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Two thoughts at the same time

When the stock market crashes due to oil market disruptions causing a covid-style 1-2-3-4-5 punch of recession/stimulus/inflation/deflation/stimulus, your stocks will crash too.

It won't matter if you are holding cheap stocks, like my own portfolio of gold miners for example.

They may trade at a run-rate P/E multiple around just 5 ±2, and half that if as…

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