As I get on in years, after 30+ years of trading, sometimes almost fulltime, sometime successfully, most often not, I can say that the markets are the most fascinating of all human creations. Life would be so, so much better, if only I could have traded consistently. If I could have traded like I play pool, or do a few other things, my life would have been easier, simpler, healthier- just better.
Then imagine everyone in the whole world with two nickels to rub together is trying to do the same thing, mostly for the same reason. And yet the market somehow manages to defeat most particip
This won't be useful to anyone for any purpose whatsoever but: not only do I not know where the market will go nor what to do about my various positions, commitments, bets and wagers, but I also have no clue about the likely or unlikely outcomes of the pandemic, the protests, the police, the social compact, international relations, my future as either a salaried employee, a consultant or a punter, the future of my neighbourhood, or whether things are about to get cataclysmically worse or exponentially better.
In fact, I don't know whether to shit or steal third.
All I know is that
And I'm still struggling to remember who that guy was who was always collecting profits "for his dusty bin""..
The way folks in North America are behaving, I think a big destructive second wave is inevitable. Maybe a rally this summer, followed by a wipeout in the Fall?
I defer to all who are far less stupid than me, which is most.
I know Doc axxed us to dicsucs, but I'd like to go back to Jorma's most excellent post. Jorma reminds me of an old Stoolie with a three-letter name, but that's neither there nor here..
According to this count the number of cases worldwide has passed 4 million.
In the US and Western Europe I multiply that by 20 to account for light and asymptomatic cases. For the rest of the world whatever the numbers reported they must be dwarfed by the reality. The reported numbers are of use mostly to judge the rate of change in in
Pigeon chess. Don't get drawn into playing it.
Here in Canada's epicentre, people have mentally checked out of the whole thing. They've made their cookies and sourdough breads, fought for their toilet paper, and now the pandemic is no longer interesting. I think it's making a huge catastrophic second wave inevitable.
I have major losses racked up from the initial leg down, now about 50% recovered. Can't afford to miss the rest of the recovery if one's coming, but can'
My brother just forwarded me an email I had sent over a decade ago, containing the following:
QUOTE(Jimi @ Apr 6 2008, 07:54 PM)
Here's an alternative explanation.
After a generation suffered a youth in economic Depression, and then busted their teen & early-20s youth asses saving democracy during the 1940s, they came home and procreated. Their spawn have turned out to be the most indulged and spoiled and unreflective generation humanity has ever known.
They want it all, they've always wanted it all, they demand it now, and they want to stick someone else with the tab.