- 02 Mar 2020 08:24
#15071306
Hey I don't want to fear-monger or encourage such people but it occurs to me, seeing a recession over this is actually possible.
Like, more Americans could have died in a freeway pileup without causing a recession. But China's economy has been hit harder and it will have a ripple effect. The Brits have lost 1,000 points in the past couple weeks. If I had been watching foreign markets more closely maybe I wouldn't be so surprised.
The US has clearly over-reacted IMHO and no, Trump is not at all responsible for a super flu in China that has killed one American so far (hopefully no more). But stock futures are way down. Banks are making promises now so we'll have an up day but like I wrote earlier, we are probably going to see a lot of ups and downs this week and a recession is no longer impossible.
The good news is that China will surely recover once it gets warmer, which means the rest of the world's markets will calm down shortly after, since they also panicked shortly after. And yes, that will start about 5 months before election day, meaning we might be back in a boom by November 2020.
Sucks cause I was hoping to make a lot of money during election year (the market usually does well in these years) but it's starting to look unlikely this time around.
Like, more Americans could have died in a freeway pileup without causing a recession. But China's economy has been hit harder and it will have a ripple effect. The Brits have lost 1,000 points in the past couple weeks. If I had been watching foreign markets more closely maybe I wouldn't be so surprised.
The US has clearly over-reacted IMHO and no, Trump is not at all responsible for a super flu in China that has killed one American so far (hopefully no more). But stock futures are way down. Banks are making promises now so we'll have an up day but like I wrote earlier, we are probably going to see a lot of ups and downs this week and a recession is no longer impossible.
The good news is that China will surely recover once it gets warmer, which means the rest of the world's markets will calm down shortly after, since they also panicked shortly after. And yes, that will start about 5 months before election day, meaning we might be back in a boom by November 2020.
Sucks cause I was hoping to make a lot of money during election year (the market usually does well in these years) but it's starting to look unlikely this time around.
Lmao, I guarantee you no fund manager is driving an ETF based purely on spite. -- some guy out there actually believes this.