#Covid_19 so far = 1218 infected, 39 dead. #SwineFlu = 58 mm infected, 12k dead. #9/11: all US affected, >3k dead. Perspective here? Need to get some.
But Fed, you can't fight the madness of crowds! Time for 0 rates for duration of public quarantines.
#TheRealDonaldJTrump shld announce replenishment of national oil reserve. #OilPriceWar not going to help Fed, world or Am consumer (much). But going to be brutal for #TEXAS & other production states.
The #MadnessofInternetCrowds ! #Fed wakes up & drops overnight money on banks & brokers via repo's & T-note buying. Good start. But pop and give-back show what Fed nds to do for a real bounce: Viz., Go to 0 #FedFunds & mandate a mortgage & debt moratorium. Today? Why wait?
So instant PUBLIC-ation of #CancelEverythingNow news will continue, obviously--Hanks, NBA, college closings, etc.) Go long white boards for online teachers? Lg'r economy nds stimulus asap to offset decline in face-to-face commerce & #Covid_19 related PUBLIC panic.
Damage from #COVID2019#COVID is real, but its source right now is psychological. Worry is infecting the world to a greater extent than the disease is. Yes, take common sense precautions. Odds favor car accidents over dying fr #COVID19. The real risk is now systemic, economic.
Stocks went negative in late Dec. So a down mkt's no surprise here. & yet.... 550 confirmed cases of #COVD19 in the U.S.--w/ fatalities < 5%. Even if multiplied by 12, that's an annual total <2000 deaths. Car accidents kill 33,000/yr, & yet...people haven't stopped driving. ?
Alcohol, hydrogen peroxide, carbon respirator masks-all flying off the shelves. Stocks crash. Interest rates at levels where they were when the banking system was pushed to failing in 2008. (There WILL be a re-financing boom.) Yes, damages from #COVD2019 are real. And yet....
Despite gain, much still negative. But RoboSmartZ' stock uptrend is intact. Barely!
Powell speaks Fri, 4 hrs aftr Aug job #'s out. Fed Funds are currently >50bp higher than nd'd to avert deflation & econ slowdown, so JP nds to make case for 50bp (OB!!) Sept rate reduction NOW.
@RoboSmartz posted 3 videos on #YouTube re today's #crash in #stockmarket. Lotsa reasons investors fleeing, but up-trend is still up--though we're looking over the edge into abyss as of close. #FederalReserve nds to lower #interestrates by at least 50 bps to catch up with world.