The SP500 is having a cow, man.
Since I'm no longer contributing to my retirement fund, I can't wave it away and say, "Well, that just makes the stocks I'm buying cheaper!" I've been wondering whether or not I should park my money and wait for the rout to end.
Then again, is this just a temporary rout?
What happens when Omnicorn fades away in the US, just like it has in South Africa and now in the UK? The UK recently ditched all Wuhan Flu restrictions.
British Prime Minister Boris Johnson announced that England will scrap all restrictions, including mandatory isolation.
That will happen here, despite the best efforts of our bed-wetting Elites. My thinking is that when it does, it will have a significantly positive impact on the market and the economy. The empty shelves in the stores are at least partially due to workers out of action due to Omnicorn infections. Dittos for the supply chain crisis in general. Omnicorn is a very short, very sharp spike, so we will be past the problem in a couple of weeks.
Instead of joining the panic, I'm going to sit tight. There could be something else at work and I might be dead wrong, but that's my thinking right now.
Check out all the sub-1.0 reproduction rates for the WuFlu. It's glorious. Note that Rt represents the number of new infections created by each infection. If Rt = 2, it means that you getting sick gets 2 more people sick. If Rt is less than 1, the green parts of the graphs, it means the infection is receding as each sick person gets less than 1 other person sick.
Check out this map. Dixie for the win! Darker gray means lower Rt, redder red means higher Rt.