The dead cat is bouncing. This dead cat is coated in flubber. But make no mistake. The cat is dead. It will most likely be a very convincing bounce. So convincing that the world will breathe a sigh of COVID-19 relief and sing the praises of the resiliency of the global economy in the face of adversity. But it will be a bull trap, because massive consumer price inflation, price controls, and shortages are coming.

Here’s why the dead cat bounce in stocks is likely to continue, for now. It looks like the worst of the COVID-19 pandemic is only days away now, if we haven’t already hit it. Infection rates are slowing in Europe, and hot spots in the United States look to be finding a plateau. But here’s the thing. Since the S&P 500 topped in February, $920 billion have been added to the U.S. money supply, and that number will keep rising faster and faster and faster as the Federal Reserve keeps buying and buying and buying bad debt. We are still 22% below highs in the S&P. It is conceivable that we could see those highs return as COVID-19 fades away. Of course there is always the risk that a second wave of the virus strikes and everyone scurries back into their holes, in which case the next crash will be even worse. That is a significant risk that I cannot predict, which is why trading now is dangerous.

Still, if you didn’t buy calls in key gaming stocks by now, it’s not too late. Most of my March 27 trading recommendations for gaming stocks are down, and with the bounce now underway and virus news improving, they will soon be way up. Still, don’t go over 10% of a total portfolio. Don’t blame me if you get too greedy. And I must also warn, if you get car sick, don’t get in this car. If you have ever vomited from a rough roller coaster ride, don’t go to Busch Gardens. If you can’t stay conscious during a sky dive, don’t get on the plane. However, if you have ever pulled a slingshot maneuver around the moon at 9Gs to outrun an asteroid, land on it, drill into it and blow it up with thermonuclear weapons to save the planet, this should be a piece of cake.

For the rest of us, keep a good level of fiat paper cash on hand, digital fiat cash in your brokerage account, tuck away a nice portion of gold and silver held in Australia, a little Bitcoin SV (BSV) in a digital wallet, and then go and spend the next year with the nearest South American aboriginal tribe. You’ll learn really great skills with them that could come in very useful.