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

[Overnight]

True.

Maybe I could get a whole cruise ship to myself.

I'll just pack a Hazmat suit just to be safe.

But you won't have a cute and handsome purser to take care of your needs.

 

[Overnight]

http://www.disastercenter.com/disaster/TOP100K.html

And the 2004 tsunami killed 230,000.

Was that considered a "crisis", or just a disaster?

 

[kashirin]

The virus spent a few weeks infecting an average of 3000 people per day in it's epicenter.

The total in Italy is about 2000. There is nothing to suggest that any other part of the world will get as bad as the original epicenter, which has already massively slowed down.

Worst crisis of the century? Worse than WW2? Lol. Or you mean worst stock market crash? Well stocks were overvalued anyway and stocks don't measure the economy.

I mean since Nasdaq bubble. 21 st century

I was thinking exactly like you till maybe this weekend

I even was going to travel to China in 3 weeks before flight were cancelled.

And I don't talk about rate infection or whatever. I talk about economic damage
you don't need many infection to cause huge damage
get 1 cruise ship departing Miami and kill 20 old folks there
and then cruise companies are dead

I'm sure recession started
and it's gonna be ugly. 2008 recession will look like economic boom comparing to this one

 

[farmerjohn1324]

But you won't have a cute and handsome purser to take care of your needs.

.

 

[TommyR]

benefits of technology cannot be overstated . however one of the potential issues in the case of a pandemic is what we call the globalism(which ive been investigating more than most)

 

[farmerjohn1324]

2008 recession will look like economic boom

No way. 2008 recession was based on economic fundamentals. Over extension of credit. We reached the end of a long-term debt cycle and everything became unleveraged very quickly.

If there's anything right now that could cause something similar to that, it's not the virus. It's the same things that caused the speculation of recession in mid-2019.

Massive corporate debt relative to profits, etc. Economic fundamentals. Wait for unemployment to rise because businesses aren't turning as much of a profit. There's only so much that dropping money out of helicopters can do. Eventually that will just inflate the currency unless there are equal increases on the production side.

Wait for a decline in corporate profits to trickle down to their employees (layoffs). Then there will be a bubble bursting. And I don't mean temporary declines due to random events like a coronavirus. I mean events that can be attributed to our place in the business cycle.

 

[S2007S]

The whiff of a brokered convenation.....3150-3250 possible EOW.

How quickly sentiment changes...let's see first if the futures tonight hold up into tomorrows opening.

 

[ironchef]

He gets credit for one day of gains? Will I get credit when I say the s$p is going to drop below 2800

Of course. I will congratulate you when that happens, after the Presidential election.

 

[S2007S]

Of course. I will congratulate you when that happens, after the Presidential election.

Geez...that's way too long. .but glad you have faith in the market that the s$p will not see sub 2800 anytime between now and November. I give it a 93% chance that it does!!!!

 

[themickey]

Geez...that's way too long. .but glad you have faith in the market that the s$p will not see sub 2800 anytime between now and November. I give it a 93% chance that it does!!!!

What's it like to be....