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Discussion in 'Φ QANON & POLITICS' started by Rose, Jan 22, 2020.
Coronavirus news caused the Dow to crash by around 1,000 points on Monday. As this cartoon is published it may be way up again if the Plunge Protection Team jumps in to support it.
Fear of the virus forced stocks into correction mode, which was actually way overdue. The stock market has been in a bubble and mostly out of touch with economic reality. It has become a place for easy money to go, since there isn’t much return elsewhere.
The virus also shows how much the globe has become reliant on the cheap labor and lax standards in China. The shutdowns due to the virus have wreaked havoc on production. It’s a sure sign that we depend too much on a nation that’s ruled by a backward clique of communist tyrants.
Oil prices continue to crater along with industrial metals such as copper, due to the shutdowns and quarantines. Oil in particular was already in a bear market due to oversupply.
Meanwhile I’m sure the Democrats would be delighted by a stock market and economic crash. The Fidel Castro-loving Bernie Sanders would love it. Comrade President of the USA? It makes me sick just thinking about it.
China In A Bull Shop
Friday morning’s DOW futures are heavily in the red, and it does not portend well for the stock market. We’ve seen a 10-year bull market and some were saying the market could never go down, especially with the endless quantitative easing. Some said there was no other viable place for money to go, so the market would go up ad infinitum. A new paradigm of sorts. When you hear talk like that, it usually means the market has topped, but this bull just kept running up further no matter what.
Nothing could touch the Teflon market bubble. It’s a bubble that showcases unreasonable valuations (Tesla, for example), but the bubble kept inflating no matter what. Those that shorted it quickly turned into losers and were forced to cover—thus adding more fuel to a perma-bull market on fire.
It took China’s coronavirus to change all that. Now it’s a matter of just how much damage will be done. I’ve become accustomed to seeing the market always turn bright green after a few red days. Will Friday be the turnaround day? It remains to be seen and my crystal ball broke a long time ago, but it strikes me now that this market may not be just another buying opportunity.
Caution is advised.
This was an interesting insight: