The FREE Investment Newsletter That Really Works!
In tonight's free investing newsletter, we start the general commentary with a serious question. Did this virus "escape" or was it let loose on purpose? If it was let loose on purpose, what was that purpose? Did the US or some other nation want to cripple China? Or did China itself, suffering from the costs of millions of retiree's getting pensions, turn it loose on its own people? Very disturbing reading.
In the Market commentary, we talk about the market's incessant rise higher, and how it's happening. We discuss some of the things Jay Powell said yesterday concerning QE, and interest rates. And we ask the simple question, how long can this go on? I think it's good reading folks, give it a shot.
In three days the stock market has put on almost 1000 points. Why did it do that? Because in the early morning hours, a blurb was caught by our Algo's here in the states. This was what crossed the wires at 3 am:
CHINESE TV: RESEARCH TEAM AT ZHEJIANG UNIVERSITY HAS FOUND AN EFFECTIVE DRUG TO TREAT PEOPLE WITH THE NEW CORONA VIRUS
That's all the algo's needed to turn the futures from being red by 100, to green by 240. Then after opening big, the market simply powered itself higher, to close today + 483 points. Amazing isn't it? It is, especially since there is no treatment according to the World Health Org. But the market doesn't care about the facts, it just needs headlines it can use to move higher!
By the way, in the general commentary area of the letter, we talk about the virus in China and just how bad the real numbers might be. The Taiwan Times put up an article suggesting that there could be 24K dead, not the 400 we're hearing about. So, give today's letter a read, it's a good one.
What if it was Bad?
The big topic in the news is this Chinese virus. While we could spend our time today talking about the Feds, and what they’re up to, I think we should take a minute and discuss the proper way to respond to a biological ‘attack” so to speak.