Coronovirus - Dow Jones Futures plunge as virus spreads

a reply to: St Udio

I'm pro vertical put spreads on a bunch of this stuff, SPX is so far off the 20 day right now I wouldn't be surprised if we went a little sideways for a few days here, hard to see a drop when the SPX opened and closed at the gap today...

you woulda thought some institutional selling would have come in but NOPE...

Futures are down because there is no future! NO FUTURE!

a reply to: Nickn3

Cant we just send Shiff to China? Two birds and all.

originally posted by: St Udio
see, I am pro Vertical Farming & re-purposing Malls as crop acreage, indoors, sheltered/controlled instead of in the harsh environment with cosmic rays/floods/locusts/cold-heat/volcanos/ other Biblical crop destroyers'

That'll be expensive. Weed growers in the California San Fernando Valley have bought up nearly all of the available warehouse space to grow their sinful plants hydroponically, driving up the cost of warehouse space and forcing smaller manufacturers and suppliers into smaller spaces or just out of business.

I'm hoping that the added atmospheric moisture from global warming changes a lot of current arid or desert areas into farmable land, as it has done in the past when global temperatures have been higher. Water has always been a problem. Maybe this will turn it around.

Also a pandemic that kills off about a quarter of the Earth's population would probably help that, also.

a reply to: Blue Shift

Which really brings to mind that Humans natural predator is indeed Viruses, to cull the herd.

that Dow was due a final top....and its all down now..... The treasury balance tells us....long bonds and short equities....long EURO, too!

originally posted by: Nickn3
It’s my belief that the impeachment is having as much effect on the markets as the virus is. Uncertainty always brings a down turn, I think Schiff would crash the market just to get the President. I’ll be glad when it’s over.

That's odd, the market has been going up since the impeachment fiasco started. Why do you think it's adversely affecting the stock market?

The virus is affecting the market because travel, hotels, vacation spots, etc. are all affected.

It could cause a global financial depression if the world is effectively on lock down

The virus has the potential to do exactly that, need faster ways to disinfect imports or exports or bad shizxke ahead

Feds going to pump this market all the way to Nov

Put your money on it

a reply to: HalWesten

I'm not so sure, looks like Oil took a small hit as well.

The S&P 500 fell 1.6 percent, with shares of airlines and companies dependent on tourism from China particularly hard hit. It was the sharpest decline since Oct. 2, when the trade war was fanning fears of a slowdown.

Think about that for a moment, the decline was only see one other time, the onset of the Trade War, which does in itself have major market implications.
In other words, the Virus, at its current impact, is comparable to Trumps Trade War.

American Airlines dropped more than 4 percent in early trading, and Wynn Resorts, which operates casinos in Macau, a special administrative region of China and a gambling haven for Chinese high rollers, dropped more than 7 percent.

Travel restrictions tend to hurt airline companies, not sure how much AA operates to and from China.

Major stock benchmarks in Europe were down more than 2 percent. While many markets in Asia were closed for the holiday, Tokyo’s benchmark Nikkei 225 index also sank 2 percent.

It isn't just the US, but Europe and some first world developed asiatic economies like Japan got a tiny sting.

The price of oil dropped, on fears that demand could slip. China’s currency also fell, while investors moved into safe havens like gold.

When in doubt, tangible assets can be a nice hedge, right?

China’s economy, which is experiencing its worst slowdown in nearly three decades, is already hurting from the impact of the outbreak, and there are fears that consumer spending will go down as more residents stay home over the Lunar New Year.

They can't survive Trumps Trade War any longer, and as already stated, the Virus impact on market economies is starting to take root.
It also doesn't help that the CDC issued new guidance for travelers concerning China, "recommending that they avoid all nonessential trips to China."
That's not just a specific region in China, they mean the WHOLE COUNTRY.

"At the moment, the risk of infection in the United States is low. But Dr. Messonnier cautioned that information about the outbreak is changing rapidly, and the C.D.C.’s response and guidance is constantly revised" (NYTimes et al)





Source: www.nytimes.com...

originally posted by: Arnie123

originally posted by: Middleoftheroad
I think China is just culling the herd. They have 1.4 Billion people to take care of in a Communist country.

Hella way for population control, there are just too many unknown variables with that.

Well, the globalists did say (Agenda 21) that they desired to reduce the worlds population by ... well, a lot. And one of the very few ways to achieve something like that is a major global pandemic with lots of dead people.

April 8th 2020

The Dow Jones Industrial Average has gained more than 5,000 points in just the past two weeks.

originally posted by: carewemust

April 8th 2020

The Dow Jones Industrial Average has gained more than 5,000 points in just the past two weeks.

It is still going to be a rocky road back, but the markets react to the way the public "feels", and this says a great deal about the resilience of the good old USA. Keep it coming America, and don't let all of the negativity gain a foothold in your brain. It is bad for ya.

a reply to: charlyv

"It's a ride."

Good on us. I've been spending my azz off.

originally posted by: charlyv

originally posted by: carewemust

April 8th 2020

The Dow Jones Industrial Average has gained more than 5,000 points in just the past two weeks.

It is still going to be a rocky road back, but the markets react to the way the public "feels", and this says a great deal about the resilience of the good old USA. Keep it coming America, and don't let all of the negativity gain a foothold in your brain. It is bad for ya.

Yep! I've always thought of this media-induced Covid-19 "crisis" as being akin to holding a helium-filled balloon under water. Let it go (end the "crisis") and watch it zoom back to the water's surface, and keep going up up up.

Americans are awesome, inflation is low, incomes were rising, demand was strong... all the fundamentals are in place and ready to resume their previous trajectories!

Friday, June 5, 2020

Isn't this a new ALL TIME HIGH for the U.S. Stock Market?

www.cnbc.com...

OMG...America is AWESOME!

originally posted by: Arnie123
a reply to: Blue Shift

Which really brings to mind that Humans natural predator is indeed Viruses, to cull the herd.

I prefer to think of viruses as more like a key that can either unlock or jam potential traits found in our DNA. Rather than relying on randomness or mutations or generational drift, viruses alter the DNA in us right now, while we're still alive. It's not difficult to imagine that a big reason we are human the way we are is because of our exposure to just the right kind of viruses that mutated us just enough to change us and not kill us.

I don't think I've ever read it, but I suspect that one of the biggest reasons Neanderthals and other prehistoric hominins died out was because they caught simple colds that we survived but they didn't, and which mutated our offspring just enough to define us as a separate species without sterilizing us.

originally posted by: carewemust

Friday, June 5, 2020

Isn't this a new ALL TIME HIGH for the U.S. Stock Market?

www.cnbc.com...

OMG...America is AWESOME!

Wall Street is colorblind except for gold and green.