First the Syrian Civil War. Started because of a drought. The central government wouldn’t help. In desperation, the farmers moved to cities, held some peaceful demonstrations… Assad is a monster. And now we have the largest Post-World War II refugee crisis. Nearly four million of them already in Turkey and more coming.
The EU said, “You hold them. We’ll pay.” But that deal is falling apart. Russia is a major cause of the Syrian problem, as it bombs Syria back to the stone age, and the refugees run.
Add in the coronavirus, which has arrested world economic activity and dampened oil prices. Factor in OPEC which is designed to hold oil prices up by cutting production.
Wait … there’s the nutcase running Saudi Arabia who won’t cut oil prices because he’s annoyed at Russia for Syria or whatever. MBS is positively dangerous. His stupidity and power has no bounds. It’s frightening.
Add in Putin, who gets all his money from oil and gas, sees low oil prices as a way to put America’s oil frackers out of business and cause major harm to America, since the frackers owe gigantic amounts to banks, who may have trouble staying alive if all those loans default.
Add it all up and you have the perfect storm.
Stocks will crash today. Pure panic.
It could well be time to buy. Remember what Buffett said about blood in the street.
Actually it wasn’t Buffett. I just checked Professor Google:
Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that “the time to buy is when there’s blood in the streets.” He should know. …
The original quote is believed to be “Buy when there’s blood in the streets, even if the blood is your own.”
Over the weekend, I received several emails from learned prognosticators who claimed the market is way oversold and today’s crash will be the bottom. Remember also 70% to 80% of stock trades are made by machines, who just trade the trend.
Staying healthy and alive is our key. You know the routine. Hand washing. No face touching. Stay six feet from people. Get plenty of rest.
Want to freak yourself out a bit?
+ Richard Engel had an hour-long piece on MSNBC last night. I’m sure you can find it on the web.
+ Putin just sparked an oil price war with Saudi Arabia – and US energy companies may be the victims
For the CNBC piece, click here.
+ The New Yorker had a good piece, which included:
We’re still learning a lot about the virus, what we were all watching for, and what has emerged is that it is readily spread person to person in a community setting, more so than sars or mers,” John Mascola, the director of the Vaccine Research Center at the N.I.A.I.D., told me. “That is not surprising, but it is concerning. There is the potential for the virus to really establish itself in a human population, and not go away quickly.”
For the piece, click here.
I’m going shopping for bargains today.
Just remember: A high dividend yield means nothing, except someone did the math on last year’s dividend payout, using this year’s price.
See you tomorrow – Harry Newton
By golly John you’re right. He just censored my comment. Don’t catch falling knives! Russia is a game changer in oil prices. This old chap is a poor sport. I heard the BNP Paribas Open at Indian Wells has been canceled.
Market bounce today. Sentiment still negative because of unsettled virus concerns and Russia game changing OPEC/US control via petro-dollar. DON’T CATCH FALLINGS KNIVES! Harry wtf is wrong with you censoring your comment board, “I’m taking my ball and going home attitude!” Wouldn’t be surprised your using aliases for responses. Poor old boy just can’t take criticism.
Rothschild bankers have been rigging the markets since the Jewish money changers inception before Christ. French Revolution-Wellington…and they are doing another sham today using corrupted vehicles-Wars, Wall Street, IMF, EU, Big Oil, Israel, Saudis, Royals and on and on. They lie and cheat because of too much inbreeding. To them money is better than sex. It’s in their DNA. The coronavirus is another useful tool to turn the markets in their favor. Like Mark said a House of Cards. Thus why Harry is supposedly buying. Don’t buy his BS. Hey Harry why don’t you repost Marks comments and continue this conversation? Why did you delete it in the first place?
Seriously wtf is the matter with you? Plenty of places to talk about this bullshit, why here?
/troll-feeding
Harry is a fraud. He learned his trade (propaganda) from the Nazis. I believe is is Jewish? Go figure. And he probably cheats at tennis too.
Me thinks this Harry is a fake. He is probably pretty good at wheel chair tennis. Not so good at investing advice in stormy waters. What say you Harry? I see you’re still censoring your commentaries again.
Whoever you are, if you have better and meaningful things to say, please share, otherwise keep it to yourself.
Shop til you drop. Who said that quote Harry? Who quoted, “Cash is King?” Things are going to get ugly and bad for some time. Banksters Rothschilds… are the crooks who creating this ponzi house of cards not to mention the economic wars! The virus just triggered the crash. You moron