I never said the virus situation would affect the numbers at all. My point was to see the amount that real data would affect things vs. what still might be unfounded panic by a virus that has killed exactly 1 person in the USA. Will the markets ignore positive jobs data and focus on mass panic instead? But keep going quoting me on things I don't say. Why am I even responding to someone with as awful a personality as yours anyway?
Again, it's basic macro that when you believe you have great uncertainty ahead, a backward looking, lagging indicator like the jobs report is of almost no value in predicting what will happen going forward. So it won't have any impact, nor should anyone with any background in this expect it to. Market participants aren't focusing on "mass panic" per se, they're focusing on the impact to the supply chain that has happened and will continue to happen. Of course only if you believe in crazy ideas like the fact that massive supply chain disruptions around the world will impact the world economy, which you've argued hard here isn't the case. And cut the ad hominem crap...that is a sign of nothing more than a weak argument and certainly doesn't reflect well on you.
And I'm saying that perhaps this massive supply chain disruption may not even happen at all. Perhaps the psychological factor is larger than any real factor that will ever materialize. No it's not a sign of weak argument. It's a sign of not wanting to waste my precious time on Earth talking to you.
Yes, the markets are going to focus on the mass panic. With that first US death over this weekend? Gap down tomorrow night. Sux to be a bull like me.
I believe Warren Buffett's quote goes something like... "Be fearful when others are greedy, and greedy when others are fearful." Do you think his $122 billion cash pile will be shrinking soon?
Probably, because he can afford to get into the markets during a correction, and survive a bear drop and hold it for a couple of years.
As I keep repeating, it's never different this time. Whether it's on its way up or way down, it's always characterized by one and the same thing: EXTREME. Extreme greed and extreme fear. In another word, human stupidity.
Wow, unbelievable! That's the year I started trading as well. How we could have ended up on two different poles is another matter for debate.