There are US administrations where nothing happens, and there is the Trump administration where everything happens all at once.
Lenin, I believe. More importantly:
Uncertainty is the friend of the buyer of long-term values.
Buffet. I am sure on that one 
Faaackinâell, extreme fear turned to greed. Personally not buying it, yet, or buying in general 
The rug, I think will be pulled. Of course thatâs, like, my opinion, man.
Green Monday folks! Let me tell you, a tremendous day. Itâs going to be a beautiful, lush green, they say itâs never been so green before, maybe four to eight years ago. But we are going to do it bigly, everybodyâs talking about it GO GREEN!!
Trump did say âbuy stocksâ
Was this China deal already agreed before arrival in Switzerland?
BTW - kudos to Switzerland. The two superpowers consider it to be the neutral place
I can imagine you could do well just buying extreme fear and selling extreme greed. Weâre still ânormalâ greed levels.
No, I mean portfolios of pension funds, second pillar.
Ainât that the olâbuy low sell high? I thought itâs harder than that
it was also a very deflationary crash, so your drawdown in real terms wasnât even that crazy.
2008 is the true benchmark for a drawdown in my opinion. Truly modern interconnected markets and the finanical system close to total collapse.
Maybe in paper terms, however the breadlines etc are thankfully something we didnât see in 2000 or 2008.
In 2000 I was a fresh university student and donât recall the dot com bust being very âloudâ. I do recall something Enron something making the mainstream news, but not much more and donât personally know anyone affected by it.
2008 was indeed very bad for many, this time including for people I know personally.
Similarly the Greek stockmarket double bubble and double crash in ~1998-2008 affected people I know on a first name basis.
My broader point is that while I agree that older crashes may be less relevant in terms of what the world looked like, what stays in peoplesâ memories is also a significant consideration.
I started work in the year 2000 and so saw the stark contrast: when they hired us, theyâd put on lavish welcome event and parties, no expense was spared. A few months later, the mood completely changed. Costs were cut, new hires were quickly fired if they didnât measure up. The next year hiring intake was drastically cut back.
In retrospect, this was a huge boon for my cohort as supply for our skills was restricted (due to the firings and reduced hirings which lasted for a while) and later on after the sarbanes-oxley came into force, it created a huge demand for professionals in this area shortly after the pipeline for new professionals had been demolished. These 2 forces created a positive force for us for 2 decades in this career.
Any greener weâd be in Greenland by now (pun very much intended). Oh wait, maybe thatâs the plan?
Every good news these days is coupled with bad news.
Did everyone see Trump announcing sweeping reforms (via executive orders) in Pharma pricing in US? The whole Pharma sector is bleeding today
Ticker XDWH should give an idea
I really wonder if the market is unhinged at the moment, seems the US made progress towards giving up more than they had 2 months ago, with China âpayingâ a comparatively lower priceâŠ? And as I said above, even in a fantasy world where everything is back to normal, weâd just be back ok the valuations train.
Global market discount for Swiss investors is now âonlyâ 10%. This is a significant change since few days and is caused by double whammy of CHF/USD going down and stock market going up.
I donât quite understand what kind of deal is struck between US-CHINA. They simply removed the random tariffs which were placed after the first random reciprocal tariffs. Most likely this should be seen as parking position & begin negotiations rather than an deal itself.
EDIT -: 30% should be compared to 20% which was situation on 31 march. So in summary both China & US agreed to apply 10% additional tariffs versus 31 March situation for 90%. This means this pause equivalent to other pause that everyone have.
I see only a 2-3% move so far. Iâm currently net long pharma, but it is only around 2-3% of my portfolio.
I think US market is still to open. But Pharma stocks in all countries have taken a dip today.
Yeah CHSPI is basically evened out/at zero change, with some in plus (UBS) while others in minus (Novartis, Roche, Lonza,âŠ). Not much greenery here yet.
Yes itâs not a deal, it just reopens trade (100% tariffs meant trade was stopped, while 30% is more acceptable) for a 90 days window for negotiating a deal.
Man, human psychology is weird.
When the crash happened and USD and VT dropped it felt like the sky was falling and I was close to panic-mode.
Now USD and VT went up considerably and I am like âNo dude stay low till my next salary, I want cheap prices!â 
About -8% right now (VWRL.SW), but nearly back above water on an absolute CHF value since Feb, buying some of the dip/rebalancing helped small portfolios.
Effing exhausting, boss!
