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2401 Meadow Creek Drive
Medford, OR 97504
March 2020  Newsletter
Market Comments
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The Coronavirus frenzy is dramatically affecting pubic behavior.   We are all now encouraged to distance ourselves. In Oregon we are being told to not attend gatherings of 250 or more people. Airline travel should be avoided. Even Disneyland is closing for a month. Additionally, many employers are asking their employees to work from home. As a result the economy is expected to slow.

The market has dropped due to this slowing of the economy; a brief recession is now a possibility. The fact that there are only 1400 Coronavirus cases in the US makes the extreme volatility in the market seem way overdone. We will have a vaccine for the virus in one to one and half years.

Our Gerritz Wealth Management portfolios are all 40 to 50% invested in US treasuries or similar bonds. This helped reduce stock market exposure a great deal.  I also reduced our stock exposure as the market began to slide down.

As Warren Buffet said, this may be a great time to pick up some bargains.

The key for now is to wash your hands regularly.

A copy of the S.E.C. Form ADV Part II is available upon request.