Quick Update on COVID-19

by JDH on March 21, 2020

You don’t need me to tell you what’s happening on the market.  You have the internet, I assume.

The price of gold is back to where it was in August 2019.  A big correction, but not the end of the world.

The DOW closed Friday around 19,000, a level last seen in the fall of 2016.  Again, a big correction, a crash if you will, but is it the end of the world?


The next few weeks will be very tough.  COVID-19 cases are increasing in North America, and that’s not good.

But, it appears that people are finally getting the message.  This is not “just the flu”.  People are staying home, and that ultimately is what will stop the spread of the coronavirus.

All of the smartest medical people are working on this.  It appears that hydroxychloroquine, and anti-malaria drug, may provide some relief.  We will get through it.

I’m an optimist.

The human race is undefeated against all odds.  We have never been defeated.  We will prevail over this as well.

And when we do, and people go back to work, the pent up demand will create the mother of all rallies.

I predict that the markets will hit all time highs this year, again.  Crazy?  Perhaps, but if we get this thing under control in the next three months, we can be back to work in the summer, and it will be full steam ahead.

So, if you can find some cash to be ready deploy, I think it will be a great opportunity.

We shall see.

In the interim, wash your damn hands……