I'm sure with the proper amount of mental gymnastics we could make it sound like there's a difference between last time and this time.
It was wrong then, it's wrong this time and it will be wrong the next time. I'm just pointing out that this isn't the first time this kind of stupidity has happened.If it was wrong then, it's wrong now and you are perpetuating it.
And I'm just pointing out there doesn't have to be a next time. The people in DC live in a bubble. IME, they are WAAAY off what the rest of the country thinks. We disagree on much and that's ok. But in the end we're still Americans. Our strength is in our resolve to come together and fix things. We, as individuals, can start the process. I've made my decision and I implore you (and all others reading here) to join me. Interjecting politics into this issue is counter-productive. Be part of the solution, not part of the problem.
/soapbox
Any market predictions from the peanut gallery?
I think I saw signs of seller fatigue today. A brave me would make some light purchases Monday. A braver me will have to wait 'till next December
Unpacking the origins, history and spread of China's Coronavirus epidemic.
https://www.youtube.com/watch?v=xeduTpQNRUc
Definitely from the peanut gallery...(look up the origin of that, if you aren't familiar)
The fundamentals of the economy are unchanged. The FED signaling rate cut stemmed bleeding today. Future depends on how Covid 19 progresses. If we keep it fairly well contained and it's seasonal, markets should rebound by late spring.
Yeah, a terrible week. Got a little better today after the feds said they'll use some financial tools to help it. Hope it's some great tools (infusion or rate change) and not a plain solar calculator type of tool.
Before buying, I would check if that company has already recently announced they will not meet the quarterly numbers (everyone won't meet other than health accessories/parts or related pharmaceutical companies). Otherwise when the company later does announce it, that's their turn for another -4% to -8% (big down after announcement, happened to several of my favorites, one after another).
If there's no big bad news this weekend I might buy some too on Monday. However it's difficult to find good news or at least not have so many scary bad news lately. More people thinking it's going to be a lame year.
Standard disclaimer: not licensed to provide any financial advice... on your own. Our group used various methods this past week... dumped all, dump some or sat tight (no conclusive direction). We all also know money is not important, but the lives and health of the people overseas and locally is more important. We also know some supply chains got shot already, and some additional problems are under reported or not always reported (will affect stock direction).
Popular Science puts it into perspective
https://www.popsci.com/story/health/...Nn6Roj-MpvCGMg