Microsoft warns it will miss guidance for segment that includes Windows because of coronavirus PUBLISHED WED, FEB 26 20204:14 PM ESTUPDATED MOMENTS AGO https://www.cnbc.com/2020/02/26/mic...-includes-windows-because-of-coronavirus.html S$p 3000 here we come!!!!
CNBC had their "markets in turmoil" show on. What a fun segment to listen to....anyway I can smell a fed intervention happening as early as march, another 10% or so drop and the fed will be right there to save the market. Expect rates to drop to an immediate 1% with trillions of dollars juicing the market. China is going to implement stimulus as well. Get ready for it. And I'm sure the fed will come up with some new interesing ways to prop the market up. Like imagine capital gains tax being cut in half or un-capping the amount you can max your 401ks and 403bs or pushing rates totally negative....the fed will have some good tricks to show once this market starts selling off 10-20-35%....cant have any extended market selloffs.
What does the Fed have to do with the IRS re: capital gains taxes? And what can the fed possibly do to contain a virus? Throwing gobs of money isn't going to help? Nah, the market is going to continually travel down until a vaccine is found, because there is nothing left to prop the markets up. And because I am long at the peak. Why is 20 to 40% down so outrageous? The entire planet, the pussified version of the world we live in today, is buying dust-masks from Home Depot en masse, not knowing they will not protect them from a virus. They are just mindless lemmings dripping chaw from their lips and horking loogies thinking, "Yep, I guess I need me some protection. I'll never be near one of them chinks with the skin-eating thing, but I'm be protected damn it, in case I decide to visit Wuhan Province this summer with the wife and kids! Giddy-up! *HORK* Ptoo!"
The fed has nothing to do with the IRS but I'm sure they would devise a plan to create something we have never seen before to get investors to stay the course and not fear what they think is an ever falling downward spiral in equities.... Yes there are many worrying people out there buying canned goods and masks to last them a decade but then you have the others who could care less. I dont know about you but I dont see any kind worrying. Cars are still driving on highways, traffic is still the same, people still at restaurants, people still going to work and school, people waiting in line forn$5.89 coffee at starbucks and $17.93 for burgers at the local burger joints. On a scale of 1-10, 10 being the most worried I'm at a zero. Markets are completely overreacting to this event. The media is portraying this to be something a lot larger than it is. Go back and research the hype behind the last handful of viruses and see the outcome. If this virus was so bad all travel would be completely banned with zero flights in and out of the country and within the states, martial law would be enacted, no public transportation at all. There has to be a complete shut down to eradicate the virus...absolutely NONE of this is happened which means to me there is nothing to worry about.
Futures at their lows...trump didnt do much at his press conference tonight. Could easily open down below s$p 3000 And to think of all the 3500+ s$p predictions by end of 2020....
Fed to the rescue soon FUTURES INDEX CLOSE CUR FUTURE CHANGE 26,957.59 26,519 -395 FAIR VALUE FUTURES (21.59) FAIR VAL CLOSE CUR FUTURE IMPL OPEN 26,935.59 26,519 -416.59 Last updated: Wed Feb 26 2020 | 11:31 PM EST
We quickly got to the point where a 40pt move in the S&P and a 400 pt move in the DOW now feels small.