WTF We have Coronavirus and ATH
- Thread starter andrianov
- Start date
When the guy cutting ur lawn says he just made $25k on AMZN and he is thinking of day trading. Dead !!
WHO announcing that international travel shouldn't be restricted was the cause IMO.
You've answered your own question. That's the way most people think and a lot of people were positioned on the short side and amazed that the market didn't move lower. It was getting closer to the end of day + amazon earnings and that's a recipe for higher prices (short covering) at the very least temporarily, despite the news.
EDIT: Not to mention and not to beat a dead horse but there's a fair amount of people that manage large amounts of money who aren't able / allowed to short the markets. They also get paid management fees and it isn't there money so they will buy on dips regardless if it's a "good buy" or not.
And than there's always the retirement money that general speaking cannot be short either.
Bloomberg market implied number of rate cut 2020 has been increasing over the past few days. It's currently around 2. Up from 1 about a week ago.
SARS CoV 9% mortality rate
MERS CoV 35% mortality rate
Wuhan CoV 2% mortality rate
How much are tickets to China right now? Been meaning to visit. In seriousness though, that mortality rate could certainly increase over the weeks & perhaps its transmissibility will prove it to be a worse disease but right now it's not looking promising for this contagion.
MERS CoV 35% mortality rate
Wuhan CoV 2% mortality rate
How much are tickets to China right now? Been meaning to visit. In seriousness though, that mortality rate could certainly increase over the weeks & perhaps its transmissibility will prove it to be a worse disease but right now it's not looking promising for this contagion.
“A prudent speculator never argues with the tape. Markets are never wrong, opinions often are.”- Jesse Livermore
