This is all very temporary. Market is healthy and will do fine over the medium to long term. Stocks on sale here. I'll be day trading long if the right opportunity presents itself. We are in value territory. I'm glad we are finally getting to where this can run it's course. We don't want folks to die, but hopefully the steps we are taking will limit the deaths. I anticipate that as kits are rolled out, and more cases identified, we'll begin to get a sense of a much lower mortality rate than people think. I'll be swooping in to buy up shares from the folks that are scared.---By the by, The Fed has overstepped here and this rate cut was unnecessary.
The only markets "healthy" are those for toilet paper and hand sanitizer and they have supply and distribution issues. Thousands of private business will be shuttering daily and big biz will take historical hits....wake up.
By the end of the week... everyone will know someone! My daughter had the flu on Weds.. turned out to be standard type A .. done in 2 days! Thank God!
Here is the CME Group's published list of circuit breaker levels: https://www.cmegroup.com/trading/price-limits.html#equityIndex
At some point "the people" may do a french revolution thing... Stand up and move on the wealthy. "The people" can lose tolerance of lawyers and anybody else who assumes they are stupid. ...but this can play out in ways that are good or bad. We are getting a kick in the pants. Good can come out of this if we think about it and work together. Things need to change in how we have been going about a lot of things.
Buy low, sell high. That is what I'm looking to do today. It's easier for me to do that on pullbacks or panic sells etc. ---Looking for right opportunity to get into a day trade long. If we keep halting, and even if not, we'll be looking at more great long term buying opportunities.
In the bigger scheme of things, The Fed cut is immaterial really. It's just a blip. The real thing is the defeat of the virus which will happen soon and the return to normalcy. This will be aided by the safety net that The administration has set up to keep the economy moving. When all is said and done, the world will be investing in The US.
I`m not so sure "The People" are Strong enough... or Destitute enough to revolt today or anytime soon... It`s been overdue for quite some time & feel it will happen at some point in the future... preferably in my lifetime so that I may see a slew of politicians heads do the " Robes- Pierre" into a basket after a meeting with Mr. Guillotine!!!!