Speaking of things budgetary, I just found this article in this morning's Chron. Edited for brevity:

The staggering economic fallout from the COVID-19 pandemic is expected to create a budget deficit in San Francisco of from $1.1 billion to $1.7 billion over the next two fiscal years, city officials said Tuesday.
The grim projections accompanied an announcement that San Francisco’s budget-setting process would be delayed for two months to buy the city’s financial experts time to readjust their spending plans in light of stark revenue losses.
In December, the projected budget shortfall over the next two fiscal years was pegged at around $420 million. That gap between the city’s spending plans and available revenue has roughly quadrupled. Last year’s budget, the largest in the city’s history, was $12.3 billion.
“The coronavirus pandemic is an immediate threat to our public health, and we’re doing everything we can to slow its spread and save lives, but we know that it is also having a major impact on our economy and our city’s revenue,” Breed said in a statement.
The city has already sustained substantial losses brought on by the threat of the coronavirus and its attendant impact on the economy. The estimated losses reflect evaporated revenue the city otherwise would have expected to receive.
Over the next three months, city officials expect a shortfall of from $167 million to $288 million, driven primarily by losses in hotel and real estate-transfer taxes. The 2020-21 fiscal year is shaping up to be worse, according to the projections, with $330 million to $581 million in revenue drained away. Losses in the 2021-22 fiscal year are estimated at between $214 million and $382 million.

Interesting . . .
https://www.morningstar.com/articles/976038/what-to-make-of-pimco-incomes-return-of-capital

https://www.sec.gov/Archives/edgar/data/747546/000168386320001575/f2978d1.htm
497 1 f2978d1.htm 497
PARNASSUS FUNDS
PARNASSUS INCOME FUNDS
Parnassus FundSM
Investor Shares: PARNX | Institutional Shares: PFPRX
April 1, 2020
Supplement dated April 1, 2020 to the
Summary Prospectus and Statutory Prospectus, each dated May 1, 2019, as amended and restated March 17, 2020
Name Change and Strategy Change
Effective as of May 1, 2020, the name of the Parnassus Fund will change to the Parnassus Mid Cap Growth Fund, and all references in the Prospectus are hereby changed to the new name as of that date. As of that same date, the Fund will move from being a "multi-cap" fund to a fund that primarily invests in mid-sized growth companies. So, while the Fund currently invests materially in mid-sized growth companies, effective as of May 1, 2020, this will be its primary focus, and effective as of that date, the Fund's "Principal Investment Strategies" disclosure is amended and restated as set forth below. In connection with this change, the Fund's investment objective will remain the same and the Fund may continue to hold any company that it has previously purchased regardless of changes to its market capitalization.
The Parnassus Mid Cap Growth Fund seeks capital appreciation through investing primarily (normally at least 80% of its net assets) in mid-sized growth companies. The Fund considers a mid-sized company to be one that has a market capitalization between that of the smallest and largest constituents of the Russell Midcap® Growth Index (which was between $1 billion and $33.7 billion as of May 31, 2019) measured at the time of purchase. The Fund will not automatically sell or cease to purchase stock of a company it already owns just because the company's market capitalization grows or falls outside the ranges of the Russell Midcap® Growth Index, which are subject to change. The Fund may normally invest up to 20% of its net assets in smaller- and larger-capitalization companies. A growth company is a company that the Adviser believes has a superior and pragmatic growth strategy and the potential for above-average revenue and earnings growth. The Fund invests mainly in domestic stocks of companies that are financially sound and have good prospects for the future, and to a lesser extent may also invest in foreign securities of similar companies. The Fund may purchase foreign securities directly on foreign markets. The Fund is fossil-fuel free, as it does not invest in companies that derive significant revenues from the extraction, exploration, production or refining of fossil fuels; the Fund may invest in companies that use fossil fuel-based energy to power their operations or for other purposes. To determine a company's prospects, the Adviser reviews the company's income statement, cash flow statement and balance sheet, and analyzes the company's sustainable strategic advantage and management team. The Adviser also takes environmental, social and governance ("ESG") factors into account in making investment decisions. The Fund will sell a security if the Adviser believes a company's fundamentals will deteriorate, if it believes a company's stock has little potential for appreciation or if the company no longer meets the Adviser's ESG criteria.
And the following risk factor is added to the "Principal Risks" disclosure, effective as of May 1, 2020:
Growth Investing Risk. The Adviser may be wrong in its assessment of a company's potential for growth and the growth stocks the Fund holds may not grow as the Adviser anticipates. Finally, there are periods when investing in growth stocks falls out of favor with investors and these stocks may underperform.
The following risk factor has been modified as shown below to fit the revised investment strategy of the Fund, effective as of May 1, 2020:
Small- and Mid-Capitalization Company Risk. The Fund invests primarily in mid-capitalization companies, and may also invest in small-capitalization companies, both of which can be particularly sensitive to changing economic conditions since they do not have the financial resources or the well- established businesses of large-capitalization companies. Relative to the stocks of large-capitalization companies, the stocks of small- and mid-capitalization companies are often thinly traded, and purchases and sales may result in higher transaction costs. Also, small-capitalization companies tend to perform poorly during times of economic stress.
The paragraph with the heading "Large-Capitalization Company Risk" is removed from the "Principal Risk" disclosure, effective as of May 1, 2020.
In the "Selection Process for Equity Securities" section, the paragraph with the heading "Parnassus Fund" has been replaced with the following, effective as of May 1, 2020:
Parnassus Mid Cap Growth Fund
The Parnassus Mid Cap Growth Fund seeks capital appreciation through investing primarily (normally at least 80% of its net assets) in mid-sized growth companies. The Fund considers a mid-sized company to be one that has a market capitalization between that of the smallest and largest constituents of the Russell Midcap® Growth Index (which was between $1 billion and $33.7 billion as of May 31, 2019) measured at the time of purchase. A growth company is a company that the Adviser believes has a superior and pragmatic growth strategy and the potential for above-average revenue and earnings growth. While mid- capitalization companies can be riskier than larger companies, they can also possess more potential for future growth.
A significant portion of the securities held by the Fund may be disposed of in connection with the change in investment strategy to align the securities portfolio of the Fund with the mandate that the Fund invest primarily (normally at least 80% of its net assets) in mid-sized growth companies. Any realignment could result in additional portfolio transaction costs to the Fund.
******
Please Read Carefully and Keep for Future Reference

What a whopping day is was in HY Munis where many funds lost 0.8-1%
I sold everything again and now at 99+% in Gov MM.
Basically, I gave back about 50% of what I made last week. Life goes on :-)
Don't know what happened to Munis today but this (link) has an explanation.
But it’s important to note that bonds issued by states and localities are only part of the muni market. About two-thirds of the market is “revenue” bonds — those issued by everything from hospitals to transportation providers to colleges and universities, all of which are about to take a serious hit from a shuddering economy.
“You could draw a dotted line from the economic impact of coronavirus to any facet of muni finance,” Kazatsky said.
“Investors have to brace for systemic downgrades across states, cities, hospitals, transportation, even essential service utilities,” Fabian said. “You can think some pretty grim things these days. The economic data is going to turn terrible.”
What does that mean? The municipal market is wary of sweeping predictions, like the one in 2010 by banking analyst Meredith Whitney, who warned of “a spate of municipal bond defaults,” as if state and local governments had never confronted an economic downturn before.

@VintageFreak
From the GP website, I looked at their top 10 holdings as of 1/31/2020 for the Micro Cap, Reach and Contrarian funds. I saw two holdings that were in each of the three funds, but held different percentage amounts in each fund.

https://www.sec.gov/Archives/edgar/data/101507/000143510920000074/usgiholmes497.htm
97 1 usgiholmes497.htm
U.S. GLOBAL INVESTORS FUNDS
Holmes Macro Trends Fund (the “Fund”)
Investor Class Shares
Supplement dated March 31, 2020, to the Prospectus dated May 1, 2019, as supplemented
IMPORTANT NOTICE REGARDING CHANGES TO THE FUND
At the March 27, 2020 meeting of the Board of Trustees (the “Board”) of U.S. Global Investors Funds, the Board approved, at the recommendation of U.S. Global Investors, Inc., the investment adviser to the Fund (“Adviser”), changes to the Fund’s name, investment strategies, and primary benchmark index, in order to highlight a focus on luxury goods-related investments, effective May 1, 2020. These changes, among other things, will be reflected in the Fund’s forthcoming prospectus and SAI dated May 1, 2020.
The costs incurred in connection with effectuating the changes to the Fund, such as filing fees, costs incurred in connection with the filing, printing, and mailing of shareholder notices, and attendant legal expenses, among other costs, will be borne by the Adviser and not the Fund’s shareholders. Trading costs associated with transitioning the Fund’s current portfolio of investments, which are expected to be minor, will be borne by the Fund. The Fund could also potentially realize taxable gains in connection with transitioning the Fund’s current portfolio of investments, which could expose the Fund’s shareholders to the possibility of a future capital gain distribution.
A summary of the anticipated changes to the Fund’s forthcoming prospectus and SAI dated May 1, 2020 is as follows:
1. The Holmes Macro Trends Fund will be renamed the Global Luxury Goods Fund.
2. The primary benchmark index for the Global Luxury Goods Fund shall be the S&P Global Luxury Index.
3. The section entitled “Principal Investment Strategies” will be revised as follows:...

We can see what happens when buyers come in to shore up their returns artificially. Futures down, opened down, now they swoop in.
Smart people looking to take losses will do well to sell today instead of waiting for June 30. I had been playing with the houses money in CGMFX, but now became my first unforced tax loss candidate for 2020.

Here is an interesting interview with Tom Barrack (Colony Capital chairman) that looks at how regulatory requirements within the Commercial Mortgage-Backed Securities (CMBS) market are connected to the current liquidity crisis in that market space. There are lots of short term interconnected temporary cash flow problems that need rapid resolution in this crisis situation. Many are unrelated to the historical (and potentially future) values of the underlying businesses and the creditworthiness of the individual borrowers confronting the problems.:
https://finance.yahoo.com/video/barrack-says-real-estate-collapse-222512472.html

Just found the SEC Filing so it is not an April Fools joke!
https://www.sec.gov/Archives/edgar/data/915802/000139834420007183/fp0052318_497.htm
497 1 fp0052318_497.htm
FINANCIAL INVESTORS TRUST
SUPPLEMENT DATED MARCH 31, 2020 TO THE SUMMARY PROSPECTUSES AND PROSPECTUS FOR THE GRANDEUR PEAK EMERGING MARKETS OPPORTUNITIES FUND, GRANDEUR PEAK GLOBAL MICRO CAP FUND, GRANDEUR PEAK GLOBAL OPPORTUNITIES FUND, GRANDEUR PEAK GLOBAL REACH FUND AND GRANDEUR PEAK INTERNATIONAL OPPORTUNITIES FUND (EACH A “FUND,” AND TOGETHER, THE “GRANDEUR PEAK FUNDS”) DATED AUGUST 31, 2019
Effective April 1, 2020, the Grandeur Peak Emerging Markets Opportunities Fund, Grandeur Peak Global Opportunities Fund, Grandeur Peak Global Reach Fund, and Grandeur Peak International Opportunities Fund will reopen to all shareholders.
Also, effective April 1, 2020, the Grandeur Peak Global Micro Cap Fund will reopen to all shareholders who purchase directly from Grandeur Peak Funds. The Fund remains open through financial intermediaries to shareholders who currently hold a position in the Fund. Financial advisors with clients in the Fund are able to invest in the Fund for both existing as well as new clients. The Fund also remains open to all participants of retirement plans currently holding a position in the Fund.
INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Just received this email (the table in the email has been adjusted below)
March 31, 2020
Dear Clients and Fellow Shareholders,
We are re-opening the Grandeur Peak Emerging Markets Opportunities Fund, Grandeur Peak Global Opportunities Fund, Grandeur Peak Global Reach Fund, and Grandeur Peak International Opportunities Fund to all shareholders as of Wednesday, April 1, 2020.
We continue to be encouraged by the limited redemptions by our shareholders as we experience increasing volatility in the markets, and believe it is in the best interest of both shareholders and portfolio managers to have the funds open at this time. Opening the Funds to new shareholders may provide an opportunity to make investment decisions in today’s depressed markets that we believe will benefit shareholders for the long term.
Grandeur Peak Emerging Markets Opportunities Fund GPEOX/GPEIX Open
Grandeur Peak Global Contrarian Fund GPGCX Open
Grandeur Peak Global Micro Cap GPMCX Open*
Grandeur Peak Global Opportunities Fund GPGOX/GPGIX Open
Grandeur Peak Global Reach Fund GPROX/GPRIX Open
Grandeur Peak Global Stalwarts Fund GGSOX/GGSXY Open
Grandeur Peak International Stalwarts Fund GPIOX/GPIIX Open
Grandeur Peak International Stalwarts Fund GISOX/GISYX Open
Grandeur Peak US Stalwarts Fund GUSYX Open
In the event the market has an unexpected rebound or the flows into the funds exceed our target asset levels, we are prepared to return back to a Soft Closed status to maintain a relatively small asset base and preserve the nimbleness for our research team. We will, of course, notify you in advance of any future changes to the funds’ status.
To learn more about any of our funds, call any of us on the client team (contacts below) or our shareholder services team at 855-377-7325. Additional information is also posted on our website: www.grandeurpeakglobal.com.
Best Regards,
Mark Siddoway, CFA, CAIA, MBA
Head of Client Relations
* The Grandeur Peak Global Micro Cap Fund is open through financial intermediaries to shareholders who currently hold a position in the Fund. Financial advisors with clients in the Fund are able to invest in the Fund for both existing as well as new clients. The Fund also remains open to all participants of retirement plans currently holding a position in the Fund.
The objective of all the Grandeur Peak Funds is long-term growth of capital. The Global Contrarian and US Stalwarts Funds are new and have limited operating history.
RISKS:
Mutual fund investing involves risks and loss of principal is possible. Diversification does not eliminate the risk of experiencing investment loss. Investing in small-cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit www.grandeurpeakglobal.com or call 1-855-377-PEAK (7325). Please read it carefully before investing.
Grandeur Peak Funds will deduct a 2.00% redemption proceeds fee on Fund shares held 60 days or less. For more complete information including charges, risks and expenses, read the prospectus carefully.

If S&P500 holds tomorrow, for those of us that only track to month-ending levels, March 2020 will represent the 133 month of the bull market that began March 2009. The bear we've been reading about this month, has not yet appeared. If only that helped the hurt I've been feeling lately.

...Or, responding to the title of this thread: "remains of the bull market?"
Vintage Freak is correct, I bet. I confess to feeling lucky that things in my portfolio did not get any worse than they did. PRDSX is still my laggard through all of this, but I reduced it to just a smidgeon of the portfolio in 2019. It was riding high back then, so I took from Peter to pay Paul, elsewhere within my stuff. It is still down -23%.

If S&P500 holds tomorrow, for those of us that only track to month-ending levels, March 2020 will represent the 133 month of the bull market that began March 2009. The bear we've been reading about this month, has not yet appeared. If only that helped the hurt I've been feeling lately.

I have been looking for a reliable trading system for many years. I ran hundreds of scenarios, mostly technical analysis. I wanted to find something easy, if you use too many indicators it's too complicated. You also don't want too many trades. I could find anything I like so I made my own system.
I looked at
50/200 moving averages--too late/early many time
10 months MA by Faber-It works only in crashes but not good at mild one. You can see it in this (link)
I tracked the performance of GMO, Arnott and AQR Capital Management and they were not good.
Inverted yield, PE, PE10 can be off by months and years
When I was younger I was very heavy in stocks but in the last 7-8 years I learned a lot about bonds, starting with PIMIX.
In the last 5 years and close to retirement I based my timing on the following
1) Bonds rule. Bonds must work rationally for me to be confident. Stocks don't have to be rational, they can go up regardless, at some point they will go down but they can be off by years/months
2) I simply set a rule of max loss from the last top for each fund I own. Years ago it was 3% for bonds and 6% for stocks. Now it's 1% for any bond fund I own, at 0.5% I start checking why.
If I sell a fund then I look at other funds in the same category, it the category bad or just this fund. Then I look at other categories, maybe they are doing OK.
example: rates go up most bond categories go down but wait, bank loans may go up.
make the switch.
When you have enough, it's just a number game. If I sell too soon and it rebounded and I miss the performance...I don't care.
3) Look at VIX. If it's over 30, it's a warning sign. Over 40 a stop sign. continue up, it's a danger zone. The key here is to look at extreme because it's hardly there.
4) Pay attention to the traders. I record fast money and watch it every day, at least the first 15 minutes. Pay attention to Carter Worth. Pay attention especially to an unusual guess Tony Dwyer with pretty good calls. These people give me the market internals, spirit and what the big Wall Street firms are doing. Investing for me is a passion for years.
5) I use simple tech indicators because many algos use it too. 50+200 MA, MACD, trends,
3-line-break (link) This fast indicator tells you to get ready to buy/sell. I used these for riskier stuff for short term trading.
When stocks lose and rebound, they will capture most times 40-50%. I look at the SP500 + 3 line break + daily MACD(weekly MACD is better) when to enter and stay for 1-2 days of trade. The more it's down the more you can make and stay with the trade. It's feeling but if I made money I sell anyway if I think it's enough.
For my longer term bond holdings, I use a simple trend. I have several bond funds I like and just switch.
6) Common sense based on the news.
Examples:
The Fed says they will raise rates, watch your bond fund, stay away from simple IG bonds
The Fed said last week they will support IG bonds, start buying.
Fast trading:
A very known stock had bad news after hours and falls 20%. The next day, you can see the trading prior to the opening. It opens even lower at -22%, you buy, it will go up several %, you sell.
PCI is one of the best known CEFs. It was going down sharply and more than the SPY, then one day it was down another 20%, this means, investors are desperate, then I buy, I made 5% in 30 minutes. The next 2 days it was up another 15% but I don't care. I made money.
So, why I sold almost everything weeks ago because 1) bonds, including treasuries were acting irrationally 2) VIX over 45-50. These 2 are enough to sell but then stocks were crashing and all the news media were talking 24/7 about the Coronavirus.
Bottom line: I have strict written rules that I follow but I'm also flexible. Never say never, I learn stuff all the time and then I test it to see if it works. It took me years to be comfortable to trade and use big %.

Anyone buying or Contemplating these funds?
7 Funds Reopening Amid Equity Meltdown
Past bear markets have shown that there likely will be more reopening announcements on the way.
Russel Kinnel
Mar 30, 2020
Mentioned: Artisan Small Cap Investor (ARTSX) , Wasatch Core Growth (WGROX) , Wasatch Small Cap Growth Investor (WAAEX) , Fidelity® Small Cap Discovery (FSCRX) , Artisan International Value Investor (ARTKX) , Wasatch International Growth Investor (WAIGX) , Fidelity® Small Cap Growth (FCPGX

@Charles - you mentioned "Our friend Junkster always touted the importance of having predefined "exit" criteria. He was/is a day trader so he watches for instabilities typically in price movements of what he calls "tight channel" funds. If he sees them, he exits the trade.
Others like Meb Faber practice trend following ... when price drops below say the 10-mo running average, they exit their position, either to cash or something (thought) safer."
Then asked "So curious if any on the board practice, in disciplined fashion, such techniques?
And, perhaps even more curious of whether buy-and-hold investors, especially retired ones, EVER think of exiting. Or, is it always just about re balancing?"
Tough questions but I'll try. NO I do not ever think about exiting. I'm pretty much all invested 99% of the time. While accumulating it was 95/5 figuring that SS would cover my wild abandon. Once retired I drifted down to roughly 75/25 by swapping some REIT's for PCI and PDI. MY portfolio is primarily a mix of individual dividend growth stocks and a handful of equity CEF's for income, PIMCO bond CEF's + IOFIX and 5 mutual funds BIAWX, GLFOX, MGGPX, POAGX and VLAAX. I do hold a pittance in SFGIX but I'm not sure why, maybe in case it ever becomes unstuck from it's funk. It is hard to apply the techniques I use across all holdings equally so I use certain ones for certain types.
I pretty much never touch the mutual funds. That's what I hired their managers for.
Likewise the bond holdings although I do check them occasionally trying to follow Junksters lessons along with a weekly MACD signal. I won't get into what it's all about suffice to say that MACD is an indicator used in technical analysis to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. MACD uses moving averages (trend lines and duration) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is a good indication of a security's momentum and so I watch for crossovers signalling buying when moving up from a trough or selling from a peak. Ideally I'd check them more often than I do but I try to pretend I have a life away from watching market action so sometimes I'm behind the curve unless price action screams at me.
My equity holdings are also rarely touched because most were bought during previous market debacles and now have considerable capital gains even after this current hosing. If I found suitable similar replacements I might swap them. Or not.
With these holdings, in addition to the MACD signal I also watch the RSI and the Chaikin Money Flow indicators. Again I am never on top of these 100% of the time but I check them occasionally and whenever Mr. Price beats on me. I use RSI to identify the general trend and watch for divergence especially from overbought or oversold conditions.
The Chaikin Money Flow tells the real story of how much demand there is for a stock whether positive or negative. The concepts of divergences comes into play here as well. If money flow starts to fall while price is rising, then the price will generally follow downward soon. Again, a change in money flow is a signal that something is about to change with price. The weekly and monthly tell you the real big money trend and I want to be on the side of the big money. A day trader could use daily I suppose.
Anyway, in this current meltdown all things seemed to have suffered equally so I see no reason to play with rebalancing and frankly I never look at my portfolio and think that I should. Crazy right? But my portfolio works for me and was planned out to do what I needed it to do which was to provide me with enough income to cover my modest needs along with a little extra to play with. To date I have only had one holding that suspended their dividend (can you say lucky) but I fear that we may be just in the first few innings of this game. Good luck out there.

° The traditional balanced portfolio of 60% stocks and 40% bonds lost 20% from its peak value.
° This is only the fourth time in 75 years it has suffered such a decline with the other moments coming in August 1974, September 2002 and January 2009, according to Michael Batnick of Ritholtz Wealth Management.
° An investor who rebalanced holdings back to the 60/40 asset split at the end of the month when a 20% decline was first registered would have been positioned for attractive returns in subsequent years.
° But some believe there are reasons to be skeptical that holding fast to the 60/40 stance this time will fare as well as in past decades.
Read Article from CNBC

The realm of what is talked about seriously is expanding......

Should market conditions deteriorate, the Federal Reserve could venture into the stock market, several market analysts and economists said.
Such a move likely would come in the form of a big ETF that tracks major market indexes.
Congressional approval would be needed to take such a step.
The Fed already has launched an historically aggressive use of its various powers.
“We’ve seen the Fed show that they’re willing and able to do whatever it takes to make sure the markets are opening in an efficient manner. They’re taking whatever steps they can,” said Lindsey Bell, chief investment strategist at Ally Invest. “That would be new territory for the Fed, not that they’re scared of new territory.”

https://cnbc.com/2020/03/29/what-it-would-take-for-the-fed-to-start-buying-stocks-during-coronavirus-crisis.html

I would tend to agree with his thesis and have begun to transition my portfolio along those lines. I am for the most part a 'dividend growth investor' holding perhaps 15-20 individual dividend paying securities of the buy-and-hold type and not as trading vehicles. I am evaluating each as I struggle to determine which will hold together as we move to this new investing market. In both the back of my mind as well as the forward looking view is which of these will my children view as worthy and which will be deemed dumb old dad stuff. Why did that goof leave us with this mess? Fun times.
Specific examples: Energy Sector I used to hold a number of MLP's but I've sold them all off. I now only hold EPD, primarily a midstream natural gas distributor. Lately I've mentioned toying with taking a trading position in XLE as I believe those companies have been excessively oversold. But primarily my future interests lie in the solar and alternative energy direction and this is where my investment dollars are headed.
The QQQ's - All things Internet or the Internet of Things a force not to be denied. Nearly everyone, everywhere has their face buried in a screen of some type (the sad reality) and how much of it is streaming services. About a month ago I mentioned consideration of taking a position on ViacomCBS premised around their streaming services. Analysts thought they were undervalued at $34 after having dropped from $60 something. A merger and owner Sheri Redstone were the main culprits precipitating that drop. I took a position at $32. It dropped further to $30 and I sold but continued to watch. Today it sits at $12 something and I'm not sure it's down falling. More research I guess. But still nearly all things will be online focused and why I'm watching the QQQ's like a hawk.
I still prefer a regular flow of monthly income but if it becomes one of capital appreciation so be it.

"The former head of the Small Business Administration under Barack Obama hailed the arrival of the coronavirus stimulus package, but warned of catastrophic outcomes for a large number of American small businesses.
“I think we are going to lose a lot of small businesses here,” said Karen Mills on Yahoo Finance’s The Final Round. “There’s always small businesses on the edge. You know, this is clearly going to push some of them over.”
According to Mills, currently a Senior Fellow at the Harvard Business School, small businesses have just around 27 days on average in cash. Restaurants have even less, with 17 days of cash on average. And if you run out of cash, Mills said, "you're dead."
Article link

@bee@mcmarasco: Did you take this loss to be applied to RMD's that you took this year for tax year 2020 ? I ask as I've taken my 2020 RMD already.
Derf