Based on science. And facts.
? Isn't it #7 as a percentage basis, on that link you include.
Classic dead cat after a historically fast correction. Rate cuts don't cure viral pneumonia or destroyed supply chains. The outbreak is rapidly getting worse in the US and elsewhere. People are starting to ransack every retail store in some areas and a grocery trade organization suggested that members consider a number of steps including limiting how much individual customers can buy of high demand items. The equity market bounce today is not reflective of the real world, so far as I can tell.
Really? Let's break this hyperbole down.
"People are starting to ransack every retail store in some areas ...."
Evidence please?
The brewer12345 post above is the worst form of alarmism.
Scientists and governments are all over this. As to the former, the world's best and brightest scientists are on the case.
I'm standing by, waiting for live footage of retail establishments being ransacked.
Perhaps ransacked wasn't the best choice of words. However...
While this isn't yet in ransack territory, "the day is young". What happens when the supply chain is disrupted and no new stock comes into the stores? Then it becomes like a run on the bank.
Look, nobody wants that to happen (at least I hope not). But more and more things are sold out online (places like Amazon, Target, Walmart, Sam's Club) and doing some drive by's on the way home it just seemed like the super markets were awe busy for a late Monday afternoon (even given it is the beginning of a month).
Really? Let's break this hyperbole down.
"People are starting to ransack every retail store in some areas ...."
Evidence please?
The brewer12345 post above is the worst form of alarmism.
Scientists and governments are all over this. As to the former, the world's best and brightest scientists are on the case.
I'm standing by, waiting for live footage of retail establishments being ransacked.
https://www.cnbc.com/2020/03/02/gro...buying-as-coronavirus-causes-stockpiling.html
I could point to plenty of other indicators, but something tells me your mind is made up. I hope you are right and all those best and brightest people who apparently couldn't figure out how to even test for the disease in the US figure out how to defeat it. I expect they will, eventually. In the meantime, we will live in interesting times.
My mind isn’t made up. I am, however, a scientist. So I am still waiting for evidence of retail stores being ransacked, which is what you said was underway.
I witnessed a Costco sold out of water. I didn't need any, just noticed.
? Isn't it #7 as a percentage basis, on that link you include.
Good enough to take DW out for frozen custard after dinner.
On points but not percent - though 5%+ ain’t a bad day. Not that it means the pullback is over, but might as well report the good with the bad. Good enough to take DW out for frozen custard after dinner.