"They" are saying China's economy is basically shut down right now (?)... and the Chinese markets were tanking on that notion. Then came the money pump... China with $175B on Monday, then another $60B on Tuesday + $94B from Powell. That's a $430 Billion juicing in 2-days... and the markets around the world take off like a Roman Candle! (Not to mention Tesla... ) What could go wrong?
"pandemic" lol. Minor virus. No real impact. In a few months no one will be talking about Corona other than as a summer beer.
Note that I said "possible". You could be right, but too soon to tell (a pandemic isn't going to be recognized in its early infection stage)... but China's got 3 other virus thingys working right now, too.
Sweet! Put them all on the list along with SARS, MERS, etc. Tragic for those directly impacted, no question, but in terms of global markets - any impact is minor and fleeting.
Good grief, NO.... might later. Depending upon how the coronovirus plays out, could end up being the reason for a "big top". Too soon to know.
I do agree the future is unknowable. I just don't think the coronavirus and associated news offers any insight one way or the other.
The virus is a classic trading 101 example of an obvious screaming buy opportunity, due to totally irrelevant news which doesn't affect any of the underlying forces actually driving the bull, but nevertheless causes investors to panic and put stocks on sale. If anything it's even more reason to buy, as it's now 100% assured that China's government will shower the globe with money dropped from the sky, at least over the next several quarters. The extremely limited selloff in NQ, in particular, likely means the relief rally once "virus is contained" optimism starts, will be truly epic. (as if the rise from October hasn't been!)