Impact of Covid-19 on markets; historical comparison to past conflagrations; Low Interest Rates are Not a Sign of a Healthy Economy; Tolerance for Risk During Troubled Times; high probability we've seen markets' highs for the year (2020); Low Consumer Confidence puts markets at risk; Beards, the Battle of Midway, and The Greatest Generation; how post-war years set up for 50's economy based on pent-up demand and creation of Baby Boom Generation; Markets are close to wiping out gains of 2019; Importance of Goal Rate, Hurdle Rate, Re-balancing Strategies, and Exit Strategies; Nike's Memo from 40-years ago.