When everything in our world is ‘normal’ and there’s no huge topic sucking the air out of the news, we hear about all kinds of things in one news cycle on all TV stations; N. Korean missile testing, Prince Harry leaving England, how much Iran hates us, how good the stock market’s doing, Angela Merkel allowing muslims into Germany,etc ., and the news discusses all these things which aren’t hugely important but newsworthy ad nauseum.
Suddenly, there’s an earthquake or a bad hurricane or a pedophile pervert or a VIRUS and EVERYTHING STOPS. ALL THEY DISCUSS IS THAT BIG THING THAT HAPPENED.
Yesterday, I posted the following phrase in a comment and it got me thinking about this subject of NEWS COVERAGE again; I say we close down the media for 30 days and watch 80% of the world’s problems go away
They may not go away, but they might lessen, they might affect us less. I don’t know about YOU but I don’t want to hear about a young coed who was found dead in Minnesota. I feel bad for her but it bothers me and we have enough things in our own states without hearing dreadful news from afar. Tell me about the coed killed in L.A., that’s enough.
IT IS 24/7 VIRUS NEWS NOW, AS YOU KNOW. Don’t grocery shop, wear masks, don’t wear masks, it’s going well, it’s a nightmare, a certain blood type might be more susceptible, is that drug going to work?, etc etc………..ALL DAY EVERY DAY SEEMINGLY FOREVER.
IS NOTHING ELSE HAPPENING IN THE WHOLE WIDE WORLD?
OR IS THIS HOW MUCH PABLUM THEY TELL US WHEN THINGS ARE NORMAL AND THE NEWS CHANNELS HAVE 24/7 TO FILL IN ORDER TO GET ADVERTISERS? $$$
THERE is a good reason to CLOSE DOWN THE MEDIA FOR 30 DAYS…If nothing else, FOR OUR NERVES, right?
And yes, I KNOW, some of you don’t watch a second of TV news. GOOD! But most of America does, and I wondered what you all think of how THE MEDIA LEADS US AROUND BY THE NOSE WHETHER WE ACTUALLY WATCH IT OR NOT!
Z
geeez2014
GeeeZ .... 
If you’re lookin for a contradiction from me, you’re gonna hafta change the subject.
The “News” in today’s world:
A grad-level practicum on exaggeration, hyperbole, bias, and doom focused on ‘Orangeman Bad!’
A kaleidoscopic presentation of fear, imaginary racism, political campaigning, and uncorroborated conspiracy repeated every hour on the hour until the next PotUS briefing or mass shooting, whichever occurs first.
A prostitution of Gutenberg’s, Marconi’s, Farnsworth’s, and Al Gore’s inventions.
The bugs in the fixtures in America’s boardrooms, bar-rooms, bathrooms, and bedrooms.
The medium through which ignorance, envy, suspicion, and vengeance are exposed through typographical, editorial, and managerial errors.
An alarming and annoying series narration of overhyped catastrophes ending with a “gotcha!” moment aimed at anyone in power who is not a Democrat.
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Well, it is click bait news of course. Revenue based. If the talking heads didn’t have people paying them, sometimes ad sponsors, other times evil people with money, we wouldn’t hear any of it.
Look back to what sort of news came out while WWII was going on. It was to sell war bonds. One of the flying aces who set up his 6 wing mounted 50 caliber machine guns to pinpoint a single spot 300 yds in front of his plane was talking to an audience about how he used them to decapitate a German pilot in an ME109. The audience didn’t want to hear that stuff. They only wanted to hear about how we and the allies are winning the war without the gory details. The nature of news.
We’ll, stock market set to rip again today.
https://www.bloomberg.com/markets/stocks/futures
Why? Who knows, least of all the media.
I don’t trust the up surge yesterday and today fwiw.
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24 hr news, 24 hour sports, 24 hour weather. Who doesn’t long for the good old days when you didn’t know it was raining or snowing till you stuck your head out the door in the morning.
Who doesn’t long for the good old days when rather than the media canonizing a basketball player he-oops-it would be subject to the following:
How does someone become a saint?
Step one: Wait five years – or don’t. The process to make someone a saint cannot normally start until at least five years after their death. …
Step two: Become a ‘servant of God’ …
Step three: Show proof of a life of ‘heroic virtue’ …
Step four: Verified miracles. …
Step five: Canonisation.
Who doesn’t long for the good old days when one came home from work to watch the 6:00 evening news or if you missed it there was always the 10:00 PM news. Miss it and there was always the next day.
Who doesn’t long for the good old days when if we kids behaved the old man would load us into the station wagon and head for the White Castle…once a year; when there was one fat kid in the entire school; when there was one old fat guy or woman on the entire block.
Let’s face it people our world is gone never to return.
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I asked yesterday, in a few places, wasn’t there this big FISA scandal that was being revealed?
But the real news is lost in the background of this overblown dempanic.
If Congress held any REAL post-event inquiry into this, it should be as to how the nation got hi-jacked.
Whose agenda was it to kill the economy?
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Government officials “leading us around by the nose” through the state propaganda mechanisms is only a manifestation of something far worse, which is that the government and all of its minions know “we the people” for who we are: mindless morons who no longer deserve to live in a free society. They have always controlled us through fear, and we, as are most sheep, are afraid of almost everything. The British are coming, or a Negro slave uprising, or the Nazis, or the Japs, or the Russians, or our water is almost gone, the earth is warming, the sea is rising, climate change, and the Moslem hordes. Now … the virus will kill everyone in America unless we (fill in the blank). What happened to the America that refused to allow government to dictate its terms to us? As Ed suggests, that America is no more … and we have no one to blame but ourselves. “Bye bye Miss American Pie.”
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So agree with all of the above; Zabelle, you have some excellent thinkers and writers on your blog. Thank you all. Jean
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Bocopro…100% correct…By the way, you mention ‘imaginary racism”
EVERYBODY; DID I HEAR PELOSI AND SCHUMER ARE TALKING ABOUT HOW A PREPONDERANCE OF BLACKS ARE DYING FROM THE VIRUS AND THEY WANT TO KNOW WHY, AS IF IT’S WHITE HOUSE RACISM?
oH, OKAY…I GOOGLED AND FOUND THIS: https://www.msn.com/en-gb/news/world/aoc-and-laura-ingraham-row-over-coronavirus-and-racism/ar-BB12eTB5
fUNNY, i’m reading along thinking “Man, what a liberal slant on THIS” then realized it was from msnbc 🙂 Oh, THAT’s why!! Astonishing…..
I guess it’s like Blacks in prison; it’s RACISM, not that maybe more young Black males aren’t employed and get themselves arrested for various things.
So now it’s Blacks and the virus; it’s RACISM, not that maybe a lot more young Black males aren’t obeying the warnings. By the way, if they DO stay inside, what’s stopping them? AOC blames socioeconomics! it costs NOTHING TO STAY INSIDE, Dummy!!!!!
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Kid, the market is doing what it always does, right? Good news…it goes up. Bad news, it goes down. That’s what I trust. The news that we MIGHT be at the ‘hump’ or ‘apex’ sooner than previously thought is very good news, hence the up in the market, no?
And, yes, IT IS ALL ABOUT THE SPONSORS.. Period. TALK TALK TALK TALK $$$$$$
You mention that story about the soldier talking about gory stuff…it reminds me of Turner Classic Movies; every time they show a truly patriotic war film, Mankowiz (the host whose name I don’t even want to learn to spell) introduces it as overly patriotic, made to incite pro war emotions, etc….he uses about 100 ways of saying that without actually saying it. Makes my teeth grind.
Peter!~! I agree totally…I OFTEN say on this blog “I long for the days of NEWS AT 6, FILM AT 11″….oH, FOR THOSE DAYS!!! Nothing couldn’t wait for the next day. So we watched Carson and then slept and spent a peaceful day until NEWS AT 6 again!!
Honestly, ALL DAY LONG on FOX or CNN or whatever…..they talk NOTHING but the virus and EVERY SHOW introduces the Manny ALvarez, Mehmet Oz, Dr Segel, Dr Saphier, …that’s FOX because they agree with Trump. Then I don’t watch CNN much, but you go there and it’s all ANTI TRUMP DOCTORS SAYING HE’S DEAD WRONG…
HERE IS THE NEW NEWS:
A Republican news reader’s producer calls around for docs who agree with them…they come on.l
The Liberal news reader’s producer calls around for docs who agree with them…they come on.
THAT’S NEWS?
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Ed, the only thing I wonder about when you say this is IS TRUMP A PART OF THIS NATION HI-JACKING or a VICTIM OF IT?
And yes….You are SO RIGHT…FISA? WHo remembers FiSA? Right? DURHAM REPORT? WHAT REPORT? OR WAS IT DUNHAM? 🙂
ED…THIS IS A PERFECT EXAMPLE OF THE POINT OF MY POST, WHICH I FEAR I DIDN’T REALLY MAKE PERFECTLY CLEAR; SUDDENLY, IT’S THE MEDIA TELLING US WHAT WE SHOULD BE THINKING ABOUT…..PERIOD. NOT THE REAL EVENTS OF THE DAY!!!
MUSTANG AND ED; What would you have done with a virus that has killed 10,000 in about 2 weeks time? YES! We ALL think the government has greatly overplayed its hand….
IF YOU WERE TRUMP; WHAT WOULD YOU HAVE DONE? IS DR BRIX A HOAX? IS FAUCI REALLY THE STINKER I THINK HE IS ONLY BECAUSE HE’S AN AVOWED CLINTON LOVER?
JEAN; I often say I HAVE THE VERY BEST COMMENTERS ON ANY BLOG. You are SO RIGHT!!!!
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Mustang – soooo right. People are controlled by fear, not altruism. And fear ‘sells’ (papers, e.g., also candidates). Altruism doesn’t.
The media has always been full of this kind of thing, but we weren’t surrounded by it 24/7 from print, voice and visuals. There is NO escape. The drumbeat on the news that many of us don’t watch has become a vibration sent through all society via the tuning forks of social media, the classroom, and our offices. Even our CHURCHES and doctors’ offices! All are laying tripwires to detonate a functional culture built through centuries of nurture. And they cover their covert perversion by sensationalist gloss that supplies more heat than light.
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Re-thinking – maybe not candidate so much. Largesse is what they sell. And, as Thomas Sowell once wrote, politics is the art of convincing people that your selfish desires are a national issue.
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CaNDACE OWENS WROTE THIS, WHICH I FOUND SO APPROPRIATE FOR MY POST…SAME KIND OF THING! “Apparently, doctors and nurses around the world are wondering why no one is dying from heart attacks and strokes anymore.”
!!!
BAYSIDER AND OTHERS; Churches being closed was awful, and many Conservatives believe it’s some plot to shut faith down; all sorts of theories out there. It might have worked….I don’t see it, but many think it MIGHT have worked…my thought?
PEOPLE WILL BE (PARDON THE UNINTENDED PUN) FLOCKING IN TO CHURCHES THE DAY THEY’RE REOPENED..
KIDS WILL BE HAPPY TO GO BACK TO SCHOOL!
PEOPLE WILL LOOK FORWARD TO GROCERY SHOPPING!
WE’LL ALL BE THANKING OUR POSTMAN (I ALWAYS HAVE, BUT… THAT’S A Z ODDITY)!
WE’LL GO VISIT OUR ELDERLY RELATIVES MORE OFTEN!
PEOPLE WILL BE EXCITED TO SIT AT THEIR DESKS….
ETC.
IF THIS IS MEANT TO BE SOME CONSPIRACY TO SHUT US DOWN, I THINK IT’S AS HORRIBLE A BACKFIRE AS ADAM SCHIFF SAYING HE WANTS HEARINGS TO MAKE TRUMP LOOK BAD FOR HOW HE’S HANDLED THIS…………TRUMP’S NUMBERS ON HANDLING THIS ARE UP ….
BACKFIRE….BACKFIRE! I LIKE IT!
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My point wasn’t churches being closed. Not concerned about that as a target. I meant even our churches are part of the drumbeat being used to disembowel the culture. All of these useless, and even dangerous, distractions being perpetrated by media, schools, work places, a segment of the medical world – all elements that use to inform, enlighten, build and protect – are working in harmony to tear apart.
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No doubt about that….others have suggested there’s some anti Christian cabal behind the closing of churches NOW…..
But, yes, in general, we can all be assured there is an attempt to tear apart.
Baysider, I spoke to Cynthia today, who’d worked ON The Comfort some years ago…remember she talked about that at an Opening? She was saying SHE HAD NEVER MET YOUNG PEOPLE LIKE THOSE NURSES ON THAT SHIP. Disciplined, dignified, knowledgeable, respectful, kind, talented….ASTONISHING PEOPLE. Everything is “yes, SIR” “No, MA’AM” etc. She said if you even dared put a candy bar paper into the wrong trash, you got a friendly tap on the shoulder and …. !!!
I said “Our parents used to raise children with those traits…..what happened?”
I think you’d agree…before THE SIXTIES? Our bunch hear talked about this a week or so ago? That the GREATEST GENERATION sort of rested on their much deserved laurels and let their kids get too much STUFF and too little DISCIPLINE and RESPECT FOR OTHERS>
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Yes to the traits parents used to instill in children. I just finished reading The Thomas Sowell Reader, a collection published in 2011. So much in there about childhood and training from the past. I usually take notes from each book I read – key highlights I want to remember (where do you think I get so many quotes in your blog 🙂 ). I couldn’t on this book. I would have just been taking dictation. I stand in awe of this man, the one who did the most to train me not so much what to think, but what thinking is and how to do it.
Off topic, but one of his great quotes on that (and taken from Abdu Murray’s book Saving Truth) is: The problem isn’t Johnny can’t read. The problem isn’t even that Johnny can’t think. The problem is Johnny doesn’t know what thinking is, and confuses it with feelings.
Maybe not so off topic. This is, after all, why we fall prey to so much of emotional palaver.
And I remember Cynthia’s time on the ship. Wonderful.
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Possibly some light at the end of the Corona Tunnel:? Not so fast.
The liberal breeding grounds of higher leftist propaganda once known as America’s colleges and universities are feeling the revenue pinch to the extent some may have to suspend operations permanently or so we may think.But then at some point what’s another couple of trillion of Corona money i.e. taxpayer $$ to keep them afloat, or raise tuition and once the crisis passes Sallie Mae can step up handing out student loan money like Chiclets. Or how about filling empty class space by doubling, tripling or even quintupling the student visas to the Red Chinese students who number a mere 350,000 today. With the cash from another million or so technology thieves the deans are happy and the Chinese government sees it as a favorable quid pro quo. Once again America get out the friction modifier.
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@Baysider, Thomas Sowell is on a par with George Orwell imho.
@Z, the markets are extremely complicated. They have to be or else people could just program their computers to trade stock indexes and we’d all be billionaires. (In 25 words or less)
The smartest person I’ve read over the years on the markets is a guy named Jeff Saut who was chief market strategist for Raymond James… Damnit to hell but he retired months ago.
Here is one of his almost daily missives from March 12, 2019:
The cliff notes on this are: Bull Markets have 3 legs. The first and 3rd being the shortest, the 2nd, which is the one we are in now is the longest and as of March 12, 2019, we were just entering. The market would still be ripping if it wasn’t for this virus interruption and based on this, I expect the markets to start ripping again once this is out of the way. If I remember he expected this leg of the bull market to last 8-9 years and we are only a year into it.
I never read anyone who was Right as much as this guy. He had his finger on it and if he was wrong, he was the quickest to point it out and provide course correction. I valued him for the long term market analysis as short term trading is strictly casino and the house always wins.
So, fwiw-
____________________________________________________________________________
Morning Tack – “Boeing Crash” If I have heard it once, I have heard a million times from stock market guru Leon Tuey. To wit: “Many persist in believing that the S&P is ‘the market’ which it is not as it only represents 500 big cap stocks and it is a weighted index. On any given day, however, several thousand stocks are traded in the U.S. and that is ‘the market’. Hence, it’s much more important and more informative to watch the Advance-Decline Lines as they reveal the true health of the market. SHORT-TERM: Last week, the short-term oscillators (daily) registered oversold readings pointing to a bounce this week, and the market is rallying right on cue. Pundits, however, point to the 200+-point drop at this morning’s opening. Little do they realize that much of the loss was due to a sharp plunge in Boeing and other airline stocks while Advance outnumbered Declines by a margin of more than 2-to-1 both in New York and on the NASDAQ. In other words, most stocks rallied. INTERMEDIATE-TERM: As mentioned, in the week of February 25, a consolidation/correction was signaled as the market was grossly overbought, momentum and sentiment deteriorated. Short-term rallies notwithstanding, until a grossly oversold condition is reached, momentum and sentiment improve, further consolidation/correction lies ahead. As noted, the correction will prove to be rotational/time rather than magnitude as in December, fearful of a recession and a bear market, investors liquidated their equities ferociously. Consequently, they are grossly under-weighted in equities and are sitting on a mountain of cash. Now, they are starting to realize that given the Fed’s dovish posture, there is no recession and as this begins to dawn, investors will scramble to get back in. Hence, the consolidation/correction is nothing more than a normal reaction to an overbought condition within an ongoing bull market which is healthy. After gaining more the 19% from its December low, the bull is just trying to catch its breath, a well-earned rest. “If there is one thing to be gleaned from the futures market this morning, it is this: the Dow Jones Industrial Average is not ‘the market’. When one refers to ‘the market’, think the S&P 500.” . . . Briefing.com Y . . Source: FactSet. Data as of 3/12/19 7:57 a.m. LONG-TERM: The secular bull market which commenced on October 10, 2008, remains firmly intact. Investors are witnessing the second leg of this great bull market that began in February, 2016 which is always the longest and strongest as it is driven by improving economic conditions caused by the monetary stimulation of years past. Since the first leg lasted nearly seven years, despite the black headlines and the widespread fear, the current leg remains relatively early.” And then there was this from our friends at the astute Lowry’s Research Organization: “On Monday, the DJIA and S&P 500 rallied throughout the day, adding 0.79% and 1.47%, respectively. The lag in the DJIA was the result of extraordinary weakness in one of its largest components – Boeing (BA). Overall, Demand and the breadth behind the gains were strong, with Up Volume at 83% of total NY Up/Down Volume, while Advancing Issues made up 79% or total Advance/Decline Issues. Further support for Monday’s rally was reflected in Buying Power’s 4-point gain and Selling Pressure’s 4-point loss.” Stock Chart’s, John Murphy, went one further by writing: Please read domestic and foreign disclosure/risk information beginning on page 3 and Analyst Certification on page 3. INTERNATIONAL HEADQUARTERS: THE RAYMOND JAMES FINANCIAL CENTER | 880 CARILLON PARKWAY | ST. PETERSBURG FLORIDA 33716 “1) TECHNOLOGY SECTOR LEADS TODAY’S REBOUND AND HOLDS ITS 200-DAY LINE 2) SEMICONDUCTORS ARE HAVING AN EVEN STRONGER DAY 3) THE NASDAQ AND S&P 500 REGAIN THEIR 200-DAY LINES 4) THE DOW SHRUGS OFF BIG BOEING LOSS 5) AND IS BEING LED HIGHER BY APPLE, INTEL, AND MICROSOFT 6) MICROSOFT NEARS ANOTHER TEST OF ITS DECEMBER HIGH” As for me, I have always averred the support level for the S&P 500 (SPX 2783.30) was in the 2700–2730 level and that the December 2018 intraday low of 2346 would NOT be retested. Last week’s pullback stopped at 2722.27; GED! Speaking to crude oil, as Cornerstone Analytics’ savvy Mike Rothman writes: “Fears of an economic slowdown in China have recently weighed heavily on global oil prices. Demand deterioration leading to a drop in demand might sound like straightforward logic, but February’s Chinese oil usage data paints a completely different picture. Year over year crude demand increased by almost 15%, a staggering 1.78 million b/d for the month. Keep in mind that the per capita oil usage in China is at only 2.3 barrels a person – about one-tenth the usage rate of the US. With coal still accounting for 70% of China’s overall energy usage, we continue to have trouble turning bearish on China’s impact on the global oil balances. In the words of Mike, “it’s strange to see such a preponderance of bearish beliefs that keep getting defied by obvious bullish data.” Yesterday, the SPX rallied 1.2% above its 200-day moving average, suggesting this rally may have upside “legs.” This year, the Federal Reserve has taken a softer tone, concerns regarding a trade war with China have fallen, and recessionary risks have declined. This more benign backdrop creates the potential for multiples to expand despite uninspiring profit trends. This morning, the preopening futures are marginally higher with no real overnight news.
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There is, on a scale of possibilities, worst, bad, not-so-bad, not-so-good, good, better, and best. So then, here we are in a society who agree to temper our desires for the betterment of our collective society. We’re all in it together, or so we are told. In matters of law, it is not true. Most of us are in it together, but not any of the Clintons or others of their ilk, and with this realization, our confidence in the law begins to fall apart.
We should ask, then, what is best for society (all of it, which admittedly has many parts) in regard to dangerous viruses? Using the scale above, we should assign some rating to the decisions being made for us by various government agencies. Shutting down the economy, putting people out of work …. is this rated best, or something lower? People say that when you have your health, you have everything … except that people who aren’t getting proper nourishment don’t stay healthy for long. Protecting people from a virus by starving them doesn’t seem “best” to me. Not being able to pay one’s bills doesn’t seem very healthy, either, from a mental (stress) point of view. How should we rank being forced to say inside our homes? Best? Not-so-good? We are a mobile people, we do not like being imprisoned in our own homes. There is a psychological impact to this that can have significant consequences. Are we ready for that?
Personally, I think everyone connected with the virus has failed the test. Trump should consult with the best experts, but it isn’t up to the experts to make the final call … it’s up to the President, working hopefully, with state governors. Right, wrong, or indifferent … make a decision for America that is clearly BEST for Americans.
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Mustang, my basic thought is that people who are under 50 and in good health should be free to do whatever and go wherever, while people over 50 or those with respiratory problems feel free to isolate themselves (or not).
Beyond that we need to abolish current government, default on the debt, and re-create a government that is by the people and for the people and that has consequences for government officials who do not conform to this concept.
Have you noticed Everyone calls politicians “our leaders” these days? Not good.
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Agree Mustang!!! We consult with experts for – well – expertise. Then use wisdom to make the call. Otherwise, our plumbers, doctors and car mechanics would make decisions not in our best interests. We HAVE to stop thinking in terms of “leaders” and “experts.”
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The problem with church being shut down on Easter is that many people will have their annual church attendance cut in half!
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BAYSIDER…you said “I couldn’t on this book. I would have just been taking dictation” What a clever way to put it. I SO GET YOU.
I ADORE THOMAS SOWELL! ALWAYS HAVE…what a man.
KID…right, but am I not pretty correct in that? I mean, when things are going south, the market generally doesn’t do so well. I’m ABSOLUTELY NOT SAYING ANYTHING’S AS SIMPLE AS THAT, but it IS the general opinion, right?
That guy you admire sounds fabulous, not so much in his advice (which is clearly excellent) but when someone’s first to admit they goofed, I put more stock (pardon the unintended pun again!) in what he says, you know?
If a salesgirl saw me in a dress I tried on and said “You know, that’s really not your color..” I’d know that whatever she said positive in the future, I COULD BANK ON!!!
MUSTANG, I don’t agree but I see your points. We don’t know how bad this could have become if we hadn’t hunkered down. We could never know that..except maybe taking China’s numbers into account since world experts say their numbers DEAD were ENORMOUSLY past what they said. Who knows? (actually, W.H.O. doesn’t seem to know crap, but…)!!!!!!!!!!
I think that Fauci isn’t someone I’d have included but he has a good reputation..>Brix has just the right experience for what she’s doing, etc.
I’m not always SO pro Trump on some things….but I believe he got it right on this bunch of people working around the clock.
I will say HE gets your point about starvation killing, too, which is WHY he’s implementing all the loans/gifts, etc., WHICH I DISAGREE MOSTLY WITH, by the way…….but he DID say “we could have a lot of suicides over this and we have to help these people before that happens because they have no jobs, etc.”
BAYSIDER and MUSTANG!! , what EXPERTS would you have used other than those Trump selected??
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Z, Hard to talk about the stock market with any sort of authority. The best of them have to test the waters on a day to day basis but generally speaking I think there are some things that ring true over time.
-Investors look to where the market (earnings) are going to be 6 months or more from now If you can figure That out you have an edge.
-Look at a chart of the indexes from start to today, they all go up from bottom left to upper right and so far there has been no 20 year time period where people have lost money.
-At least 75% of daily market volume is program trading, meaning literally that Goldman Sachs and others have computers literally inches away from the market computers (Nasdaq, Nyse, etc) since the speed of electricity from their computer compared to others merely connected over the internet gives them a millisecond advantage over making a trade and they churn all day long.. Must be nice.
For us, the only strategy is to bet on the long term and guess that the markets at least keep us abreast with inflation. People can ‘beat the market’ but it is very very hard to do.
-reduce exposure to rick as you get closer to or are in retirement. All things financial advisors would say.
No One knows what the markets will do tomorrow, next week or next month.
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OKAY, Kid, but while things sometimes go askew, I think if they announce tomorrow the virus is over, or some other wonderful thing, I’m betting the market would improve over falling apart. I really like that “looking ahead to where the market will be”..makes great sense. Mine is all at Fidelity so I don’t look often, they take care of it, and it’s not a ton of dough but it’s not bad….SO I’m talking strictly from what I KNOW, which is extremely little.
I appreciate your sharing your experience!!
I actually went a very tiny bit less conservative a few years ago and made money to where I thought “WHY had I stayed so conservative for so long?” but I agree…as we age, we need to reduce exposure to…FAILURE 🙂
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I’m making a distinction between getting input from experts and letting them make your executive decisions for you. They input. You process and decide.
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There it is Z.
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