How Will the So-Called “Swine Flu” Affect Your Portfolio?
Wednesday, April 29th, 2009I refer to the latest crisis as the “So-Called Swine Flu” because I’ve heard that the pathogen is a combination of human, swine, and avian flu. I believe this is referred to as a recombinant virus. I’ve also heard that these qualities could enable the germ to pass from humans to animals and back again, possibly mutating into a more deadly form.
I think we need a new and easier name for this illness. How about “Cocktail Flu?”
Are there any Stephen King fans out there? How about “Captain Trips?” Well sorry, that would be premature at this point…maybe later…let’s pray not.
I have listened to several different epidemiologists and docs on talk radio and in mainstream news stories over the last several days. The general consensus seems to be that we don’t know yet if this flu outbreak will be a pandemic or peter out. (Many of the docs I’ve heard on alternative media think there’s a possibility this virus was cooked up in a lab and either released accidentally or on purpose. Gary Ridenour, M.D., was all ready with a book on the pandemic potential of avian flu.)
Until we know what this virus is going to do, I think extreme caution with any long positions would be wise. Obviously, if this turns into a pandemic, your portfolio will suffer. (Gold, silver and other hedges should be OK.)
Quote of the Week:
“When there are two conflicting versions of a story, the wise course is to believe the one in which people appear at their worst.”
~H. Allen Smith, as quoted in the April 27, 2009 issue of Forbes magazine.
Buried News of the Week
I had a very strange experience last night. In listening to all the commentary about this flu outbreak, I realized, hey, I heard something like this a couple of weeks ago. Then I thought, “Hey wait a minute. A couple of weeks ago, there was no flu outbreak.”
Having said that, I am NOT vouching for the veracity of what the woman in the clip below says. Quite frankly, there are several things in her story that don’t make sense to me.
However, I do find it very strange that a few short weeks before this outbreak, someone called into a radio show claiming that the Department of Homeland Security was transporting large amounts of bird flu virus to various parts of the country.
The woman provides an incredible amount of detail, ostensibly to back up her story. That leads me to believe that if this is just a “lucky” hoax, it should fall apart fairly quickly due to the level of detail she provides.
If anyone has any theories about this caller, I’d be happy to share mine as well. Please comment!
Check it out at your own risk!
