Bad day for buy side. Biggest point drop on record.

https://abcnews.go.com/Business/dow-jones-plummets-1000-points-amid-coronavirus-uncertainty/story?id=69264423

Markets hate uncertainty. COVID-19 (coronavirus) is a big question mark... And the number of outbreaks and cases continues to climb, making me think we will continue lower for a bit until we feel more secure about value and feel more secure about containment.

What do you think?

Mike

Sent using the NexusFi mobile app

I feel like we are watching the end of the world happening and not realizing it at the time.

tturner86 

I feel like we are watching the end of the world happening and not realizing it at the time.

Since we are getting 'biblical':

https://www.jpost.com/health-science/israeli-scientists-in-three-weeks-we-will-have-coronavirus-vaccine-619101.

Disclosure: I have no idea if this is accurate, but Israeli health tech is generally pretty advanced.

srgtroy 

Since we are getting 'biblical': https://www.jpost.com/health-science/israeli-scientists-in-three-weeks-we-will-have-coronavirus-vaccine-619101. Disclosure: I have no idea if this is accurate, but Israeli health tech is generally pretty advanced.

I was thinking more like the beginning of the Walking Dead. People wonder how they didn't realize how bad the pandemic was until it was too late. I feel like we are in that twilight period.

And the world is lead by the inept and not just in the US but worldwide. So its gonna get nasty. I wouldnt be surprised is this virus never goes away and just becomes a seasonal thing like the common flu.

I've already ordered one of these:

https://www.wish.com/product/5d510e6e7706ec3bf65012d7?hide_login_modal=true&from_ad=goog_shopping&_display_country_code=US&_force_currency_code=USD&pid=googleadwords_int&c=%7BcampaignId%7D&ad_cid=5d510e6e7706ec3bf65012d7&ad_cc=US&ad_curr=USD&ad_price=12.00&campaign_id=8701430383&gclid=CjwKCAiA7t3yBRADEiwA4GFlI2JNIDrZC7fGDw1QY4UYQqiIz3aJiibYLowcqm_7qX9ngd1MseqBYRoCI6kQAvD_BwE

It should keep the infected AND the uninfected away from me for a while.

What if the Coronavirus is a scapegoat for risk off without raising suspicion? I don't recall the market batting an eyelash when China quarantined hundreds of millions of people...

trepidation 

What if the Coronavirus is a scapegoat for risk off without raising suspicion? I don't recall the market batting an eyelash when China quarantined hundreds of millions of people...

Good point! I agree with you that some of this is just a ridiculously over-extended market finally coming back to reality. Also, I believe the Fed just started to wind down its Repo-juicing operations, so ain't that a co-incidence.

SARS was stopped/contained

tturner86 

I was thinking more like the beginning of the Walking Dead. People wonder how they didn't realize how bad the pandemic was until it was too late. I feel like we are in that twilight period. And the world is lead by the inept and not just in the US but worldwide. So its gonna get nasty. I wouldnt be surprised is this virus never goes away and just becomes a seasonal thing like the common flu.

Sent using the NexusFi mobile app

Big Mike 

SARS was stopped/contained Sent using the NexusFi mobile app

SARS also had a higher mortality rate. This virus with its lower rate means it one patient can infect far more before they die. It would have actually been better if the rate was higher then it wouldnt be able to spread as quick or for as long.

But even that may not matter as it now appears to transmit between people not showing symptoms. Which means you will start to see it pop up in unconnected places because we cant track those transfers between seemingly healthy people that are transmitting it.

Big Mike 

SARS was stopped/contained Sent using the NexusFi mobile app

Sars wasn't stopped, it was killed off by the summer heat and it wasn't very infectious. there is no vaccine to sars to this day.