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No. of Recommendations: 1
Yes, the cash-constrained are now selling what they can, rather than --months ago-- what they should have. But the knock-on effect of marked-down holdings isn't fun.

Two things are going on. One is the medical situation, which is merely the catalyst for, not the cause of, the second, which is the unraveling of the central banks' Ponzi schemes. COVID-19 is just a contagious flu for which treatment already exists, hence, the irrationality of the panics and shut-downs.

We all knew that the debt-fueled bubbles would burst sooner or later, and we knew so 22 years ago when the Fed bailed out the counter-parties to LTCM's bets. But once Wall Street was assured that the Fed had their backs, no risk became too great to take, and now Main Street --once again-- is bearing the brunt of that greed and recklessness.

No, MSFT won't default, as won't most of what I own. I just don't like being marked up and then marked down.
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