To paraphrase the noted contrarian Nathan Rothschild:
Buy when there is a virus in the streets, even if you have caught cold.
I am writing this after the US stock market close of March 12, 2020. Tomorrow is Friday the 13th, and Sunday is the Ides of March. The stock market has cratered. Even $1.5 trillion of helicopter money was swallowed up by the bear in less than an hour.
I expect, within a week or two, an extreme one-day reversal. I expect that my daily lows index will hit -9 or -10. At that point, I will throw ALL my reserve money into a 3X BULL ETF, and hold on to it for the rally back to and over Dow 30000.
These are the difficult times.
May God watch over us all, especially the front-line medical people.
