First post this year! Made some time today to rant about stocks and coronavirus. And so… here we go.
People in the U.S. should be more concerned about coronavirus more than anyone else. Here’s why.
The U.S. government isn’t doing shit about this. They’re not preparing for it and they’re not being proactive about this whole situation. “All is well.” says the Donald. Check-out what he just tweeted…
Maybe someone should tell him that coronavirus is x20 more highly contagious and mortality rates beat every other flu strain. This is simple math. Even I can do the calculus.
I’m seriously the sit-back and chill kind of person when it comes to global panics. But this is starting to look really nasty and having the POTUS sit back and do nothing is a little alarming.
To be honest, this whole thing may turn back against him if he doesn’t start being more proactive. Ever since Yang dropped out, I knew that Trump was going to be reelected this upcoming November. However, if he keeps this “just chill” kind of attitude and stocks keep dropping and more people keep getting infected… Who knows what might happen.
The Chinese government on the other hand has been able to somehow contain this issue. These guys built hospitals from the ground up in under a week. They started quarantining people and ensuring that the whole issue didn’t get worse than what it already was.
Italy has officially cancelled school/university classes and access to congregated places like soccer stadiums have been revoked.
Spain is now starting to ban people from attending high-congregated places too. Over 1,000 people have been diagnosed with the virus here and 17 of them have passed away.
Freaking Germany has literally setup drive-thru spots for you to get tested for coronavirus!
It’s just a flu. Sure. But the economic collapse that could result from this (and we’re already seeing it in the stock markets) could be record-breaking. Not to mention the chaotic situation that we could see in hospitals all around the world.
Stocks
Trading halted today for the first time in what… 12 years?
Things got crazy today. For sure. I’m down over 10% in my entire portfolio.
But remember…
Buy when there’s blood in the streets, even if the blood is your own.
Coronavirus is crashing the world’s economy at the moment. No question about that. I don’t think people just suddenly woke up to the idea that the $23 trillion debt is bad for us. No… It’s the virus.
And just like virus are easily spread and can be deadly, we humans can beat the f*** out of them too. And we will.
The U.S. economy will recover. Things are on sale. We will fight the virus, and we will win. It may take us some time, but we will.
