GentlemenI'm as upbeat as anybody could be considering the circumstances. Our home has long been
paid for and we have 6 figures in cash in our bank accounts plus our stock portfolio. I've been
in the market for over 30 yrs, however I've never seen anything like this. Sure there was 08-09
financial meltdown and plenty of other crises, but never a pandemic and never a total or even
partial lockdown of an economy let alone a world economy.
Marner's post kind of said it all. There is so much debt and so much money printing going on
and will continue to go on that people, corporations and gov'ts don't even care any more. Its
just a case of keep the system alive at all costs. Can't really blame them at this point because
what is the alternative? Social and political revolution is what's next and that would be a very
nasty upheaval whose prospect has unknown consequences.
In conclusion, things are slowly returning to a 50% activity level, but the amount of damage
that has been inflicted and all the consequences that have resulted are still a long way from
being accounted for. That tends to make me very cautious about markets and investing more
money for the time being.