Wednesday 14 October 2020

Stalling At The Top? Proper Charlie Munger.

Baltic Dry Index. 1732 -75  Brent Crude 42.35

Spot Gold 1895

Coronavirus Cases 14/10/20 World 38,201,808

Deaths 1,088,758

Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it.

Mark Twain.

We open today in the stock casinos as usual. For a change, the casinos seem strangely nervous that a left wing Biden presidency might not be up to all of the stock promoters hype.  And also, the new coronavirus relief package might not happen now until after the November 3rd elections. 

For too many firms and unemployed individuals, that promised relief is already too late, and even at the Democrats 2.3 trillion Magic Money Tree money, is likely to be too little to avert the next round of lay-offs.

Don’t look now, but we’re at 38 million known infections, and climbing.

Asian equities slip as vaccine trials, stimulus talks stall

October 14, 2020

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