What PPT? What is the Fed going to do? Print vaccine vouchers? Pouring money into the market will not make less people sick.
I think it's more about the speed of (a) information transmission and (b) speed of execution, than true market efficiency. It's very hard to tell what would be the fundamental impact of coronavirus (could be the end of the world and could be close to nothing), but people don't want to be long risk. PS. tomorrow is month end and a day before weekend - let's see what the cat drags in
Market are just as dumb as ever. The risks were known a month ago. It was obvious it was going to break quarantine and spread around the world. But the dumb markets shrugged it off and continued to go higher.
No, if the markets were efficient they would have gone limit down on Monday to at least the first level -7%. Instead everyone was looking at everyone else for a clue if the sell off was real or just another one that would reverse the next day.
This is the most inaccurate answer you could have made. Warren Buffet is regularly using this "motto" for his asset purchases. With US 10yr yields at 1,239%, you should buy dividend paying stocks as a defensive play. The idiocy of health authorities is just breath taking. Professionals from the pharma industry are laughing their ass off because of the hype in the media. The measures taken from some countries are a major joke. Every lousy infuenza has more repercussions on the health of workers than this coronavirus. But hey, some Wall Street fetishistas decided that some deep OTM put index options are worth the effort and get them ITM. Pension funds are the main culprits for the unnatural behavior of the last 2-3 years low vola environment. Now, they got the bill for that unnatural behavior. I am expecting smart money to buy some calls for a counter-offensive