Scholarship table
Remember, you don’t lose until you sell.
Well, that close was, um, optimistic! Get ready for another zag, or is it a zig? On Monday.
Yeah, please someone explain what happened in the last 20 minutes. I'm guessing that was the fastest +1000 points in the history of the market.
A market that was aggressively oversold on hysteria and panic responded to the first semblance of a plan from the administration including testing implementation and other initiatives.I told my buddy earlier today as he was clamoring how bad things still were, how he expected much more blood. From last Wed to this morning, the market was down 20%. That was on top of nearly 10% from highs in the week and change preceeding. No matter the severity, that is a historic and unprecedented drop that dwarfed the swiftness of 2008 for example. Even if there is still more bad news in terms of reduced guidance and missed earnings, let that come out and the market drift lower instead of these calamitous drops.His speech was borderline terrible in parts and there was bluster, but it was still the first time it seemed like there was a handle on this in some fashion. I personally expect to see a further drawn out bounce, and then we see if we work lower in a more orderly fashion.
Monday will respond to two days of news.
Ok Dr Doom. I was trying answer a question someone had. And the market has been reacting to worst case scenarios without governmental plan or strategy all week.But sure, given your worst case vision on everything surrounding this, we probably will blow out another 2-3 limit down days and crash through 2000 on the SPX.
No need to get bent out of shape, I made no judgement, nor prognostication about the next two days. But they will determine the market Monday. If the US pulls what Spain just did, and added 40% to their covid numbers, the market will tremble again.I didn't say it was deserved, just a fact of life. People are reactionary, and the market is proof.
Since the CDC only managed 77 tests, just 19 more than the Utah Jazz last week, I doubt the reported numbers jump significantly.
You must have missed this page, in which the CDC is admitting public health labs are testing about 2000/day, and the CDC is doing like 25/day.https://www.cdc.gov/coronavirus/2019-ncov/testing-in-us.html
Wow, I'm very concerned for Benny. Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.
Local news today.Yale New Haven replicates COVID-19 test; hopes to use it on 200 samples a dayBy Mary E. O’Leary Updated 9:15 pm EDT, Friday, March 13, 2020www.nhregister.com/news/coronavirus/amp/YNNH-replicates-the-COVID-19-test-will-be-able-15129666.php
Is this an argument for privatization?
Competent government