I’m tired. Exhausted in fact. I haven’t felt like blogging or talking about stocks or markets with anyone for awhile. It wasn’t a bad quarter for me personally, but I know the toll our current situation is taking on so many. I feel for those less fortunate, I feel for those out of a job, I feel for the small business owners, I feel for the sick and the dying, and I feel for the brilliant scientists working feverishly to find a potion capable of curbing or alleviating the wrath of this stupid virus. These are the things I spend the majority of time thinking about right now.
If you want to know my thoughts on the markets, you’ll have to wait for a while. It is not that I don’t have an opinion. I most certainly do and I am seeing things shape up everyday that are strengthening my viewpoint on what is in store for us a month, a quarter, a year down the road. To borrow a line from Dr. Michael Burry from “The Big Short” – “People want an authority to tell them how to value things, but they choose this authority not based on facts or results.” I bring this quote up because if I can offer one gem to you in all of these blogs through the years it would be to learn to think for yourself. If you are still finding yourself attracted to the thoughts and opinions of some guru on the internet or television, you have a long way to go. In the hundreds of blogs I’ve done I feel like that is the best thing I can offer you. Learn to think for yourself.
Now for the Deep V thing. I don’t know why this came to mind when thinking about this post. You might remember a post I did last summer entitled, “Do You See What I See?” If not, give it a read now because it is a theme that may be shaping up in front of our eyes as we speak. Stocks that matter exhibiting the “deep v”:
I will leave it at that.
You are free to think for yourself.
See you in Q2.
Trent J Smalley, CMT