Posted on 02/27/2020 1:17:14 PM PST by lasereye
Markets are reeling again on Thursday, after the U.S. reported its first coronavirus case involving a person who didn’t travel to an infected country, and didn’t knowingly interact with someone who did. Experts are becoming increasingly resigned to a worldwide spread of the disease, even as China’s new infections slow.
4:00 p.m. ET: Dow drops more than 1,100 points after news California is monitoring thousands of possible cases
S&P 500 (^GSPC): -4.43% or -137.94 points to 2,978.45
Dow (^DJI): -4.43% or -1,194.98 points to 25,762.61
Nasdaq (^IXIC): -4.61% or -414.29 points to 8,566.48
Crude oil (CL=F): -3.67% or -1.79 to 46.94 a barrel
Gold (GC=F): -0.10% or -1.60 to 1,641.50 per ounce
10-year Treasury (^TNX): -0.84% or -0.0110 to 1.2990
2:55 p.m. ET: Meanwhile, in the Treasury market... In a sign of how aggressively investors are seeking out safe-havens, the 10-Year US Treasury Yield hit an intraday record low of 1.246%, according to Tradeweb data, while the 30-Year US Treasury Yield also set a fresh record at 1.783%.
The last time yields were this low? Yesterday.
(Excerpt) Read more at finance.yahoo.com ...
That was a painful market day.
The hype on this virus is rapidly approaching The Weather Channels level of hysteria over a typical and expected winter snow storm!
There is no reason to panic. But I honestly made a big investment mistake to underestimate the gullibility of the majority. I should of sold or gone short of my stocks days ago, not because I am scared, but knowing how many sheep would panic over the cliff *sigh*
I’m out now though, and will get back in when reason starts to return
Definitely a good time to feather in some buys.
Heard that first case story-which read exactly as it does here-early today on Fox Radio News. Thought at the time, this is guaranteed to be the news of the day and overshadow everything.
Everyday it will be some new report an hour before the markets close. Hell, they haven’t even started attributing deaths to it yet. Soon they will be claiming every death is due to this . But I suspect, eventually, people will wise-up to what is going on.
Fear Mongering always works on the weak minded... and there are no more herd mentality people on the planet than traders.
Still another 10,000 or so to go before they price-in the China shutdown.
Not as painful as March 2009.
As soon as this ridiculous panic is over, it will come right back.
Apple CEO Tim Cook: China getting coronavirus under control
‘It feels to me that China is getting the coronavirus under control,’ Cook tells FOX Business’ Susan Li
https://www.foxbusiness.com/technology/apple-tim-cook-china-coronavirus
“I’m out now though, and will get back in when reason starts to return”
I made the same miscalculation. I’m afraid I’m in for the ride. If I get out now, I’ll get bloodied.
Buy when others are selling, buy when others are buying.
Painful day.
Planned selloff, triggers and shorts via Soros Posse...no doubt.
This was planned to trigger fears and cause the small investors to sell.
PDJT needs to be more visible and do more unplanned presentations...meaning, don’t let the MSM prepare for it, just talk to us and the world.
Starbucks ha re-opened in China.
Buy when others are selling, Sell when others are buying.
Wait a bit then back up yhe truck as this will not last look in the grand scheme and I am OLD
Just about every state is likely doing this. No secret. The VHD here in Virginia has been posting this info online for more than two weeks, maybe longer.
Well this gives no details. Searching around ktla.com etc. no details. Every article refers to that lady at CDC “not if but when”. This is ridiculous!
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