Posted on 02/23/2020 6:31:02 PM PST by lasereye
U.S. stock market futures sank late Sunday as the spread of coronavirus raised worries that global economic growth could take a hit.
Dow Jones Industrial Average futures YM00, -1.20% fell more than 300 point soon after electronic trading opened late Sunday. S&P 500 futures ES00, -1.20% and Nasdaq Composite futures NQ00, -1.63% also fell more than 1% each.
On Saturday, the International Monetary Fund warned the virus outbreak could reduce global economic growth by 0.1% this year, and drag China’s annual growth 0.4 percentage points lower than January estimates.
(Excerpt) Read more at marketwatch.com ...
yeah, probably poor example.
How about hong kong or japan.
or cruise ships that will take a major hit
And travel on airplanes.
Etc.
“” “” This will be a buying opportunity, not a selling opportunity.”” “”
Everything is a selling and buying opportunity at the same time.
The idea is that selling too late is a failed selling opportunity and buying too early is a failed buying opportunity.
So now a little good news..maybe the markets c as n use.. A study published in 2004 in advanced genon9mics used an array to separate the proteins in human serun..It turns out that the SARS cornea induces autoimmune antibodies against a ubiquitous protein component of the mucincoid called asialo .carry back to liver basic residue and exists as a dimer...horrible in that it causes the deaths after immunization challenge or reinfection..but knowing the target is a HUGE advantage..the S spike on this must not be in the vaccine..so go to endonuclease inhibitor..The Kansas St as the research team gave U of C davis s presumptive treatment for FIP in cats..a auto immune corona v syndrome..It works amazingly..maybe a Chrohns type cure too..
I’ve thought the same thing for years now.
Well I suppose there are some who are pulling for the virus to get bigger like Soros and the DNC
Xxxxxxxxxxxxxxxxxxxxxxxxx
Coulda been a GS initiated bio attack??
Who knows?
International Monetary Fund warned the virus outbreak could reduce global economic growth by 0.1% this year
ditto
That’s given that these estimates are correct.
I’d be reluctant to ride DART on a Good Day.
Spanish Flu lead to 1920 depression which was short but a steep drop in GDP.
More like the unexpected early end of World War I led to that.
No less than legendary stock player Jesse Livermore realized the significance of the Armistice on the markets (tons of military contracts cancelled, and lots of overproduction that suddenly had no market), and he was right.
Looking at the California energy market (with blackouts and such) I’d eyeball Generac (generators) and Sunpower (they install and are out of the panel building business). This fall I’ve been riding TransDigm Group TDG until they stalled. made good money there. I watch and wait.
But I’ve been shorting natural gas - still making profits
“U.S. stock futures sink on growing concern of outbreak’s economic impact”
right. after almost completely ignoring the issue, suddenly the market decides to get concerned right when there are some signs that the outbreak may be dying down instead of turning into a worldwide pandemic ...
I’ve been expecting something like this for a while now, after seeing it pulled on us in 2007-08.
But, Trump is not a detached, over-his-head technocrat like Herbert Hoover, or looking for an excuse to lose like McCain...I don’t see him standing by indifferently (or imposing counterproductive policies in the face of wizened sages’ warnings, a la the Smoot-Hawley Tariff and tax hikes) in the face of disaster.
Probably more like a generation of short-sighted MBA-types shifting operations over to a just-in-time model, and ramping up the debt, without considering that something could ever go wrong with their economic-tightrope model...or cynically thinking they’d be out of the picture before the chickens came home to roost.
“Never attribute to malice that which can be adequately explained by stupidity.”
I agree with that.
The problem as I see it, is these smaller nations catching fire with the Coronavirus, and then spreading it to larger nations like the U. S. And then productivity here will suffer.
At some point, things may spiral. If they do, some will try to blame Trump for not doing enough.
Some weak minded folks may buy into it.
“” “” right. after almost completely ignoring the issue, suddenly the market decides to get concerned right when there are some signs that the outbreak may be dying down instead of turning into a worldwide pandemic ...”” “”
Isn’t it typical for a market?
....suddenly the market decides to get concerned right when there are some signs that the outbreak may be dying down instead of turning into a worldwide pandemic ......
Where are you seeing signs that this thing is dying?
Have you been listening to any news, this weekend...as in S Korea, Iran, Italy???
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