Market Experts Say the Coronavirus Selloff Is ‘Worse Than Anything We’ve Seen Since 1929.’ Here’s How Bad It Could Get.

Barrons ^ | March 21, 2020 | Lauren R. Rubin

[Bon mots]

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[DivineMomentsOfTruth]

In a week.

[Revolutionary]

Look at the historic PE chart. The market was a little high, but running on good future expectations. It has been mostly been dragged back to the right now with future uncertainty. Expect it to snap back up in the not to distant future. The cure will be widespread very soon and the one hour test will be out in force soon.

[ExSES]

Went through “crashes”, etc since the 1987 debacle without panicking with the herd... Don’t plan on freaking out for this one either! Diversification is your friend!

[dp0622]

Yep

I wonder if the most frequently used tools work more than 50% just because they are the most frequently used tools

[windsorknot]

Stock market predictions are based on opinions or educated guesses. Who knows what the stock market will do in the next 6 months or any other time frame. Even the “experts” don’t know. We can all play the game of what the stock market “could do”. If we are facing a genuine apocalypse, then what the stock market does is a moot point.

[pangaea6]

Well I lost all my money in 07-08 crash so I can watch this unfazed for a change. Except I know the anxiety people are going through and do have sympathy

[RoosterRedux]

I am sure this will be hard for individuals and small teams who own and run small businesses, but hopefully many will adapt as they often do.

I look at the effect on small (and large) businesses much the way the flu, colds, and viruses affect the bodies and minds of people.

We get sick, we suffer a bit, and then we begin to heal. After it is all over, we return to our lives a little wiser and more appreciative of the little things we missed while sick.

I think, for the most part, businesses and employees do the same.

[trebb]

Yep - we’re back to where we were when Obama left - and we were being told that was as good as it gets and will ever be...except the economy foundation has been built stronger under President Trump and will get even stronger in the aftermath as even more critical manufacturing jobs come home.

[rb22982]

This is rapidly turning into a financial crisis, unfortunately, and the longer we stay shut down the worse of one it will be. Pensions will be cut/wiped, we may briefly see a 20-25% unemployment rate. I wouldn’t be surprised to see several states or local governments file.

[rb22982]

This is rapidly turning into a financial crisis, unfortunately, and the longer we stay shut down the worse of one it will be. Pensions will be cut/wiped, we may briefly see a 20-25% unemployment rate. I wouldn’t be surprised to see several states or local governments file.

[rb22982]

Similarly, you haven’t made anything until you sell as well.

[rb22982]

If this goes on 8 weeks, its possible the US government defaults and most state/local governments will and all pensions will go bust. We can last maybe two more weeks. Beyond that? 20% of the GDP (Fed) cannot keep up 80% of the economy, especially when its income is also collapsing.

[gogeo]

My concern is the small businesses that are shutting down. Will they come back?

Many will not.

[gogeo]

If you’re in cash, you don’t have to buy at the bottom to make a lot of money.

[rb22982]

I’m expecting us to test the 2008-9 lows in the next few weeks when it becomes apparent that this will be dragged out for a long time and a lot more industries besides hospitality, leisure and non grocery/big box are going to get whacked AND state/local/fed budgets are exploding.

[minnesota_bound]

The NYSE chairman is making a mint for himself and other insiders from insider news leaked by his wife Kelly Loeffler, the senator from Georgia who claims she knows nothing about any of the trades.