The month of March has rolled in like a ferocious lion for bullish stock-market investors, leaving little but carnage in its aftermath, as uncertainties about the effects of the coronavirus outbreak abound.
Besides obliterating the bullish trend the plunge has done a lot of technical damage, with a bearish, so-called death cross forming in the Dow, where the 50-day moving average — which many chart watchers use as a short-term trend tracker — crosses below the 200-day MA, which is widely viewed as a dividing line between longer-term uptrends and downtrends.It is important to note that the market’s reaction isn’t necessarily irrational to experts.
Cardillo added the “collapse in the stock market in such a short period of time suggests the worst fears of the unknown are being discounted. Indeed, calling a bottom is very difficult, but value is beginning to pop up in many sectors.
Sløk notes that the lockdown in the Hubei province capital lasted 50 days and extrapolates that based on current attempts to limit the movement of people in the U.S. economic activity may return to normal by May, with a market rebound, perhaps, in anticipation.
Are “they” going to allow end of quarter statements to go home in such devastated shape Just don’t think so.....
This is essentially a politically motivated great depression Death toll doesn't even justify 1% of the response
It's only the first leg down.
And second great depression just around corner for big banks to own everything!
This will be called the Great Crash.
It's going lower before it goes higher
It won't bottom much further. Enough with the doom and gloom.
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