F’n Yahoo. There is no spike it is the testing and they know it. As if a 100 point means a damn thing.
It actually dropped about 300 points in about an hour between 2:50 and 3:50. I don’t think it had anything to do with coronavirus, though. Crazy turnarounds in the last hour of trading aren’t that unusual due to purely technical reasons, like day traders closing out their positions and some automated trading going on.
Business reporters love making up fictitious reasons for intraday market moves, though.
I think most market participants are trading on the belief that Coronavirus is on its way out and there will be a strong recovery, but are pricing in some risk, too.
It is a commonplace to observe that immediate post hoc explanations for the day’s market activity will be pure off the cuff speculation. It is almost certain that the markets have priced in the effects of the epidemic already. Today’s movement was small and within the margin of random error.
Exactly.
Unless they're dead in their apartment or face down in the street like we saw in China and test postive for CV-19 then add them to the list.
The numbers you see are just CV-19 with or WITHOUT symptoms.
The one thing we think we know is that a large percentage of the population may have had the virus without symptoms and even may have antibodies for proof.
I'd like more info on the antibody tests not just continuous fear mongering based on increased numbers of tests.