Coronavirus, stock market meltdown and you

March 09, 2020

Quite a day, isn’t it?

Some things you can always count on:

1. Our government and news media will be useless

The only thing the government gets really organized around is selling you out to the highest bidder and coming up with new ways to penalize you for not toeing their line.

The news media can be counted on to get the facts wrong not-so-coincidentally always in favor of their biggest advertisers and government friends.

2. We’re on our own

Leaving things that really matter up to “the experts” rarely has a good outcome.

Some useful background info on the coronavirus and the market meltdown – all in one handy place.

Coronavirus facts

Karl Denninger is one of the very small handful of people who deserves to call himself to an Internet pioneer.

Way back in 1993, he was one of the first commercial Internet service providers in the world and served the Chicago market.

Karl is a genuine polymath. He knows a lot about a lot of different things and he’s not afraid to research and use his own mind.

Here’s the info he’s organized about the coronavirus.

Bottom line: If you’re healthy, you have very, very little to fear. However, if there are people in your life you care about who are not healthy, they need extra-special protection and it’s not too early to get started.

Details: Coronavirus by the numbers

Financial markets facts

The financial markets have been in meltdown since the summer of 2019.

The little bit of last minute froth in January and February was just that: froth.

Guaranteed your financial planner didn’t let you in on the secret.

The only rational thing to do starting around August/September 2019 was to start to buy Treasuries.

Everyone who knows me – or follows my tweets – knows that’s what I’ve been telling everyone who’d listen. VERY few did.

If you’ve been “financialized” by CNBC and/or a professional financial planner (“you need to be in stocks”), let today be your wake up call.

The financial markets move in cycles.

Stock are NOT always the thing to be in and any “planner” that tells you that you should always be long and overweight in stock index funds should be thrown head first from a tall building.

Bottom line: If you don’t know what part of the cycle the financial markets are in, the markets will make mincemeat of you.

Here’s someone who understands this.

Darius Dale, Senior Macro Analyst at Hedgeye.com, the firm founded by Keith McClullough.

No ones perfect, but they ask the right questions and look at the data minus the news media BS.

Note the date: August of 2019…

Ken

P.S. For over 25 years I’ve been sharing the simple but powerful things that matter in business – and life – with my clients.

If you’d like direction for your business that will work today, tomorrow and twenty years from now, visit us at the System Club.

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