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  • Why it’s not 2008 again

    From blackrockblog.com

    The coronavirus outbreak is set to deliver a sharp and deep economic shock – akin to that of a large-scale natural disaster. Markets have been fretting over the economic impact, evidenced by moves that are reminiscent of the 2008 global financial crisis. But we think today is different. Social distancing measures to fight the outbreak will reduce economic activity dramatically, but this shock should not fundamentally derail the global economy, provided authorities deliver a fiscal and monetary policy response that is both decisive and comprehensive. Developed market stocks fell as much as 27% since peaking in ... (full story)

Nothing new here. Currencies to shovel into your bottom drawer include AUD, NZD, GBP. USD is the default for the 'short' term until the upturn which eventually will be obvious and powered by a unanimous shift in the consensus.

Ordinarily big shifts in sentiment occur very gradually as, like sand, small grains are switched to the minority view and over time the weight becomes the driver of a sudden change. In this case the observation of facts about the virus will be extensive and quickly communicated, with little time for investors to build a stash behind a contrary view.
Quoting AnniLi
Nothing new here. Currencies to shovel into your bottom drawer include AUD, NZD, GBP. USD is the default for the 'short' term until the upturn which eventually will be obvious and powered by a unanimous shift in the consensus. Ordinarily big shifts in sentiment occur very gradually as, like sand, small grains are switched to the minority view and over time the weight becomes the driver of a sudden change. In this case the observation of facts about the virus will be extensive and quickly communicated, with little time for investors to build a stash...
In the next 3-4,months,I think market will stabilise.
Make it Green
everything is fine , we have the solution to any problem , do not worry , just print+debt+print+debt+print+debt fantastic !!
TRADER are too borink
Why its not 2008 again? because we are in 2020...easy
COT: The precious data ignored
I am sorry, but what is meant by "..put these currencies in you bottom drawer.."?
This environment is great for traders with most pairs moving over 100 pips multiple times and directions per day!
Please tell corona to cool down, we are printing money already...
What has happened is similar to a nuclear explosion or a meteorite hit. Everything must stop. The US will be forced to go even further in shutting things down. Or be inundated in the health care system with real proper fear taking hold.

And then all this talk of government help and FED intervention. You have to pump back in 4 to 6 trillion in losses to the markets. There will be bounces but this is stock market is a big fat bear for years.
Market panics usually are the start of BIG BULL MARKETS! Check your history.
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  • Story Stats
  • Posted: Mar 17, 2020 1:38am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 10  /  Views: 7,787