Eduardo Garcia wrote today in sentidocomun.com.mx about the other Corona, the beer. Mexico amazingly decided to halt the construction of a brewery in Mexicali by Constellation Brands, after a nay vote in a referendum there in which only 4.6% of the Mexicali voters cast a ballot. This was imposed by Mexican Presidente Andres Manuel Lopez Obrador despite the prospect of a $1.5 bn investment which would help the region. It was first authorized under the former government in 2016. Those who voted were worried about water shortages which had already been covered by permits. The beer was going to go north to the USA helping the Mexican peso and employment. Presidents can be dumb.

Today is another up day. The Dow-Jones average fell 600 points yesterday but it opened up over 6.5% (1500 points) today along with the S&P 500, up 6.7%, and a wave of happy rises from foreign markets. Now the Dow is even higher. The Nikkei is up 7.13%; the FTSE 500 5.35%; the Kospi (Korea) up 3.2%. Up days come up every now and again because most people who invest are optimists.

Today's good news is that our president behaved almost presidentially at his virus briefing last night, with only a brief possibly deliberate cringe-making moments when he reacted to the health expert lady saying she had run a fever over the weekend and his again peddling a theory that an AIDS drug will help rapidly limit the virus's spread. He stopped calling it the China virus.

He significantly did not lambaste the democrats for limiting the corporate bailout to ensure more help for those without jobs or insurance--desperately needed not only for social justice but to contain virus contamination from those who cannot afford to self-quarantine. The Senate has still to approve the $2 trillion stimulus package which must do both. The Treasury Secy Mnuchin and Sen Chuck Schumer say they are close to a compromise. Trump just shut up, which is a smart move.

Your editor is still in ACAT mode with about a quarter of her shares still being kept by TD Ameritrade so I am essentially unable to trade, which may be a benefit.

We are also seeing smart moves from corporations worldwide which are cutting their longer-term operations to focus on current necessities. Some firms are cutting their dividends to keep cash on hand for short terms needs. Closed-end funds are halting their discount management to free up cash to buy bargains. C-suite executives are making charitable donations or taking pay cuts to join in the agony of shareholders as stocks dropped. Insiders are buying not selling. Spending is being cut in companies where sales are likeliest to fall. We discuss these tactics and solaces in our portfolio below, for paid subscribers only.

Note that the US dollar is falling which means foreign stocks, in general, should be doing better. A high buck is a poisoned chalice. The drop is a reaction to the 3rd set of emergency measures by the Federal Reserve today

New York state now has over 25,000 coronavirus cases, double that of 3 days ago, according to Gov. Cuomo. Japan has canceled the summer Olympics. My daughter says to cancel the Passover Seder but I am not ready for that yet. If we do it à deux we can avoid infection.