To give you an idea of how much things have slowed down in China... From January 27th through February 19th (24 days), there was an average of just over 3000 new cases per day in China. Since then (11 days), there have been 5252 new cases. That's 477 per day. There has been 3300 new cases in the past week in China, as opposed to the 3000+ per day of just two weeks ago.
In terms of the global economy, I think it's more of a frenzy of panic. Doesn't mean I'm gonna fly to Wuhan and start licking things. It will be "interesting" to see if northern Italy will have the consistent 1000+ new cases per day like China was having for several weeks. I don't think it will. If it does, I might change my mind a little about the seriousness of it. In any event, they are getting things under control in China and they had no warning. The rest of the world has warning.
Keeping an eye on Asia Europe us futs on cnbc.com as usual... exciting times to trade All I care about is the #'s, speculating on news impact is not as useful imo
Let's see if this news of slowing numbers is enough to offset the manufacturing numbers out of china yesterday
they need to replicate what Chinese done. Nothing fancy. Honestly they can put any number on the market at any point. It probably would cost them 1-2 trillion even now to make it 4000 tomorrow But US market corrupt. Fed will wait till goldman says. So you can expect S&P to go under 2000. And then V is usual to 3000 Today is limit down not out of question
Lesssss than hour away from what looks to be another wild week...I'll probably get a total of 19 hours of sleep this week!!