Posted on 02/02/2020 7:24:10 PM PST by BenLurkin
And the Dow futures are up 100+.
Go figure.
China and US are NOT twins. What happens in China, stays in China...j/k..
The senate 51-49 vote could be a factor.
“And the Dow futures are up 100+...Go figure.
Denial (by the traders)...but they’ll start catching on as companies here start to announce supply disruptions.
I’m speculating most of Asia is moving their money to the US stock markets - it won’t last
I was thinking that as well. But when the margin calls come, there will be hell to pay. I don’t think their 150 billion liquidity injection is going to cut it.
The situation in China is going to become very bad very soon.
They have 33 924 proven and suspect cases and are evaluating another 137 594. All 33 provinces are reporting cases.
The speed of spread is quite remarkable. I believe US policy, IF it is carried out, will prevent this type of spread here.
But if growth rates in China persist for even another week, and the leadership flees, the regime may well collapse.
You’d think the markets already would have factored that in.
I sold a week ago Friday - my colleagues were focused on the Super Bowl and didn’t believe the virus was bad. Even on stock boards, everyone kept saying 6,000 Americans died from the flu, yada yada. ... maybe they’ll wake up now.
Nope...normalcy bias...but they’ll catch up.
January 26, 2020 - 07:00 AM EST
Government health agency official: Coronavirus 'isn't something the American public need to worry about'
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID), said Sunday the American public shouldn’t worry about the coronavirus outbreak in China.
“It’s a very, very low risk to the United States,” Fauci said during an interview with radio show host John Catsimatidis...
With a 10% limit on the fall of any individual stock, an 8+% fall , in aggregate, is very significant.
The old one two bunch. Trump had them reeling from tariffs and the virus will knock out their economy. Couldn’t happen to a worse enemy. Hope they implode. We don’t need the leeches
This isn't going to cause China to collapse. In the last 2 weeks there have been about 360 deaths in China as a result of the coronavirus. 700 people die every day in China just from traffic accidents.
Well most people I know thought there would be thousands of cases around the world outside of China by now with many dead.
I may happen.
But it didn’t yet.
Though it was down 500 on Friday so did they expect THAT MANY more to die in 2 days? :)
The market is nuts.
“What happens in China, stays in China”
until the panic and chaos in china affects the $2.5 TRILLION of their annual world exports of parts, PCs, chemicals, medications, electronics and electronics parts,auto parts, hardware, consumer goods, and about a bazillion other items in the supply chain that U.S. and world industries are completely dependent upon ...
Bingo. And by the way the Chinese injections mean among other things that the Chinese banks are taking over foreign investments using this situation and they do it on the cheap.
“” “” until the panic and chaos in china affects the $2.5 TRILLION of their annual world exports of parts, PCs, chemicals, medications, electronics and electronics parts,auto parts, hardware, consumer goods, and about a bazillion other items in the supply chain that U.S. and world industries are completely dependent upon ..”” “
That is what I was saying for quite some time. People aren’t showing up at work in China en-masse would affect the rest of the world very shortly.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.