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  • Markets are desperate for government action as they plunge deeper into bear territory

    From cnbc.com

    Investors are looking to the White House and Congress for signs of leadership that are so far falling short of expectations. Amid the novel coronavirus pandemic, the S&P 500 has fallen into bear market territory in the fastest-ever 20% decline, measured by data going back to World War II, according to CFRA. The Federal Reserve has addressed the crisis with an interest rate cut and more liquidity. On Thursday it made a surprise announcement of a $1 trillion intervention that included bond purchases and expanded operations in the repurchase market, which banks use for short-term loans. Still, economists say it ... (full story)

Create panic, start selling, and selling cuz panicking, but can stop panicking cuz selling
Sir could we print some more
This is where leadership, vision intelligence and integrity can't be scammed.

Mr Trump is apparently having problems rising to the challenge.
"quelle surprise".
Warning: A Dangerous Subversive: 1% of comments CoCed
What should governments be doing ? It's all China's fault. They should not have instituted mass shutdowns. This virus is only really bad for the old and with bad health! Everyone else, it's a cold!! People would have gotten over it! Not to mention it's their loony "Traditional Chinese Medicine" practices that have led to the emergence of this virus. *@#$_)(@#
Enter Signature
So what exactly do you expect? Do people think Trump can be a magician? The cure for low prices is low prices.
China managed to intervene successfully and stop the panic the Fed left it all too late, it's much harder to reverse a full scale panic lasting weeks than one that is only a couple of days old
A total of 35 Americans have died so far, most from the nursing home in Washington, that's about how many die each weekend in Chicago? I think we are over reacting just a bit!
Asia and Europe are in meltdown phase. The US markets will soon turn around as the scared money from Asia and Europe seeks safe haven in the US markets. Get ready for the US bull market to resume. Europe and Asia are DOOMED!
The thing is that a downward circle has been set in motion. That cannot easily be broken because it is in the nature that many long (and shorts as well) must be liquidated if drawdown exceeds 5-7%. There is a bottom somewhere. But here. No idea. Markets will tell us.

Leadership? I don't think there are many true leaders among the politicians we have nowadays. They think no longer than next election and refrains from doing the necessary in due time. They would not last long in the real world (know that is arrogang to say).
Quoting san99
What should governments be doing ? It's all China's fault. They should not have instituted mass shutdowns. This virus is only really bad for the old and with bad health! Everyone else, it's a cold!! People would have gotten over it! Not to mention it's their loony "Traditional Chinese Medicine" practices that have led to the emergence of this virus. *@#$_)(@#
If I were to suggest that your post was probably the most ignorant, dumb-assed, redneck comment Ive seen today..? this post would be quite rightly CoCed/hidden.

So I havent..

(But It was a close call..)
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting RossEdwards
{quote} If I were to suggest that your post was probably the most ignorant, dumb-assed, redneck comment Ive seen today..? this post would be quite rightly CoCed/hidden. So I havent.. (But It was a close call..)
Some people think too much of themselves. Arrogance causes folks to say stuff like "your post was probably the most ignorant, dumb-assed, redneck comment Ive seen today..".....Those who are disposed to exaggerate one's own worth or importance always cut others down in an attempt to influence the gullible.
Quoting Maxthetrader
Asia and Europe are in meltdown phase. The US markets will soon turn around as the scared money from Asia and Europe seeks safe haven in the US markets. Get ready for the US bull market to resume. Europe and Asia are DOOMED!
Why do you think this?
Will Trump go back to war with someone?
If countries come through tough times with stimulus packages, will the average American have money to spend to keep their economy kicking over as unemployment rises?
Quoting Maxthetrader
{quote} Some people think too much of themselves. Arrogance causes folks to say stuff like "your post was probably the most ignorant, dumb-assed, redneck comment Ive seen today..".....Those who are disposed to exaggerate one's own worth or importance always cut others down in an attempt to influence the gullible.
Max .. you are quite right.
100% Agreed. It would be disgraceful to say that.
Thats why I DIDNT SAY IT..
Warning: A Dangerous Subversive: 1% of comments CoCed
No war necessary. The US has the strongest economy in the world. Where else would you invest?
Quoting RossEdwards
{quote} Max .. you are quite right. 100% Agreed. It would be disgraceful to say that. Thats why I DIDNT SAY IT..
I saw the 'IF' in it. But I also saw that you posted it too. Backhanded!
Quoting Maxthetrader
No war necessary. The US has the strongest economy in the world. Where else would you invest?
I guess I'm thinking quite simply that "investing" will not be a priority for millions of people for a while yet. I think "investing" spending money will be redirected to "surviving" spending money. If this is the start of a global depression, increasing unemployment etc etc.. the average Jo will no longer be going to lenders wanting to refinance and load up on property and equity markets .. as to all the "big" money , I have no idea.. but I think simply saying " in the US it's great" is simplistic. Actually I'm quite serious... the money that's left after all this, where will it run to??? US equities ??
I would think equities, bonds, and probably others.
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  • Posted: Mar 12, 2020 3:32pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 17  /  Views: 3,629