$INDU - Chart Link- I updated the percentage
indicator, crazy basically a 30% correction off the highs for SPX
and Dow, 29% and 31% respectively. And nearly a 40% correction for
IWM now Wow
Hearing from friend in Ireland that they were told that things
may remain closed for 4 months. Generally speaking, they are
about 2 weeks ahead of US in regards to Virus. Only time will
tell
Posted by kevindeng0727 on 16th of Mar 2020 at 12:22 pm
I lived in China until 17 yr old. From my sources, the economic
activities there are still well below normal levels (we can fee
that from recent economic numbers), even though the spread of Virus
has been under control. In some ways I think service-based
economies could be more vulnerable to social distancing - the
demand for most manufactured goods (e.g. cars) are just delayed,
but we won't be eating 5 meals a day in the future to make up for
the loss.
daily indexes % losses
Posted by matt on 16th of Mar 2020 at 11:45 am
$INDU - Chart Link- I updated the percentage indicator, crazy basically a 30% correction off the highs for SPX and Dow, 29% and 31% respectively. And nearly a 40% correction for IWM now Wow
European indices already broke 2015
Posted by kevindeng0727 on 16th of Mar 2020 at 11:47 am
European indices already broke 2015 lows. Dax took out its 2011 low this morning.
Europe
Posted by steve on 16th of Mar 2020 at 11:50 am
Hearing from friend in Ireland that they were told that things may remain closed for 4 months. Generally speaking, they are about 2 weeks ahead of US in regards to Virus. Only time will tell
I lived in China until
Posted by kevindeng0727 on 16th of Mar 2020 at 12:22 pm
I lived in China until 17 yr old. From my sources, the economic activities there are still well below normal levels (we can fee that from recent economic numbers), even though the spread of Virus has been under control. In some ways I think service-based economies could be more vulnerable to social distancing - the demand for most manufactured goods (e.g. cars) are just delayed, but we won't be eating 5 meals a day in the future to make up for the loss.
Wow, is right...and don't forget
Posted by stevieb294 on 16th of Mar 2020 at 11:46 am
Wow, is right...and don't forget the time it took to happen...