3 replies to this topic

[Dex]

China did it in a large city.

Seoul shuts businesses down again after second wave of coronavirus cases

The USA may not do it but the fear of it will cause the next down leg.

 

https://www.nydailyn...5eha-story.html

 

 

[pdx5]

Correct, covid-19 and China sanctions are the 2 biggest factors driving the market.

My crystal ball can't see the future. And I do not want to look at charts since mid-March because those are all news based and not based on normal factors which affect stock prices.

 

I think China is a bigger factor now than covid-19. My reason is we have over-capacity (ventilators, medications, ppp) to fight covid-19 outbreaks. And we have already done more testing than rest of world combined, and that capacity will double real soon. So market has little reason to freak out. We know much more about covid-19 now compared to mid-March.

 

So, what it boils down to me is, if market drops tomorrow based on China sanctions, I intend to use it as a buying opportunity for LT longs.

[andr99]

my FF is spx down to 2850 and then up to new highs..........maybe 4000 in 2021......the covid outbreak doesn' t regard the west now, because summer will probably make the covid disappear. South korea closed a town where there were just few cases as they act with prevention, that's why they were so effective in controlling the previous outbreak. Besides, there are all the central banks of the west in control now. They have said and repeated that they won't allow another financial crisis like 2009......translated it means pumping and pumping 

[andr99]

2850-2950.......spx then up