I mean since Nasdaq bubble. 21 st century I was thinking exactly like you till maybe this weekend I even was going to travel to China in 3 weeks before flight were cancelled. And I don't talk about rate infection or whatever. I talk about economic damage you don't need many infection to cause huge damage get 1 cruise ship departing Miami and kill 20 old folks there and then cruise companies are dead I'm sure recession started and it's gonna be ugly. 2008 recession will look like economic boom comparing to this one
benefits of technology cannot be overstated . however one of the potential issues in the case of a pandemic is what we call the globalism(which ive been investigating more than most)
No way. 2008 recession was based on economic fundamentals. Over extension of credit. We reached the end of a long-term debt cycle and everything became unleveraged very quickly. If there's anything right now that could cause something similar to that, it's not the virus. It's the same things that caused the speculation of recession in mid-2019. Massive corporate debt relative to profits, etc. Economic fundamentals. Wait for unemployment to rise because businesses aren't turning as much of a profit. There's only so much that dropping money out of helicopters can do. Eventually that will just inflate the currency unless there are equal increases on the production side. Wait for a decline in corporate profits to trickle down to their employees (layoffs). Then there will be a bubble bursting. And I don't mean temporary declines due to random events like a coronavirus. I mean events that can be attributed to our place in the business cycle.
How quickly sentiment changes...let's see first if the futures tonight hold up into tomorrows opening.
Geez...that's way too long. .but glad you have faith in the market that the s$p will not see sub 2800 anytime between now and November. I give it a 93% chance that it does!!!!