Gamble.
I did not see the Wuhan Virus affecting the economy or market like a lot of folks predicted ¡ª and I like to think I have been very right, thus far.
Trump flat-out put the economy in position to boom and it did. I advised many folks along the way to take advantage of it and it is still panning out.
Now, that is subject to change. As you have mentioned Biden and his ilk will for sure stall the economy. Especially, should the Left gain control of the Senate.
However, I do not know why so many economists put such an emphasis on the Wuhan Effect. I just never saw it being that big of a factor. The economy had too many factors in place to prevent holding it back.
It is like a racehorse when the jockey is trying to restrain it. Right now the economy is doing its thing despite the Left and the Media pushing the Wuhan Virus nonstop.
It can be argued the market is over-valued; it can be argued the market has been propped up; it can be argued the market has been pushed while neglecting other things. What cannot be argued at all is that this has been the best market we have seen in a very long time, maybe ever. We may not see this sort of market for a couple of more generations.
The market is far too complex and dynamic for this to have stifled it completely. The market is not based on that sort of thing.
Sure, it was due a correction and maybe the Virus helped bring that on. But look how quickly it recovered even while lockdowns were still in effect, etc. Basically, it just put everything on sale and created buying opportunities.
Now if the policies and other things that helped jumpstart the economy are changed ¡ª sure, we will have a whole different set of market dynamics then. But the virus and potential vaccines have had very minimal influence, I think. That sort of thing is not what runs the market. Especially, when most folks see the Left and the Media being irrational about the Virus.
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