America's most valuable company warned investors on February 17 that its sales would miss the mark because of chaos caused by the coronavirus outbreak in China.Yet investors, betting the coronavirus storm would soon pass, plowed into tech stocks, sending the Nasdaq to a record high the next day. By February 19, the S&P 500's price-to-earnings ratio, a common valuation metric, climbed to new cycle highs.
That's the highest level since May 23, 2002 and well above the 10-year average of 14.9. Moreover, nine of the market's sectors were sporting P/E ratios that exceeded their 20-year averages, FactSet said.In other words, markets were due for a correction, as Goldman Sachs presciently warned last week.
All about the money. Not much about the people?
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Global stocks tank as investors brace for a coronavirus pandemic - Business InsiderThe flu-like illness has now killed people in Italy, Iran, and South Korea, fanning fears it will hinder the global economy.
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European stocks set to open sharply lower on fears coronavirus is spreading in ItalyEuropean stocks are poised to open sharply lower Monday as investors watch as Italy grapples with the largest coronavirus outbreak outside Asia.
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BNP Paribas names the Asian stocks to buy during — and after — the coronavirus outbreakSome Asian markets and sectors could be immune from the economic fallout resulting from the ongoing coronavirus outbreak, said BNP Paribas. Find the corona virus stocks to profit from tonight using crowd-sourced fundamental research. Our whatsapp room is nearing max capacity. I’ll put the list in my will. !!!!!! Many of the stock's prices of some American and other companies are with very different real prices already - down, down, down (for example Dell, HP, Microsoft, Google and many others are with fake stock's prices) !!!!!!
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Italian stocks slump 4%, as European equities crumble on spreading coronavirusEuropean stock markets fell sharply open on Monday, with investors gripped by concerns over the spread of the coronavirus, with cases shooting up in South... Join our telegram community for FREE - Signals - Analysis - Education - Trading Tools - Market Updates - News & much more Get instant access at forex forexsignals Down 750 a short while ago - I am thinking the market will try to go for down 1000 by end of the day This isn’t about corona. This is about sanders. If sanders wins, expect a 70% correction.
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