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 ...
Good luck catching that knife.
Solar is finished. Most panels are made in China. It won’t be back before the end of the summer.
Factories won’t be back open for at least 2 weeks.
Then another three weeks to get up and running.
Then 5 weeks to catch up with back orders.
Then six weeks to get it on a ship to here.
That’s 16 weeks at the earliest. That is going to make for a pretty crappy second quarter. And this assumes that 10% of their workforce is not dead or permanently suffering from organ damage.
I’m with you.
There are places a person feels drawn to. I have no animosity towards the country or the people. But I have absolutely no desire to go there for any reason.
A black swan event is one that takes the market by “surprise” but in hindsight it could have been predicted.
Viral infection from China has been at the top of the list of dangers for years. And this specific incident has been coming since the first of the year.
This IS a black swan. And still, MOST Americans are ill prepared for this. A majority of posters on this site still think it’s the flu.
But they can tell you the latest conspiracy theories against Trump.
It’s a shame.
But for fun, start counting the times you read, “The CDC should do something. Trump should do something. FEMA should do something.”
It will give you something to do while in quarantine.
But they were able to squeeze out that 1.5% in efficiency. And they were able to get rid of those workers who had been here for twenty years...and who knew how to get shit done in a down cycle.
But, but, but their MBAs are from Vanderbilt. And they are wearing those “black belts.”
Not solar panels but installers. But it's probably over with for now that China has blown up with this virus.
You get the point. Solar is finished until the panels come back on line.
I am not suggesting the world is ending. I just think we might be taking 2020 off as a sick year.
“We should know within a month or two...”
exactly ...
The stock market is a highly ritualized sophisticated slow motion form of gambling.
“Never attribute to malice that which can be adequately explained by stupidity.”
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good point
Have you been listening to any news, this weekend...as in S Korea, Iran, Italy???
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how is the china base virus spreading to all these different parts of the world?
hand delivered?
Yeah, good for you.
DJIA down over 900 right now.
I suspect we’ll regain some of that shortly. It’s a panic reaction.
That South Korean situation has everyone tweaked.
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It's all bs.
Yeah - December 2018 was a buying opportunity. BUT - it was a LOT better of an opportunity on 27 December 2018 than it was 3 December 2018. Timing is everything...and this hasn't reached its bottom yet. SPY just plowed through the 50 day SMA and 50 EMA. The 200 EMA/SMA is pretty far away...and that's a BIG drop and that's probably your buying opportunity.
how is the china base virus spreading to all these different parts of the world?
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It’s all bs.
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I got some serious questions about it, too
imo, a direct attack
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