The Dow drops 700 points (1,200 off yesterday's high) and everyone is back to Doom and Gloom. We are in the MIDDLE of a Global Catastrophe that will play out over the next two to three months – it's the expectations of the participants that need adjusting – not the markets...
Come on, I'm not messing around here – WHAT is your trading plan? Surely you have one if you are in charge of trading your portfolio, right? If you were a General in the Army and you didn't have a plan – your troops would very likely be screwed.
US infections have jumped from 85,996 on Friday, when we had just passed China, to 143,055 as of 6:11 this morning and that's up 66% in two days. Globally, there are 735,650 infections with 34,686 deaths and 154,673 recoveries so, to date, 18.3% of the outcomes are – DEATH!!!