Joseph G. Witthohn, CFA
VP of Product Development Emerald Asset Management

Good morning.

Stocks have been up for three straight days, but it appears this streak might be coming to an end as the market has been jumping back and forth all morning. One of the items that has investors worried is the continuation in the number of virus cases … as the daily count is not much different than it was a month ago … regardless of the increase in outdoor temperature. Sure, it actually might be due to more testing as some claim … but we might be over 120,000 reported deaths by the end of the day … and there is now indication, according to the model once used by the White House, that we could be over 200,000 come October.

A big question now, of course, is if we have entered the “second phase” … or if the first one has yet to complete. Some schools, however, are taking early precautions … doing away with a fall “break” … doing a degree of learning via computer when able … and shutting down from Thanksgiving until after the New Year.

In addition … as if we didn’t have enough to worry about … there are now reports that flushing toilets help spread the virus … as the “cloud” lingers in the bathroom stall … ready to pounce on the next visitor. Of course, every cloud has a silver lining I guess … and once word gets out we should certainly see an increase in the sale of adult diapers.

On a final note, it’s kind of strange … and could be proof that money, indeed, does not buy happiness

Even in light of all that is going on, markets have almost tripled from where they were 10 years ago … tripled. Are many of those who were invested, better off? Probably. And when you think about it such things as education have improved as has life expectancy. Cancer is still a problem but not necessarily a death sentence as it was back then. And entertainment … well … watching almost any movie … and playing all sorts of games … is at our fingertips. On top of that, we’ve been pretty safe. What the heck do we have to complain about?

Yet, today there is a report that Americans are the unhappiest they have been in the last 50 years!

Maybe we just expect and demand too much.

Maybe we are turning into a society of “Karens.”

And maybe … if we want to focus on the negatives and steadfastly refuse to count our many wonderful blessings … we should don masks all the time, virus or no virus …

… for they will hide the frowns we voluntarily choose to wear.

Have a great day,

Joseph G. Witthohn, CFA
Vice President
Emerald Asset Management PA, LLC
610 Freedom Business Center Drive
King of Prussia, PA 19406
Direct: (610) 285-9905
cell: (856) 625-7915

… as of 11:51 AM today …

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