Posted on 03/06/2020 6:09:07 AM PST by Enlightened1
I remember hearing after the Russian hoax failed the D.C. Establishment would try to wreck the Trump economy, and I think that is what we are witnessing.
Yes Coronovirus is real and deadly in China. Although the hysteria in the media is causing the mass sell off.
https://www.cnbc.com/pre-markets/
Meanwhile, the Shanghai Composite is back up to pre-coronavirus levels.
F’n CNBC again. MSM is causing this now.
I don’t recall a massive selloff during Swine Flu or Ebola scare. Could that be because Obama was in the office at the time?
Monday quite a few people were excited because they thought an up day meant the virus & the resulting economic fallout was all over and behind us.
I didn’t have the heart to explain what’s called a “deadcat bounce” and that the bad news will keep coming for likely months. One day filled with hope, albeit totally false, was probably a nice respite for many.
Yes Coronovirus is real and deadly in China. Although the hysteria in the media is causing the mass sell off.
~~~
If it’s really only just a media hoax, the economy will bounce back as soon as the first signs show such. There are a ton of investors watching like a hawk for the first clue that the virus isn’t going to spiral into a large scale community spread, they’re going to buy back in hard.
Correction: The stock market will bounce back hard. Not the economy, which so far has been resilient.
Actually, the ‘hysteria’ is triggered by the lockdown and shutdown of China, and spread of those actions to other countries now (including its upcoming arrival on US shores). Along with the near-complete shutdown of the travel industry, probably for a couple of years (5 years for the cruise business).
But I am optimistic, I think we’ll hit a floor at 10,000 for the Dow, once this all gets priced-in.
Is there some point when there is a halt to trading. I know almost nothing about the market, maybe a dumb question.
No doubt the demodrone contestants will blame PDJT for this.
1. You probably won’t get Covid-19
2. You COULD get Covid-19 and you’ll survive.
3. You COULD get Covid-19 and die from it.
Their headline: FUTURES HOLD LOSSES AFTER JOB RPT like that was a GOOD thing or something.
It’s pretty rare, but the market is shut down once in a great while and trading stops. 9/11 might have been the last time that happened, not sure. But you can imagine how stocks tumbled with that.
10,000???
That would be 2008 numbers.
Stock market isn’t the economy
Wake me up when GDP growth drops
mass layoffs
consumer confidence drops
You know, the real economic indicators
I think it got as low as 7,000 if I remember
Its called a buying opportunity
I think 20K will be the floor, if it ever gets there
10K you talking meltdown
The Wuhan flu is causing havoc in supply chains
And this is fault of corporate America relying heavily on China.
It is a 6 month outlook.
It is a 6 months in the future snap shot.
“10,000??? That would be 2008 numbers.”
That’s my prediction, based on the US finally getting around to testing. Then we’ll find out what happens when you ignore a worldwide problem by STILL allowing millions to enter this country every month.
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