This is the usual customary disingenuous illogical remark from Sig. HIV could be avoided by practicing safe sex. Coronavirus cannot be avoided unless you self quarantine/isolate yourself in your home.
The great thing about fear is it always results in humans overreacting just like if you try to trade with scared money. As we move out of winter and into warmer weather the virus spread will naturally be slowed down. Now if it was October or November right now I would be worried more. How many people get the flu during April to September ? If we look at what dow did before, during and after the 1918 flu pandemic it lost about 30% from its peak.
Corona is just a catalyst. market was overextended for a while. Buy the drip worked for 11 years, it still might. We will see.
I don't think we know what the mortality rate is just yet. The Chinese propaganda machine won't allow them to be truthful, so we'll have to see how it plays out elsewhere before we know.
" As we move out of winter and into warmer weather the virus spread will naturally be slowed down. " People don't know we are going through global cooling . https://www.medicalnewstoday.com/articles/327458 Billions of people are radiating less heat.
Thank you, thank you, thank you! This correction is VERY healthy. I will also add that interest rate cuts are relatively ineffective in combating either a falling market or recessions -- even though we still do it. Fiscal measures are far more effective. Here is a simple example. If the government wants to goose the economy they have the option to put money on the demand side , not the supply side as they have been doing.. If for example they left revenues alone and cut the lowest two tax brackets , especially the lowest, and jumped the top bracket way up to compensate, the economy would take off like a rocket. There are many more tools than just interest rate cuts. The Central Bank has many , and the Congress has many. But why do anything at the moment. This Correction is very welcome! Its needed. It's healthy. It's wonderful, in fact!
%% Global coolin' again?? LOL I considered getting more profit off TZA, but time is not the bears friend.I may buy if QQQ/related , keeps going up ; may not buy. With the chicom gov trying to micro mange all, + one child policy, what could possibly go wrong?? And if I hear of CNBC propaganda saying bird flu will be a pandemic, again may buy some more, if price confirms.......
Agreed, but as to the last point, my now 2year-old trend triggers are a week into a short position, with no ability to trigger a buy-to-exit *or* a buy-to-enter order before EOD today (without popping a ridiculous amount, which I don't see happening). My hand is on the mouse though, and the brain reminds, "NO. Trade the plan."
%% DOW/DIA is so far below 200 dma, frankly still looks bearish. DAL sector+ TSLA looks weak also.QQQ + related are going up,+ looks good on parabolic stop + reverse but see if they close above 200dma, looks like they will; but over 3 hours 'til close.