Friday, March 13, 2020

STOCK MARKET A TAD WEAK YESTERDAY

by Bob Walsh

The stock market dropped about 2,400 points yesterday, very nearly 10%. Pretty much everything except med tech stocks is down. Several cruise ship lines have closed down. The NBA, soccer, and spring training are all shut down. The Great White Way is closing all theaters with more than 500 seats. Many areas have shut down schools and any gatherings of more than 1,000 people for any reason.

A certain amount of this is panic selling. Even gold and silver are down, presumably due to people selling off to cover their margins. (I actually bought some stock and a modest amount of silver. Good prices.)

The democrat party structure is trying to convince Bernie that they should just give it to Joe and shut down the campaigns, to protect against Corona Virus.

Hunter Biden has refused to show up to his deposition for his baby mama, citing Corona Virus.

Things will be messed up for a few weeks, maybe even months. Hopefully it will recover by November. The President gets credit when the sun shines and the rain falls, that means he gets the blame when the bugs bite, whether he has anything to do with it or not.

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