yep just edited it but you were too quick;)
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yep just edited it but you were too quick;)
us futures looking pretty bad at the moment >1% falls forecast , europe looks even worse
Strong Bear waking up and smashed already through the MA 100 ... up to higher highs!
Attachment 11066
.... just look at this volume ...
10m ago08:31The European markets are a sickly sea of red this morning. - The Guardian
Reminds me of the good old days in 2008/2009
see of red first US case virus confirmed us markets could fall 20 - 30 % easliy i reckon if virus spreads in US
I really hope people heard all our argument here n not buy during the last couple days dips, hoping for market to bounce back. The market has not seen the worst yet..this is just a begining.
i agree worst maybe still to come if virus keeps spreading becomes a supply side shock , monetary policy not really good for that. rate cuts dont make you want to fly or go out to dinner. only be more juice for the drug induced market to rally more. so i hope they dont cut rates everywhere again to feed the bubble.
anyway we bounced of the around 3000 level sp 500 we mentioned couple days ago to watch so nice bounce if it only ultimately means a temporary bounce.
Is the US debt bubble about to pop... geeze it's at bubonical plague levels... debt to wealth ratio $1400 for every $1 of wealth lol...
Debt per citizen $72,326 ... debt per tax payer $188,957... us national debt 23.3 trillion dollars...
Check out the numbers here
https://www.usdebtclock.org
:cool:
.^sc
The 2008 global financial crisis was bailed out by stimulus and corporate bailouts...
Is there any money left to do it again?
:cool:
.^sc
Pandemic virus will disappearing however the impact to economy will remain and recovery will take time.
Meanwhile, post pandemic will change people behavior of traveling. People will be more careful.
Definitely... recovery will take time. So expecting mid year 2020 and Feb 2021 financial reporting seasons not too good in opinion.
heres a example of bad senario from robobank in the netherlands
The question is whether the current epidemic can leave a permanent mark on the Chinese economy or, if it spreads further, the global economy. Permanent economic damage often occurs in case of a supply-side shock in the economy. This means supply-side factors, i.e. capital, labor and technology, are permanently affected by drastic events, such as an armed war, natural disasters, financial crises or a global epidemic or pandemic. At this point, the corona outbreak is nowhere near a pandemic and such a pandemic should be considered as a worst case scenario. But under such a scenario, there is a high risk of permanent economic damage. Pandemics in the past, such as the Plague in the mid-14th century or the Spanish flu in 1918-1920, illustrate how these events can leave economies crippled. Due to the Spanish flu, for instance, the US working-age population shrank by half a million people over the course of one year (Figure 6).
https://economics.rabobank.com/publi...e-coronavirus/
so rate cuts wont help