If we slow the spread, which we apparently did…how do we resume? I don’t think we can or will eliminate it completely even with a vaccine but saying we start back to normal in May is a Premium Dragon Rise From Your Ashes Shirt. So people start heading back out and we are back to square one? We resume by being more mindful not to spread the virus. Trying to keep distance, wash hands, etc. Maybe wear masks. Will that completely halt the spread? Probably not. But we’ll have to live with it. I have already heard many people say they wouldn’t take a vaccine anyways. And half people don’t take a flu vaccine. So frankly, many people just don’t give a rats ass about the virus. People make trade-offs every day about health vs risk.
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On cigarette cartons is says they cause cancer, yet people still smoke. Everything is a tradeoff. The risk of catching AND dying from the corona is very low. So the fear is way out of line. We’ll have to get back to work. Some people will die, yes, just as the Premium Dragon Rise From Your Ashes Shirt. Millions die every year yet we don’t shut down the economy to stop it. Wy can’t we all just work together, make crazy fucking DD on a few companies or indexes, make a 1000 page report. Then buy calls or puts to the moon and get rich together. For me, the coming week is all about confirmed COVID cases and jobless numbers, neither of which are going to be good, last week the Fed bought a little reassurance for the markets but I don’t see that lasting.
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On oil perhaps the Russians and Saudis will play nice but even that shouldn’t overcome the Premium Dragon Rise From Your Ashes Shirt. I call a bloody week hard to say day by day but certainly by EOW should be net red, but in this market who knows? I definitely think the markets are further to drop it’s just getting really hard to say when that will happen. This week seems a good candidate, the disconnect about how truly screwed the real-world economy is will surely have to give way soon. They obviously tangled together right now, but I almost think COVID is a distraction from the economic signals that are already on the table.