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I live in Chester in the UK, and the government here has been gearing up heavily for a coronavirus COVID-19 outbreak. There have been dedicated facilities set up to test and treat those affected for several weeks now, and the government has made it very clear that it will take strong measures to combat any COVID-19 outbreak here, up to and including shutting down travel and quarantining entire cities if necessary. As the evidence so far worldwide suggests that a strong response can contain an outbreak this is very reassuring.
This afternoon, after the market closed, I wanted as absolutely little stimulus as possible. I had an appointment at the vet for one of my dogs, and I drove in complete silence. I passed by the headquarters of Robinhood Trading on the way, expecting there to be people with torches outside, but it was completely vacant.
Once I was done with the vet, my nerves had calmed down enough, and I clicked on the radio. They were talking about the crash today, of course, and the NPR commentator stated that we were down 19%, “not quite a bear market yet, but you can hear the bears rustling.”
The short-selling ideas I’ve offered over the past six weeks or so have thrown off profits of about 30%. Here, one by one, are the percentage changes since my personal entry points. Incredibly, some of the changes exceed 70%. This is directly from my Excel portfolio spreadsheet.
Excuse all the back-patting today. I need to do it to keep my muscles limber. Anyway, you may recall my Why Not Zoidberg post (Actually, it was just for my Gold and Diamond members), suggesting shorting HYG. I have put an arrow on the day where I suggested shorting it. Beautiful.