It's over. Historical bull run has come to an end.

[farmerjohn1324]

That bad economic data is going to come because of the virus. I believe that is what the market is pricing in now.

83,000 cases. 2800 deaths. 33000 recovered. 46.5k currently infected.

Out of a global population over 7 billion.

That is not enough, in my opinion, to alter the economy. Other than in people's sentiment.

It's not exactly the Bubonic Plague where 33% of the population died.

 

[Pekelo]

The epidemic will eventually end itself.

True. The Black Plague died off eventually because there was no people left to infect....

Japanese lady got infected twice, not very good for the CDC immunologists.

Here is a game for you called: Pandemic, but if you like to play the role of the virus, Plague Inc.

 

[farmerjohn1324]

A virus is like a terrorist. Terrorist kill relative few people, but that is not their point. The point is FEAR, the same with a virus.

The travel industry will get a huge hit if 30% less people using them. If 2% of the Chinese die, who is going to export anything from them? Anybody relying on Chinese work forces (pretty much everybody) will take a hit.

Even in America, 2% would be 6 MM people, but again it is people's willingness to spend (aka backbone of the US economy).

2% of China is going to die? Lol.

Currently it's 2747 deaths in China out of 1.4 billion population.

That's 0.0002% You'd have to multiply that by 10,000 to reach 2%.

 

[Overnight]

83,000 cases. 2800 deaths. 33000 recovered. 46.5k currently infected.

Out of a global population over 7 billion.

That is not enough, in my opinion, to alter the economy. Other than in people's sentiment.

It's not exactly the Bubonic Plague where 33% of the population died.

Yes, but it is all about context now. It is the sensationalism of a non-issue.

It is like when a hurricane is going to hit Anytown, USA. What is the reaction of everyone? To horde and empty out every damned grocery store in sight, with weeks worth of food, water and whatever else. It never gets that bad on the mainland, where you will be weeks without food or water. Power? Maybe. Water? Never. Food? Never.

It will alter the economy if all the snowflakes out there call-in sick because they have the sniffles (which will now be most likely due to allergies with an early spring), which WILL affect productivity in the country.

 

[comagnum]

The rotation out of the indexes prior to & through this sell off has been mainly to the treasuries and some into the Swiss Franc.

There is a reason why professional traders watch the 10 year like a hawk.

 

[Overnight]

True. The Black Plague died off eventually because there was no people left to infect....

Japanese lady got infected twice, not very good for the CDC immunologists.

Yeah, the CDC people should look up lyme disease. Same shit. Even if you don't have lyme after it has cleared your system, your blood will still show markers for it.

 

[ZBZB]

Uh huh, as if Trump or Kudlow and the rest would travel to China, or Trump would allow China trade delegates here. Won't happen until the virus is gone.

(And no, they do not video conference stuff like this. If they ever would have it would have happened long ago to save money.)

One phone call to China and one tweet about phase 2 trade talks and the market will rally.

 

[Overnight]

One phone call to China and one tweet about phase 2 trade talks and the market will rally.

Not this time. People will know that Kudlow and Mnuchin are now too busy on Pence's Virus Task Force to bother with trade. Gotta' have priorities.

SPACE FORCE!

 

[Pekelo]

2% of China is going to die? Lol

You said the death rate was 2%. But that is not the point. Fear is...

You probably don't remember the early days of AIDS. When we didn't know much about it. Barbers stopped shaving clients, etc. It did effect the economy.

Sure, the markets like to over react. But the virus was just the trigger, we have been ready for a correction for quite sometimes...

My modesty predicted the top and I didn't base it on the virus...

 

[Pekelo]

For those who don't have enough imagination or don't remember early AIDS: