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.
I miss Shorty but he's with me whenever I fart in a public place - elevator, lobby, concourse.
Every day, in other words 😄
He had so many classics. His take on the red bouncy ball gym teachers comes to mind whenever I have to deal with government.
Socially distant hugs this AM!
It only took a month without leaving my house to begin to feel a little weird. Another few weeks of this and we'll be capitalizing the "SS"s wherever they occur, and so on. Where tf is BAREister, anyhoo? And why am I remembering him for the first time, today of all days?
I've been thinking a lot about how much is riding on the economy at the moment. Not Wall Street, but Main Street. Yada yada no savings lots of debt no prospects nothing to lose. We armchair warriors are one thing, but we too have lots to lose from a breakdown in social order - not just people parking in front of hydrants, but a real failure of the social contract. Each of us here with our high speed internet, full slate of vaccinations, 3 squares a day and all that, are 1 percenters ourselves, even though we need to work for a living and have plenty to worry about.
I'm all for picking
Meanwhile, looks like China's finally learned its lesson and will hereinafter behave as a responsible citizen of the world, at long last cognizant of the grave risks to which its heretofore reckless behaviour exposed its brethren around the world.