Loading ...stabilise the u.s. major indexes…they have come back a bit…I could see a scenario wherein the mkt opens and they bring back the DOW to down 50 or so,,,,and then down 200…stabilise…down 150…then down 300..400…etc…maybe close down 600…but no panic yet–That said, I think panic could breakout at any time…the potential is there…
Chinese stocks have made up the entire 10% drop they initially made on the early news of the virus outbreak,,,last nite was-I think–the first down session of any significance…I wanted to take home some VXX calls on Friday but the risk of coming in today to the upside was too much for me…I’ll see if the indexes get a bounce on the open…remember the friday session–with bonds well bid and the transports down 130…they just couldn’t break the other indexes…then the DOW coming almost all the way back in the last 10-15 minutes….This 2020 Titanic is going to be difficult to sink
The news flow is mixed-I am hearing hopeful talk about “new cases peaking”…also hearing some new dire predictions…supply chain disruptions causing factories to close all over the world…etc etc.