- CV driving prices down, providing just cause for lowering rates. - Election in November, T wants to race the economy. - CV will blow over after the summer; it will be old news. - There's no real structural problem; honestly, most of this is hype - The numbers coming out of China are not to be trusted - A vaccine/cure/antidote will be found - The media will back off the scare tactics, and ease concerns of the unwashed masses... Up up up she goes!
Your timeline is too pessimistic. Jus to compare, the SARS hype was gone in less than 3 months. And SARS was much deadlier than CV. I'm hoping for a bounceback this monday.
%% IF CNBC hypes/predicts bird flu pandemic again, that could be a good sign. Good thing for the bulls most companies are run better than TSLA+ DAL sector.See what QQQ + related dose on 200 dma?? So far so good , but 4 hours 'till close. NOT sure any really could blame DAL's troubles on virus, media did. DAL sector has always been weak, bankruptcies. AND the DAL CEO actually admitted he was buying a billion bucks of carbon credits+ the market seemed to hate that nonsense. LOL
%% TZA is still going up; but I don't like to give up as much profit on that as i'm willing to on longs. I may buy some more tech if QQQ+ related close above 200 dma+ it may?? 3 hours 'til close.....................................................................
I let go of the more short etfs this morning. Will buy them back after the markets regain 50% of their losses in the next few weeks.
Gold plunge today has me thinking same... we went from 1630 down to 1571 today. That money is moving somewhere... Specific industries will be hit harder than others (Airlines, DIS closing theme parks, etc.), but big tech has already been diversifying their supply chain for the past couple years.