He’s probably already bought stuff and telling the rest of us later.
Corona is something with a clear end date. I don’t think it will drag on for too long. Curves will get flattened out in time. Even Italy is showing signs of stability now. We literally have trillions of liquidity pumped into the market from every central bank in the world. Nobody can time the bottom precisely.
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I don’t think there’s a short term end date. If you follow china news, lately they’re trying to say foreigner are re-introducing the virus back spreading. Basically they’re already looking for excuse for second wave of explosion. This thing was never resolved in china. They rush to unlock it back because of the economy. As long as there’s invisible infected running in this world, it will keep on spreading until there’s a vaccine.
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There may be a second wave brewing in China but Korea so far seems to be holding up. There will be a lot of pressure to reopen the economy here just like in China. Trump is already getting impatient. If everyone can test as much as they want, we can do what Korea, Taiwan and HK do. Test, trace close contacts and track the confirmed cases. People can go back to work.
https://thehill.com/homenews/senate/489382-senate-white-house-reach-deal-on-massive-stimulus-package
The bill will give a one-time check of $1,200 to Americans who make up to $75,000. Individuals with no or little tax liability would receive the same amount, unlike the initial GOP proposal that would have given them a minimum of $600.
It creates an inspector general and oversight committee for the corporate assistance program, similar to what was done for the Troubled Asset Relief Program of a decade ago, according to a senior administration official.
It will also provide $25 billion in direct financial aid to struggling airlines and $4 billion for air cargo carriers, two industries that have taken a big hit in the economic downturn. If airlines accept a grant or a loan, they will have to agree to restrictions on key issues like executive compensation and stock buybacks, the senior administration official said.
ppl don’t wear masks here, Americans don’t listen, go to millbrae safeway and take a look, crowded, no distance., 2 person at max. less than 5% ppl wearing masks. it can slow down, but once relax up. it will blew up again. Now more facts come out, it’s not only old ppl, a lot of younger ppl will need hospital bed too
Not happening here. My friend’s coworker had a fever for a few days now yet Kaiser still refused to give him/her a test.
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The economy can’t stay shut down longer than a month or two. Somehow it will be reopened, long before vaccine is ready, dead bodies be damned. C’mon, vaccines will take 12 to 18 months. Can we have the whole country sit at home doing nothing for 18 months? That would be the ultimate Communist paradise.
You forgot that we are in California.
Scientifically virus is too difficult to kill by medicine except by immune system.
With 30% market fall, lot of issues, jobless and business loss.
If I guess, market may go down another 20% to S&P 2000, extremely difficult for next 2-3 years.
Today jump 10% is just volatility back again!
Just wait for next 21 days, VIX goes to 85+ again telling political stalemate and show the recession!!
This is pure guess, it may be wrong, but I am scared when market is up like today.
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Trump better get that UBI ready. Yang quit the race too soon.
I think the most likely outcome is we will reopen after at most a month, at least in CA. Not sure about Italy 2.0 aka NY and NJ. They make take two months. Not sure. But I can’t see how the economy will stay shut for longer than two months.
So we reopen say in May and go on our merry lives. Then in Fall another outbreak, hopefully smaller, and we shut down again. This time we are better prepared and won’t need to shut down as long.
Then next year vaccines are ready and we will see the second half of the biggest secular bull market America has ever seen under President Biden.
This is not weird, but well orchestrated by market makers to show down the market. If I guess or my inference right, wait and watch until Apr 10th (Friday) & Apr 13th (Monday) !
CA and NY ppl are screwed by stimulus, a lot of them will not get anything but at highest living standard, another bailout for company and screw the ppl
I guess not everyone is worried about affording their mortgage.
I was in Lowes and Home Depot last week. I needed to rehab a rental and I’d already started the work so I just wanted to get it over with.
I was surprised by the amount of people in Home Depot and I’d agree with your thoughts - I hoped people who were shopping were aware of the amount of pain that was coming in the next few weeks.
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