Subject: Great quote from Jason Zweig
Posted today on WSJ Intelligent Investor, just before today's meltdown INCLUDING a 6% drop across the board in my new favorite PIMCO closed-end income funds:
Trust in the system of global trade has been shattered and will require pain and patience to repair. Inflation, recession or worse could result. But positive surprises could also materialize.

If you overhaul your entire portfolio in response, you aren’t just acting as if you know what the market is going to do next, which is close to impossible. You’re also acting as if you know what Donald Trump is going to do next—which is impossible.