Shock Waves

Posted on Sunday, February 23rd, 2020

Markets are laser focused on the Corona Virus and how it may impact the largest economy in the world. The numbers coming out of China in regards to the virus cannot be trusted but, economically, we do know that since the Lunar New Year (LNY) coal consumption and traffic congestion have not resumed normal levels.… read more.

Global Pandemic and Zombies

Posted on Tuesday, February 18th, 2020

The market may very well ignore it as a onetime problem but debts need to be paid and there is a large amount of debt needing to be rolled over in the next 24 months. Companies have taken on debt and used it buy back corporate stock. They may have painted themselves into a corner.… read more.

Lesson Learned – The Corona Virus

Posted on Sunday, February 9th, 2020

Last week we talked about the most important thing to master – your emotions. This week’s lesson is… Never be forced to act. About 15 years ago we were on the floor of the NYSE trading gold stocks. There was a CEO of a South African mining company who had gotten a bit out over… read more.