Blog Category: Economy

I like that the market went down 1.5%.  In other words, a normal day. To me, this is MUCH more bullish than the market GOING UP 10% in a day.  It shows me that the general population thinks that the market is fairly valued around here (it might be, it might not be, but that […]

SUMMARY: Don’t read the headlines tomorrow on the virus and unemployment.  There’s been a peak in N.Y.C. cases as evidenced by several days in a row of fewer hospitalizations. California, Washington, Oregon, and possibly N.Y.C. are now RETURNING ventilators, saying they have enough.  Unemployment is obviously not good. But not as bad the newspapers will […]

It’s too much. I don’t like getting in front of a speeding train in either direction.  One thing to keep reminding people of are these theories of investing:  It’s OK to (probable you will) miss the bottom. Bernard Baruch said, “I always bought too late and sold too soon.” Well, he died with $100 million […]

A few weeks ago, I asked if anyone had COVID-19. A bunch of people responded and said they thought they ALREADY had it in January/February. My guess is this pandemic started in N.Y.C. in late January. The attached graphic shows people who showed up at the ER in NY hospitals over the past few months […]

The news is bad, but never as bad as they want you to believe.  I try not to put any spin. But often people (usually reporters) think I’m trying to be “contrarian” or “positive” for the heck of it.  That’s not it at all. There are some things I’m quite pessimistic about (my ability to […]

There’s been data flying back and forth.  Every university has a “model.” Every health official. Everybody on Twitter who in their spare time became a pandemic expert.  Let’s look at some of the models out there.  The below model was considered by many to be the standard. Six days ago it projected that in New […]

I have never seen so much uncertainty in my life.  There’s uncertainty about:  Health: How bad will this virus get worldwide? I’ve addressed this in my posts, and in my Instagram Lives every day at 2 p.m., by looking at all the data and talking to the experts.  My own view is that the pandemic […]