A debate on betting/investing for the end of the world
Every time markets go through a major correction we hear that the financial world as we know it is ending. This time is no different.
Nick Pardini, Managing Partner and Head Strategist at Davos Investment Group joins me to share his thoughts on the concept of investing for a complete collapse of the financial system. We also discuss how this correction and eventual recovery will shift investors away from the passive investing trend and more into active stock picking.
DT……Is no mystry to me…..This is as much about control, as anything that has ever been done in history…….The sheeple are asleep, …the control worked …and now on to the next boogie man….The devilish people have been behind every virus , including the spanish flu. Nobody can figure our their check book, let alone figure out who done it…
OOTB ………
Getting comical……….Like duh……….Mental midgets……in congress…..justice dept….you name it……the controllers are controlling the sheeple.
If this covid is all about control we have to understand this is global.
Think about what it would take to pull off a global effort to “control the masses”.
If its true, they already had their control long before the virus.
Well, yeah………..World Bank, World Health Org….Davos….Bilderberger……
How about the UN………
How about, we bring up Scull and Bones……..where is old Kerry, and Bush….
Pilgrim Society….hummm……..Knights of Malta….humm
Going to get deep here, and most do not have a clue…..no use argueing about anything,
I say everyone do your own homework….
If people are interested they would find it all interesting.
I just dont believe people really care about any of it, they would rather be told what to do and what to think. Thinking is hard.
Even their rights, freedom of speech is a prime example, how many here, the informed ones, actually signed the petition to free assange?
I asked a fellow yesterday if he signed, he told me if someone went to his house with the petition he would sign it, but going thru the internet was too much effort.
Freedom of speech is not worth the effort.
A republic, if you can keep it.
Gone long ago.
Yes, …A lot of your statement is correct…….
Victums they will be………
Not my problem……..
This lockdown looks to me like a way of buying time for the financial elites to shuffle the cards, and perhaps stack the deck, before dealing out The Great Reset.
our to out………
Herd immunity is going to be achieved relatively soon, so people will return to work.
Much of he future will depend on the political blame game. Will the world blame China ?
Will financial demands and repercussions be extreme ? Will war break out ?
Much is as yet unknown.
Housing will not quickly rebound, but agricultural land will be strong.
The rate of growth of covid-19 cases in the U.S. is dropping. I expect politicians to claim this as a success of the quarantine program. That may indeed be true, but, of course, we cannot be sure because of lack of testing of non-symptomatic people.
From information coming out of Italy, Singapore and S. Korea we are actually finding out 40% to 60% of the population have indications of exposure (based on antibodies) but are asymptomatic.
We see TV coverage of Chinese leaders walking down the street with no protection other than a cloth face mask. Does that mean China has found a cure or that there is no longer much virus in the air ? Has China found out that herd immunity has been achieved in certain cities ?
I don’t know, but something has changed in China after 3 months.
Saudi Arabia is now using drones to monitor body temperature of shoppers, and are not permitting people with a fever to shop.
Who Knew?
Listening to Joe Pags:
https://uncoverdc.com/2020/04/08/tracy-beanz-live-on-joe-pags-when-did-coronavirus-really-start/
He says to dial 1(800) Big-Al to get an ambulance-chasing Attorney. Who knew Big Al had another job?
Al has mentioned the gated community he lives in not far from Bill Gates, and his 120 ft. long cabin cruiser with a tulipwood deck, so I have long suspected he was a class action tort lawyer.
The world lost a good one today to the ‘virus’. John Prine, a favorite of many. Take a listen: https://www.youtube.com/watch?v=P8tTwXv4glY
Curb Your Enthusiasm
by @Goldfinger on 8 Apr 2020
“After reaching a low of 2174 on the morning of March 23rd the S&P 500 has managed to rally nearly 27% against a backdrop of rapidly mounting COVID-19 deaths around the world. Not to mention the fact that the vast majority of the global economy is shuttered.”
“How can the market rise against this putrid backdrop you ask?”
“The simple answer is that the S&P had dropped nearly 40% in the month that preceded the March 23rd low. This drop was the sharpest in history and likely priced in much of the terrible outcome we are witnessing now. I also don’t think I could have found a single bullish market participant on the morning of March 23rd, so it’s natural that we have seen a short covering rally while the Fed, Treasury, and other global central banks douse markets with their biggest liquidity fire hoses.”
“With that being said there is a very good chance that this counter-trend snapback rally reached its apex yesterday at 2757 on the S&P 500:”
“Goldman Sachs analyst David Kostin (who correctly called for the market downturn last month) explains the asymmetry of the risk vs. reward in being long at S&P 2750:”
“There’s a little bit of asymmetry in terms of the downside risk toward a level in the S&P 500 of around 2,000, which is down almost 25%, and upside of around 10% to a target at the end of the year of 3,000,” ~ David Kostin
“Looking for 10% of potential upside while risking ~30% of downside doesn’t sound like a good proposition to me. Judging by yesterday afternoon’s sell-off some other market participants seem to agree.”
“I also couldn’t help but notice that stock market sentiment has improved a lot in the last two weeks and people are looking for long setups again. The irony is that they should probably be doing the opposite.”
Americans Not Making Their Mortgage Payments Soar By 1064% In One Month
Wed, 04/08/2020
“According to the latest Mortgage Bankers Association Forbearance and Call Volume Survey which highlights the “unprecedented, widespread mortgage forbearance already requested by borrowers affected by the spread of the coronavirus”, the total number of loans in forbearance grew to 2.66% as of April 1; just one month ago, on March 2, the rate was 0.25%, or a 1,064% increase in just one month.”
“For loans backed by Ginnie Mae, which serves low- and moderate-income borrowers, the surge was much greater, with total loans in forbearance soaring to 4.25% from 0.19% one month ago.”
“Overall, the MBA reports that total forbearance requests grew by 1,270% between the week of March 2 and the week of March 16, and another 1,896% between the week of March 16 and the week of March 30.”
https://www.zerohedge.com/economics/americans-not-making-their-mortgage-payments-soar-1064-one-month
As long as you don’t fix the problem and allow corruption to be the accepted practice, what do our leaders expect.
Bingo.
Jerry will get his chance to test the theory that the coronavirus was a setup to control the masses. Now that China has opened up Wuhan, the Chinese will be a good test case again to see if they have made the right choice. China is the land of sardines packed in a can. DT