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it isn't over, it's just starting... this will go on at least until end May, we have Q1 earnings in April as well which will be horrible, then there is "Sell in May and go away" which this year may be much worse than normal (just as a reminder May 2019 was bad and 2019 was a good year relative to what is going on now!)
As if all that wasn't bad enough it's worse because this isn't a static stuation - it's dynamic and it could get much much worse from this point.
We have 2 more major events to clear. The first US fatality and then mass US spread. Both will tank it another 4-6K. At that point it either comes back slowly or we get so many sick people in the US the markets are forced to close for several months.
We have 2 more major events to clear. The first US fatality and then mass US spread. Both will tank it another 4-6K. At that point it either comes back slowly or we get so many sick people in the US the markets are forced to close for several months.
I would say more likely to drop 2-4k more, not 4-6. I will be quite surprised if the bottom goes under 20k.
Location: In a city within a state where politicians come to get their PHDs in Corruption
2,907 posts, read 2,070,068 times
Reputation: 4478
Quote:
Originally Posted by Aredhel
Let's just say it's clear you don't know much about either epidemiology or virology. Best to stop now before you embarrass yourself even more than you already have.
He doesn't have to. This panic selling is driven as much by this virus, as much as the run up was driven by the "fundamentals". I think it's driven by basic human psychology.
I, however, disagree with his conclusion that the correction is over. I think there's still pain to come. But, let's stop assigning logical conclusions to irrational behavior.
Location: In a city within a state where politicians come to get their PHDs in Corruption
2,907 posts, read 2,070,068 times
Reputation: 4478
Quote:
Originally Posted by BELMO45
A perfect storm of enough US cases and deaths that keeps the market open but not enough to shut things down could allow it.
80,000 Americans die each year from the flu. Somehow, the market could care less. 2,000 or so deaths from this virus, world wide, almost all in one province in China, and yet everyone is "concerned".
Market is incredibly overpriced. This virus is just a trigger.
All weak hands were flushed out. I say the correction is over. The corona virus is bs noise. A common flu virus sensationalized by the liberal media and panic selling. Fear is generated and folks get scared. Guess what the 5 trillion in the News headlines they say is lost is baloney. Wealth is never lost it is transferred from one to another. So the manipulators grabbed 5 trillion for themselves and played the fearful like fools. Congrats to those who held on. A retest of highs will come.
I'm not a leftie but politics has NOTHING to do with epidemiology. Keep politics out of this!
This thread reminds me of the saying, don't try to catch the falling knife.
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