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Nibbling is the rage. But holding cash is comforting.

I don’t feel comfortable being heavily invested. I can see another 10% to 20% down.

I do feel comfortable with cash, staying home, reading, writing, playing tennis and walking the dog.

Though my cash is earning nothing, it’s holding its value. Inflation is basically non-existent. Our American dollar is holding strongly against most others, including the Australian dollar which has cratered from over 70 to under 60 cents.

There is hope. I read:

Terrifying though the coronavirus may be, it can be turned back. China, South Korea, Singapore and Taiwan have demonstrated that, with furious efforts, the contagion can be brought to heel.

Whether they can keep it suppressed remains to be seen. But for the United States to repeat their successes will take extraordinary levels of coordination and money from the country’s leaders, and extraordinary levels of trust and cooperation from citizens.

Will Washington step up and get us the needed medical equipment to protect our health care workers? That’s the key to conquering the virus.

I could get industry to make the needed stuff.  You could do it. But a president who hasn’t taken the coronavirus seriously, contradicts his health experts and wants to get us back to work in a fantastical 15 days….!

Advice for all of us while Washington fiddles: Hunker down, don’t go out, wash your hands, stay 10 feet away from people..

Sadly, the virus has closed in. All of us now personally know friends and relatives who have it. And some of them are very very sick.

Should I be buying stocks?

Mark Cuban, “When you don’t know what to do, do nothing.”

Todd Kingsley’s great axiom, “When in doubt, stay out.

Hedge fund maven, David Tepper is optimistic for an early recovery — so long as we get the needed medical equipment — masks, ventilators, etc. — produced quickly. He is nibbling. But he insists we need the equipment. His interview with CNBC is here.

The stock market has now lost more than a third. It’s lower than when Trump took office in late January 2017.

Hence, stocks are “cheap.” And nibbling is the rage.

Ackman is great at getting publicity for himself, not so good at consistently picking great stocks. For the interview, click here.

The Bank of America has picked some Work-From-Home stocks, including Zoom Video which has been one my best picks. Today it’s dropped 12% on fears that its growth may be slowing. Which is not what I’m hearing. Who can predict stock prices, when you hear that demand is up 12 times, but the stock is down today 11%.  I’m not enthusiastic for BoA’s picks.

From the New York Times

Terrifying though the coronavirus may be, it can be turned back. China, South Korea, Singapore and Taiwan have demonstrated that, with furious efforts, the contagion can be brought to heel.

Whether they can keep it suppressed remains to be seen. But for the United States to repeat their successes will take extraordinary levels of coordination and money from the country’s leaders, and extraordinary levels of trust and cooperation from citizens. It will also require international partnerships in an interconnected world.

There is a chance to stop the coronavirus. This contagion has a weakness.

Read the article here.

The Turks have a neat idea.

Coronavirus is a Zionist plot, say Turkish politicians, media and many members of the Turkish public.

Why are the Jews behind it?

The Turks believe it’s spread by Jews to reduce the world’s non Jewish population.

Fatah Erbakan, son of former prime minister Necmettin Erbakan, is reported to have said, “Zionism is a five-thousand-year-old bacteria that has caused the suffering of people.’”

Meanwhile, the Jews have their own problem:

But there are opportunities everywhere

And there’s this piece of delicious poetry from Australia.

Australia is struggling, like everyone else, with toilet paper shortages. In Australia, toilet paper is called dunny paper,

If you can’t watch the video from the email I sent you, please go to my web page (here) and click on it it there. My email program doesn’t do a great job of sending MP4 videos. None apparently do.

See you tomorrow — Harry Newton

  • TomFromVa

    Hi Harry – I dont generally do anything on the stock market because of what is in these columns but I LOVE the humor bits – and today’s are especially good. THANKS FOR YOUR EFFORTS

  • Dman

    Hey Harry, have you ever looked into Project LookingGlass?……..Trump now has control of it. Who is Nikola Tesla? Who is John Trump? Who wrote the book(s) “Baron Trump’s Marvelous Underground Journey”? When was the book(s) written? What does “Future Proves Past” really mean? Why did they bury JFK Jr. at sea? The evil dem party is finished. If you don’t believe me just ask Tom Hanks and Rita Wilson.

    The Great Awakening
    Trust The Plan
    Future Proves Past
    WWG1WGA
    These People Are Sick
    Q