Lockdowns spreading, people are back to hoarding toilet paper and bullets. Landmark Danish study finds no significant effect for facemask wearers Only minimal stimulus seems likely during the transition. (Funny how anything less than a trillion dollars seems minimal these days.) Is another broad-based crash like March coming? How do you prepare for something like that? -- Equity put options – example of an S&P 500 put that more than doubled in March while the market when down 20%.  -- Stop loss orders – though they don’t always work in flash crashes. -- Go to cash now and book a month at the beach.  -- Low-ball good until cancelled buy orders. (Examples of gold mining stocks that tripled from their March lows.) Expect gold miners to report great earnings and massive cash flow in January and Feb, which will support their stock prices.