May 20 – If you know where to look, the important information is out there, it’s just people don’t realize the value or where that information is until its investment value has passed and no way to time the stock market.
As the Washington Post reported on March 20…
U.S. intelligence agencies were issuing ominous, classified warnings in January and February about the global danger posed by the coronavirus while President Trump and lawmakers played down the threat and failed to take action that might have slowed the spread of the pathogen, according to U.S. officials familiar with spy agency reporting.
Most investors, given that same information, would have sold their stocks or altered their portfolio to shelter the coming storm. Sens. Richard Burr and Kelly Loeffler are accused of selling large amounts of stock before news of the coronavirus outbreak sent the markets falling.
Sen. Burr claimed he was acting on public information. Possible but he knew where to look. A few private investors might know people in the government who told them the situation was going to get bad and were able to prepare their investments or business for the coming calamity.
So now with the stock market rising, and news of potential vaccines on the horizons, one might be forgiven for not looking to much behind the curtain but perhaps now is the time to do so.
The Hill reported
A leaked Pentagon memo on Tuesday revealed that top Department of Defense (DOD) officials have been planning for the possibility that the military could be dealing with a “globally-persistent” coronavirus pandemic well into 2021.
Is this memo like the intelligence briefing? Early knowledge of what will happen in the future? Is this a signal for people who want to look at market timing to prepare their portfolio?