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BOTTOM? DON’T BET ON IT

NOW IN OUR 8TH YEAR. NOTE TO NEW READERS: Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. Don’t forget to hit the like button. Our host WordPress is running ads in the blog and we receive NO compensation from this advertising.

March 25, 2020. Markets went thru the roof yesterday. But don’t get sucked into thinking that the stock market ‘bottom’ is in. Virtually the entire economy is shut down. We are entering a recession. Do you really think now is the time to buy??

If you see a short term rally in the next few days, we suggest you SELL. (Still holding all Corporate Bonds in the Core Portfolio.) We project further declines-long term-but continue adding to our ‘buy’ list. We want to be ready when things really turn around.

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The local pharmacist tells us that the state of Illinois has banned filling prescriptions for Hydroxychloroquine-the potential virus cure that Trump has been touting. How sad.

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Tuesday. The corrupt despicable Congressman were crowing about how ‘well they were working together’ to get the spending “helicopter money” bill finished. Well hell, if you can’t work together to SPEND TWO TRILLION dollars (putting the taxpayer into debt forever) then you have a major problem. Why we don’t get rid of the whole bunch we don’t understand. And that bitch Pelossi really tops the list.

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A new poll from Gallup shows that President Donald Trump’s approval rating for his handling of the coronavirus is now at 60 percent.

The president’s overall approval rating is also at 49 percent, tied for the best of his presidency.

The poll was taken between March 13-22.

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