broke four-day win streaks on Friday, but they're still up 3% and 2%, respectively, on the year.
"The global economy was actually starting to show signs of improving before the virus became headline," said Yardeni. If the coronavirus outbreak contributes to the market's next serious leg lower, he believes U.S. stocks will rebound quickly. "Interest rates are so extraordinarily low," he noted. "The central banks have basically provided no interesting reasons to buy in the fixed-income markets and lots of reasons to buy in the stock market.""If I've got some spare cash, I'd like to just keep it as dry powder until I get a little bit more clarity on this coronavirus," Yardeni said.
nard_info TradingNation If you rich enough to worry about Stockmarket please donate to WHO TODAY for coronavirus diagnostics Medical supplies epidemic
TradingNation You think? You are supposed to be a business network. I have flown to China for 20+ years and thousands of times. Entire shopping complexes are shutdown in Shenzhen. Production stopped. People are suffering. Global supply chain impacts will be huge. coronavirus
TradingNation Hope so I need to buy more at discount prices.
TradingNation In the 20th century, the United States endured two world wars and other traumatic and expensive military conflicts; the Depression; a dozen or so recessions and financial panics; oil shocks; a flu epidemic; and the resignation of a president. Yet the Dow rose from 66 to 11,497
TradingNation Think of the very last nano second as a bullet is speeding towards a huge plate glass window. ..we are there. Ready for the ride? It will suck.
TradingNation Can’t prop it up forever with this much crazy Republican spending
TradingNation Bullshit... China has the virus and not even their stock market had a mayor correction
TradingNation Bad!!! Praying for Chinese kids!!! Sweatshops!!! Pollution!!! Coroneusvirus!!!
TradingNation Could, except the market is ignoring the risks.
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Source: CNBC - 🏆 12. / 72 Read more »