unemployment percentage ever has me holding on to my wallet. IMHO, Today is a good opportunity to improve your liquidity if you have participated huge around the lows. More opportunity coming I think. But I have no idea.

On the one hand, we're looking at staggering economic contraction that could impact a lot of the businesses I've been looking at for years, so I have to consider impact on earnings (which I hate to do). Then we're printing infinite amounts of money, so Modern Monetary Theory isn't a theory anymore, it's the new normal. I think at some point that's not productive.

The Good news today.
• U.S. stocks are surging higher, as the growth rate of new infections slowed in the U.S. and Europe over the weekend. The Dow Jones Industrial Average was up 965 points, or 4.6%, around 10:30 a.m. The S&P 500 was up 4.5% and the Nasdaq Composite was also up 4.5%.

The Bad News today.
• U.S. unemployment is likely around 12% to 13% and rising, while GDP will probably fall by 30% in the second quarter, former Federal Reserve Chair Janet Yellen said in an interview with CNBC Monday morning. Recent jobless claims numbers, reported before much of the country was in lockdown, showed about 10 million Americans losing their jobs in two weeks. That preliminary number is “absolutely shocking,” she said.