Check YouTube for Bergamo Virus videos.
Bergamo has become Italy’s EPICENTER for COVID-19.
Bergamo is Pope John XXIII’s hometown.
Pope John XXIII was an exceptional human being and an outstanding pope.
He is NOT called the ‘Good Pope’ for nothing.
You could trust John XXIII — and thousands, if not more, did.
He is credited with personally saving thousands of Jews during WW II — and that was way before he became pope.
Per Catholic tradition Saints sit on the right side of God (quite literally).
So, IF John XXIII was a Saint, he would be seated close to God.
John XXIII would not sit and let humanity suffer — and he would definitely intervene to help Bergamo.
IF John XXIII is a Saint Bergamo would NOT be the epicenter for COVID-19.
I have studied Pope John XXIII.
I wrote a book about him (below).
Trust me on this. I have no axe to grind.
Pope John XXIII is NOT a Saint.
Those Who This Morning Thought Markets Would Close Up Deserve To Lose Everything They Did — And Why Is ‘Ferrari’ UP?
The mentality and acumen of many of my fellow investors amaze I!
Why would you think — on a FRIDAY — with New York & California closing down, that THE SMART MONEY (and yes, I do count myself among those (SMILE, SMILE)) would go LONG into the weekend. [‘Long’, meaning without taking risk off the table.]
That is not how it works. Smart money is risk averse. They are NOT going to get caught short over the weekend in case things really start to unravel. Best to unwind position and keep your powder dry for Monday.
All that said, I am LONG — and have been for 20-years! But, I am SMART MONEY.
I knew that we would close down today. Had to. If we hadn’t, I would have despaired.
I am keeping an eye on Ferrari.
Now, in the case of Ferrari — I did sell! I had owned Ferrari for YEARS, since it was spun off from ‘Fiat Chrysler‘ in 2014!
I will buy it back — later in the year.
But, why is it going up NOW?
How is rushing out buying cars right now.
I feel bad for the stupid money. SMILE.
I can deal with this. It just requires perseverance — a commodity that is not in short supply when it comes to I.
Funny thing. This ethereal roadblock kind of follows I. Always ahead of I today. But, it did not deter I. I knew there would be light.
Don’t you? SMILE.
There will always be light — in the end.