Coronavirus causes china to produce fewer products. The stock market tanks, so the government creates fiscal stimulus backed by monetary stimulus. Powell has no intention of fighting inflation. The world is up against some big change here.
@JamesGRickards I'd hate for you to get sick, but unless you plan on staying up there for over a year, I imagine your risk will be greater when you get back. It's time to prepare, but not time to self quarantine just yet.
No harm in enjoying some peace in the meantime though!
3/ Dip-buyers now have 9% between here and the most offensive valuations in history. Downside is about -63% by my estimates. Remember how compounding works. Even after another -20% down, it would take yet another -54% loss to get to -63%. As in 2000, and 2007, not kidding here.