a healthy thymus that produces sufficient naïve T-cells, Liposomal Vitamin C - 500 mg twice a day, and Astaxanthin - 12 mg daily. I do add 50,000 units of Vitamin D3 daily (for 3 or 4 days) if I feel a cold starting. Ordinarily, I receive 20 to 30 minutes of sun exposure every day. I’ve had the flu just once in my life and have not received any flu shots since then. These are NOT recommendations. Ask a holistic healthcare provider for specifics.

Digression #2 - We are not investment advisors. Do not try to do what we do. You probably do not have the expertise nor the research capabilities required for this to work.

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