COVID-19 looks a bit like a planned event intended to make the replacement of the dollar with the Renminbi (Yuan) by China.

If the dollar were no longer the accepted World currency, we would have no resilience against our debt, and our dollar would be worthless overnight. The only thing keeping the dollar from being replaced is the weakness of the Renminbi. Lets hope the President recognizes that and keeps up the pressure.

At the money VIX is 82.69, thats a record.
The stock market is crashing, there is no denying it.
The reason is because whole national economies have been shut down and more will also stop due to quarantine, the US economy is going into lock-down now. By default this will cause a recession as everyone stops doing things. Earnings will be down by a lot so the natural discounting is in play. This is a black swan event. But the there is nothing fundamentally wrong with businesses behind the stocks. So I would think there will be a massive rebound. I think this sell off will go on another couple weeks, market gets cut in half from its high. The thing about this crash is the speed, computer automated trading is something that is accelerating the velocity of the crash.

This all is accelerating the China disconnect. Buy Mexico, buy US based heavy industry and quality US based companies. That is after the sell off settles.

The media will find ways to blame Trump for the stock market. So this may be the pivot away from the Russia and other overused TDS Hoaxes.

I said that Friday was a dead cat bounce and today is the proof. Now will the cat get up and move tomorrow?It could easily do another dead cat bounce again until this completely bottoms out. When? Maybe this will just be a bear for 3 months and slowly unwind another few points. It’s alresfy lost nearly 30%! Who knows, but buying now is a risky business. I’d wait for a while, but any comments are helpful.