That’s actually an interesting point.
At the time, a lot of people believed that Japan’s manufacturing capabilities couldn’t be replicated. What do you think were the primary drivers that led to the crash in the Japanese economy and how do you think the lessons apply to California today?
There is a difference. There is a body of people who do not believe California is infallible and there are 49 other states to pick up the slack.
People have predicted California price declines forever. I wouldn’t bet on it.
Central Banks have systematically destroyed cash with excessive printing, ZIRP, and even NIRP
Population of California grew almost three times in last 50 years. Do you project the population to keep growing at the same pace? For that to happen a lot of things have to happen:
“The market itself was stretched, which is true, so we were begging for some kind of correction and this is the catalyst,” he said. He is expecting that the stock market will face at least a 10% drop from its recent peak, which would meet the criteria for a bona fide correction held by most market technicians.
S&P has declined nearly 3.5% from ATH, 6.5% to go.
Some stocks have declined more than 10%.
“I’m not negative [on the stock market], if you’ve got cash and are looking to get in this [market], this is an opportunity,” Acampora said.
Please reply in the tricks thread: how to not catch a falling knife?
Boston fell. NYC any minute now.
Just opposite of Santa Rally happened last month, that is all. Market makers deliberately brings down the market to scare retail investors, in the name of coronavirus, and when everyone ran away, they pick up the stock at lowest !
Boston “fell?” Aren’t we being a bit dramatic?
Well - here’s some lyrics from a great old Don Henley song. I understand it was inspired by verses from a late 19th century poet - who drank himself to death.
And everybody knows that the Plague is coming
Everybody knows that it’s moving fast
Everybody knows that the naked man and woman
Are just a shining artifact of the past
Everybody knows the scene is dead
But there’s gonna be a meter on your bed
That will disclose
What everybody knows
And everybody knows that you’re in trouble
Everybody knows what you’ve been through
From the bloody cross on top of Calvary
To the beach of Malibu
Everybody knows it’s coming apart
Take one last look at this Sacred Heart
Before it blows
And everybody knows
Everybody knows, everybody knows
That’s how it goes
Everybody knows
Oh everybody knows, everybody knows
That’s how it goes
Everybody knows
Start a new thread for the virus.
They are way behind.
We’re #1.
One additional selling catalyst Friday was a delayed “sell the response” to very strong earnings from Apple (AAPL) , in particular.
Bears took down 
AAPL on Friday.
It is important to keep in mind that corrective action like we saw Friday tends to be index-driven.
In other words, some stocks would be “unfairly punished”.
A number of strategists are predicting significant pullbacks of 10% or so…
Guess have to wait and buy more
Why? Declining interest rate to may be even negative lead to exploding asset inflation?
Anyhoo, given current global monetary system (central bank/ fiat money/ fractional banking), long term should not hold cash, always RE (min owned a Primary) + stock equities (at least S&P index fund/ETF).
Or not able to withdraw your money from banks some day! Buy bitcoin?
Qe and easy money forever
@caiguycaiguy gave me a shock until I read the article,
Meanwhile, Hong Kong’s Hang Seng index rose 0.59% as shares of Chinese tech juggernauts Tencent and Alibaba jumped 2.09% and 1.7%, respectively.
I have BABA and TCEHY. Shouldn’t quarantine and travel restrictions mean people have to stay at home? So can only buy via e-commerce (BABA), watch online videos (BABA, TCEHY, IQ), and play video games (TCEHY).
Futures rocket! Guess WS is aware of Gilead’s remdesivir.
With years of experience with market, you should know by now, it is not about coronavirus, but is used as scapegoat ! Market has to correct to 8% to 10% level and then turn back ! This is like ocean wave !
Who makes money? Wall Street and big banks!
Apple, Intel, and Other China-Exposed Stocks to Buy on the Dip
These stocks could be vulnerable if worries around the coronavirus and Chinese economy escalate, and should remain under pressure until the outbreak is brought under control. That makes them a good buy. Many of the listed names are in the semiconductors, autos, and tech hardware sector, including Apple (ticker: AAPL), Intel (INTC), Nvidia (NVDA), TE Connectivity (TEL), and Western Digital (WDC).
WDC means MU too. Have been waiting for NVDA to fall back to the Earth.
Citigroup economist Li-Gang Liu expects China’s GDP growth to slow down to 4.8% in the first quarter of 2020, and has cut his forecast for the full year to 5.5% from 5.8%. The outbreak is expected to peak in March, Citi strategists estimate, and Asian equity markets are likely to keep falling until there are signs infections are leveling out.
Mar? So can go on a holiday now.
