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Sunday, 03/29/2020 4:13:02 PM

Sunday, March 29, 2020 4:13:02 PM

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The damage being done to our economy by the hour due to a quarantines and disruption of commerce worldwide is almost impossible to quantify. The Tsunami of Credit defaults and the secondary bond market will be hard to imagine once fully priced in to this market. I would suspect smart money knows that even once a therapeutic becomes available on mass scale the virus will look weak in comparison to the financial destruction world wide...

To keep the HYPE in check about this virus consider this 5 Million Cases Worldwide, 650,000 Deaths Annually: The Seasonal Flu Virus is a “Serious Concern”, Corona virus Grabs the Headlines

This is no doubt a Killer Virus and all SHOULD FOLLOW THE GUIDELINES OF THE CDC AND Governmental authorities ,however the absolute Hysteria
Media hype is just as scary as the absolute destruction of economies and wealth.

Learning from 08 I will play this market on both sides of the fence. As far as COOP $1.50-3.00 before we turn north. I must say though after watching this Shite Show For the last 12 years I probably wont put another dime in a Mortgage Co at this point.

Best regards to all and I pray that this cloud of death darkness and mania passes.
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