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

[Overnight]

The monthly purchasing managers’ index issued by the Chinese statistics agency and an industry group fell to 35.7 from January’s 50 on a 100-point scale on which numbers below 50 indicate activity contracting.

Yep, and 9:45PM ET is Caixin. It will be equally as asstastic I am presuming.

 

[Overnight]

Watch the fed step in if you are right on that 1000 point futures drop... They have to, all central banks will step in....and I think they will come up with some crazy gimmicks to engineer something totally different the markets have never seen. I'm sure they are coming up with some great ways to create a floor under this market like they did in 2009

Another 1,000 point drop would still not be 20% from the latest peak.

 

[KCalhoun]

What's concerning is they produce most of our prescription med ingredients, too..

 

[farmerjohn1324]

"In Italy total patient numbers rose to 1,694 after the Civil Protection Agency revealed roughly 500 fresh positive tests this evening - an alarming 50 per cent climb in just 24 hours."

Well it definitely hasn't peaked in Italy yet. I think Italy will be a more relevant case study for how bad this thing can get before it peaks.
Hopefully the hotter weather will slow this thing down.

To give you an idea of how much things have slowed down in China...

From January 27th through February 19th (24 days), there was an average of just over 3000 new cases per day in China.

Since then (11 days), there have been 5252 new cases. That's 477 per day.

There has been 3300 new cases in the past week in China, as opposed to the 3000+ per day of just two weeks ago.

 

[farmerjohn1324]

Why? I thought you didn’t think there was much to this??

In terms of the global economy, I think it's more of a frenzy of panic.

Doesn't mean I'm gonna fly to Wuhan and start licking things.

It will be "interesting" to see if northern Italy will have the consistent 1000+ new cases per day like China was having for several weeks. I don't think it will. If it does, I might change my mind a little about the seriousness of it.

In any event, they are getting things under control in China and they had no warning. The rest of the world has warning.

 

[KCalhoun]

Keeping an eye on Asia Europe us futs on cnbc.com as usual... exciting times to trade

All I care about is the #'s, speculating on news impact is not as useful imo

 

[S2007S]

To give you an idea of how much things have slowed down in China...

From January 27th through February 19th (24 days), there was an average of just over 3000 new cases per day in China.

Since then (11 days), there have been 5252 new cases. That's 477 per day.

There has been 3300 new cases in the past week in China, as opposed to the 3000+ per day of just two weeks ago.

Let's see if this news of slowing numbers is enough to offset the manufacturing numbers out of china yesterday

 

[kashirin]

Watch the fed step in if you are right on that 1000 point futures drop... They have to, all central banks will step in....and I think they will come up with some crazy gimmicks to engineer something totally different the markets have never seen. I'm sure they are coming up with some great ways to create a floor under this market like they did in 2009

they need to replicate what Chinese done. Nothing fancy. Honestly they can put any number on the market at any point. It probably would cost them 1-2 trillion even now to make it 4000 tomorrow

But US market corrupt. Fed will wait till goldman says. So you can expect S&P to go under 2000. And then V is usual to 3000

Today is limit down not out of question

 

[S2007S]

Lesssss than hour away from what looks to be another wild week...I'll probably get a total of 19 hours of sleep this week!!

 

[farmerjohn1324]

Let's see if this news of slowing numbers is enough to offset the manufacturing numbers out of china yesterday

How delayed are the manufacturing numbers?