I’m still pretty pissed off over what the scamdemic shutdowns did to our economy and the tax bases that fund essential services. Tens of millions of people put out of work for no reason whatsover. A totally manufactured economic depression, and the people behind the shutdown could care less now that they have found a cause they think will help them politically. Fifty million kids can’t go to school because of muh killer virus and a creepy middle-age lawyer dressed as a Grim Reaper is roaming Florida beaches, but thousands of people rioting for a week is okay.
Now that the left wants to riot in the name of eliminating law enforcement across the country, the WHO wants you to know that whole bit about how you just don’t know who is carrying the coronavirus wasn’t true all along.
But now America sees that there is no limit to what the radical left will try to destroy in an election cycle – they’ll destroy your job, your kid’s education, your spiritual life, your right to grieve, your ability to watch your child’s birth, your ability to call the police if someone breaks into your house – and Americans can cast informed votes. I’m not sure there is such a thing as a cheap moment of clarity.
Now, three months after my “The Coronavirus Crash is Bullshit” post, the S&P has erased all of its losses for the year and the Nasdaq hit a record high – yes, it is higher than it was before the coronavirus puke. In the stock market, the coronavirus never happened. And if you invested in the stock market in the darkest days, you’ve made bank.
My biggest gain has been my first foray in over twenty years of investing into wildcatting energy stocks. I have more than tripled my money since the great oil puke based on my assertion that solid cash flows are going to be solid cash flows no matter how insanely stupid the rest of the world gets. I just wish I had levered up. I’ve been less excited about hitting superfectas on the ponies than playing commodities.
As I said over and over again, don’t bet against America. I feel like that is good advice about this election cycle, too. When you are in a state of despair over what these assholes have done to schools and small businesses and their chatter about eliminating the police so they can achieve their ultimate goal of anarchy and the forceful redistribution of wealth, remember… in this country, people always come back to their senses.
I can tell you one thing the stock market is not pricing in: Democrats sweeping government. They aren’t pricing in jacking up taxes, restoring onerous regulations, and sowing anarchy in urban areas. I think most sane people look at the corporate media polls and see the same level of credibility and intellectual honesty as coronavirus models.