Never write anything when you are angry. It’s a golden rule. Nobody wants to hear your rant. So this blog is going to just be a 5 minute read at most, just to show you we are still here.
I have just discovered that from next Monday if anyone wants to visit us at our office, they will have to wear a mask. What for!
Masks are most probably totally useless in trying to stop something as small as a virus. Why? Imagine a planet like earth, and on that planet there is a little girl with a balloon. Now that size ratio earth:balloon is exactly the same as balloon:coronavrus. The coronavirus is incredibly tiny, it is free to enter and exit at will around the sides of any loose fitting mask and indeed through the material itself. Completely useless. Rant over. Breathe.
The last 5 months.
I decided it was time to look back at every blog I have written since January, to see if I have been spouting irrelevant, incorrect or plain misleading information. I’m happy to say it’s all as relevant and correct today, as it was when I dared to commit it to the keyboard. It took me an hour and a half to read the lot, so if you have time on your hands now we are all under house arrest once again please feel free.
In July I wrote:
“To these eyes that have studied thousands of charts, they are currently suggesting a flattening out is occurring. A pause for breath is OK, normal even. But soon we will be looking out for a pickup. If it doesn’t become apparent, we may need to be taking action.”
I wrote that about the FTSE 100 and FTSE 250, and indeed we have seen both indices level out. The FTSE 100 has now dropped lower, but that is because it is stuffed with large companies that thankfully we don’t own like the banks and the oil companies to name just two. Thank god I have seen the light and don’t invest our savings in index-trackers. The HSBC got its share price nose bleed moment today, down 6%.
Here’s the FTSE 250 index
The FTSE 250 is still holding its support, the direction it takes next is crucial.
Here’s the FTSE 100 index
The FTSE 100 is showing signs of fatigue (like the rest of us) and the continuation of “up the stairs” has now been broken. If it doesn’t find support at this level it could get messy.
Here’s our moderate portfolio
Thankfully still steady as she goes and typical for this time of year. Down less that 0.01% since my last update in June. That’s almost non-existent, so small even a mask couldn’t catch it. 😷
I started this blog with What Next! It was a rhetorical question, I wasn’t looking for an answer, I’m just flabbergasted like the rest of the North West. But I will finish it with What Next? I will dare to suggest what comes next if my old crystal ball is still working.
- The market’s have already priced in a recession so should hold around this point.
- There will be 10% of the UK working population unemployed by Christmas.
- Cycling deaths and injuries will spike this month.
- There will be no second wave anywhere in the world, there will however be localised outbreaks particularly in places where Covid didn’t reach before.
- Politicians in every nation will claim they saved our lives.
- Personal taxation will rocket.
- We will have it confirmed that about 75-80% of the population actually held a natural resistance to this 5th human transmittable Corona Virus.
- We will have it confirmed that masks were just the “Dumbo’s feather” that was created to get people back out there.
- My office like all others will have fallen in value by 30% at least.
- All of the 176 vaccines currently being researched will have limited to no effect.
- The annual death toll this year will not be much higher than the 5 year average and will be significantly lower next year.
Like Brexit, Covid-19 is a highly emotive topic, please feel free to comment and to help me to correct anything you feel I have got wrong.