Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Worst point drop in history amid coronavirus fears
Markets hate uncertainty. COVID-19 (coronavirus) is a big question mark... And the number of outbreaks and cases continues to climb, making me think we will continue lower for a bit until we feel more secure about value and feel more secure about containment.
I was thinking more like the beginning of the Walking Dead. People wonder how they didn't realize how bad the pandemic was until it was too late. I feel like we are in that twilight period.
And the world is lead by the inept and not just in the US but worldwide. So its gonna get nasty. I wouldnt be surprised is this virus never goes away and just becomes a seasonal thing like the common flu.
What if the Coronavirus is a scapegoat for risk off without raising suspicion? I don't recall the market batting an eyelash when China quarantined hundreds of millions of people...
Good point! I agree with you that some of this is just a ridiculously over-extended market finally coming back to reality. Also, I believe the Fed just started to wind down its Repo-juicing operations, so ain't that a co-incidence.
R.I.P. Roy Goldberg (srgtroy), 1965-2023.
Please visit [url="https://nexusfi.com/off-topic/60226-srgtroy-r-i-p-brotha.html[/url] for more information.
SARS also had a higher mortality rate. This virus with its lower rate means it one patient can infect far more before they die. It would have actually been better if the rate was higher then it wouldnt be able to spread as quick or for as long.
But even that may not matter as it now appears to transmit between people not showing symptoms. Which means you will start to see it pop up in unconnected places because we cant track those transfers between seemingly healthy people that are transmitting it.
