Thursday, February 27, 2020

Morning Charts 02/27/2020 SPX

Corona has everyone freaked. For good reason I guess. Should you start to prep? I’d say yes just in case - to a degree. Be prepared to be shut in your home for a while. Advil, Batteries, basic food, a bunch of booze or your favorite whatever, some extra ammo (if it goes zombie level) should do it. When the scare hits everything will disappear off the shelves. I’d prep in stages. Little extra here and there. If you want to go all out be my guest. Down here in GA, we’ll buy a few more basics than usual every week building up to crisis levels over time. The problem will be when everyone freaks for no reason. It will more than likely be regional. It’s gonna stress supply chain.

On to the lie -

I guess you should prepare for the worst in the markets as well. Sell strategies, options, allocation of retirement or variable accounts etc. I guess it’s time to blow the dust off any exit/safety strategy you have and  implement step one. Panic will come, on the streets and  in the markets. Best to have some of the preliminary steps taken just in case you need to pull the trigger. If governments are shutting borders, schools, and implementing isolation related tactics - shits for real.

More to come below.

Have a good day.

GL and GB!

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