Like most people who have money at risk in the stock market, I took some time out from walking dogs and playing with the world’s most beautiful granddaughter this past weekend to read the financial press and some of the various blogs and research sites I follow.

The current thinking is skewed towards the tails with either “buy the dip,” or “run and hide” being the prevalent suggestions right now.

There is very little rational thought being applied in mainstream information services right now, and it’s difficult to tell if the world is ending sometime in the next several days or if recovery is imminent once the spread of the virus slows down.

We’re living in a very news-driven phase of the market, and the story (for the most part) has been pretty bad.

It doesn’t help that we live in a world where ad spend and clicks are the most critical measurement and shouting louder than your competitors is more important than having real information.

Let me be upfront. I have no idea how the virus spreads (or doesn’t spread) over the next few months, or how the stock market will react to what happens.

What I do know is that when the markets make big swings, the knee-jerk reactions from Wall Street can create wildly profitable environments for patient, aggressive investors.

Let me show you…

Every once in a while, the market loses its mind.

That’s where we are now. The market is being driven by coronavirus fears and the hope that we do not have a socialist with a chance of winning the White House in December.

The Joe Biden rebound sent stock prices higher yesterday morning as investors had a moment of relief when Sanders only won four states.

In a scene reminiscent of the baptism in The Godfather, the Democratic National Committee handled all family business this week by removing lagging candidates and collecting endorsements for Mr. Biden.

The market likes the fact that the contest will come down to two elderly Caucasian men who aren’t socialists.

Bernie’s early rise was a source of concern for every capitalist in the country, including yours truly.

We’re a long way from done with the primary cycle, but Mr. Biden’s resurgence gives us some hope that we, as a nation, have not truly and completely lost our minds.

However, that does not mean we can sound the all-clear…