Did nobody else notice how China's PMI numbers were the worst in like forever last night? Even worse than the recession? And the Caixin numbers tomorrow night may not bear good news either. If they are anywhere near 40, the gap down after the Sunday open will only accelerate after 9:45 PM ET.
It's over. Historical bull run has come to an end.
- Thread starter orbit23
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Did nobody else notice how China's PMI numbers were the worst in like forever last night? Even worse than the recession? And the Caixin numbers tomorrow night may not bear good news either. If they are anywhere near 40, the gap down after the Sunday open will only accelerate after 9:45 PM ET.
It may be a while before we return to the highs we had last month in the 28k range, but there will be a big bounce when the virus runs its course.
Many viral flu bugs - and Corona is a bad one - die off once Spring arrives.
Corona will die in the late Spring, and trade will rebound. I also think that many companies, not just the U.S., will return manufacturing to their home nation. I think a lot of companies have learned their lesson being too dependent on cheap labor from China.
Last week was rough, but it's not the beginning of the end.
Maybe for China, but not the U.S. or Canada.
Apparently summer will not make the virus go away.
I am not an expert, its what buffet said.
You are absolute clueless. You have to learn a lot.
How long are you in the business? 10 days?
I read that new cases in China have already slowed. They peaked in late January. About 1 month after the outbreak started. Perhaps that's a clue of how long it will last elsewhere.
If u believe them.... it's likely much worse over there than Chinese govt admits, because they're not giving WHO access...
Wow re
https://www.fox5ny.com/news/nyse-could-close-trading-floor-in-coronavirus-contingency
Wow re
https://www.fox5ny.com/news/nyse-could-close-trading-floor-in-coronavirus-contingency
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WH phone call?
All of this panic says to me...
SALE!!!
Because there is yet to be underlying fundamentals (business cycle) that aren't related to the virus.
But I don't buy stocks. I'm not interested at trying to profit from investing/speculating/trading at this point. I'm just here to watch.
Historically average length of a growing economy in the USA is 38.7 months or 3.2 years. "
This one lasted almost 10.5 years. That was a pretty good run when the average is 3.2 years.
But interest rates were almost zero for most of that time, that explains why it lasted so much longer than average. But low interests rates are now priced in to the economy. They cant keep the economy growing forever.