On March 4 I predicted that:

The Corona Virus is not going to be a terrible world-wide epidemic.

The Corona Virus is not going to cause a world-wide depression.

And again on March 24 I made some specific predictions about number of deaths, less than three million and the Dow not lower than 14,500. I’m going to stick with these predictions. Even in the eye of this terrible storm I’m pretty sure that we will survive and thrive. And it will be to some extent because of the institutions that everybody is so ready to criticize today. The WHO, 3M, the CDC the political institutions.

Special thanks to the Queen of England for her reassuring words.

Is it time to get back into the market?

WWIT: What Was I Thinking

Photo is of rain and poppies along the Grand Canal near the Pueblo Grande Museum on March 12, 2020 BC (Before Corona)