[ExI] Odd Market Moves

Dylan Distasio interzone at gmail.com
Fri Mar 13 11:43:36 UTC 2020

It depends of course on one's time horizon, but I was with Baron Rothschild
buying as the blood flowed through the Street yesterday...

It's going to be a bumpy ride for sure though!

On Fri, Mar 13, 2020, 6:42 AM John Clark via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

> On Fri, Mar 13, 2020 at 5:29 AM Rafal Smigrodzki via extropy-chat <
> extropy-chat at lists.extropy.org> wrote:
> >> *Dylan Distasio: This is a full blown financial panic similar to
>> 2008-2009.   EVERYTHING is being sold without fail.  Even interest rate
>> sensitive securities like utilities have been sold all the way down here
>> despite the decline in interest rates.   FWIW, I am a heavy buyer of US
>> equities at these levels.*
>> > *### I am thinking about maxing out my home equity line and buying
>>> airline stocks, Tesla, S&P 500, or whatever.*
> You're a braver man than I am. In the long term someday airlines will
> certainly come back but existing airline companies and their stock price
> might not, and as John Maynard Keynes said "In the long term we're all
> dead". In 2008 and 1987 and even 1929 there was just economic uncertainty,
> this time there is biological uncertainty too.
>  John K Clark
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