👉Markets in Free Fall Worldwide as Country after Country becomes Economically Crippled !! 👉 Subscribe to my Backup Channels :
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The Fear of the epidemic causes Dow Jones and Nasdaq to plummet. American Airlines swoops - Strong sales on Microsoft and Apple that drag the market down - Oil is falling. The Financial Markets globally are in free fall as the world wakes up to the fact that we are in the middle of a virus pandemic. This is a worldwide epidemic . Even here in the United States, we have this one case that everyone's focusing on, but what we failed to miss is the fact that the CDC; because of a problem in getting their test reagents out to the local labs, we've hardly tested anyone.
And so here the absence of evidence is not evidence of absence. I think we have a much more robust transmission going on in this country right now that we just haven't picked up. And this is happening in countries around the world. Now 50 countries confirmed, and I suspect it's in many many more than that that will be confirmed in the days ahead. The virus continues to spread globally. More than 80,000 cases have been confirmed worldwide, including just under 1,000 in South Korea, more than 280 in Italy, and 53 in the United States.
President Donald Trump may claim that the U.S. has the virus under control, but health experts and stock market strategists are less confident in the administration’s assessment. Japan has called for all public schools to be closed from next Monday to the end of spring break in April. This, as infections outside China, now outnumber those inside China. Saudi Arabia stopped the pilgrimage to the Islamic holy sites. Numerous international flights have been cut back or canceled. Altogether, 50 countries or territories have confirmed cases of the virus. South Korea has again seen its biggest one-day jump in infections, and Saudi Arabia has stopped travel to religious pilgrimage sites due to fears over the virus. In Europe, Italy's outbreak has worsened, while Romania, Denmark, and Estonia are the latest countries to confirm cases. And Australia is taking emergency measures to stop the disease spreading. Numerous international flights have been cut back or canceled. Countries around the world are fighting to ward off a pandemic.
And the FED is speechless in the face of trillions in lost global GDP output; as country after country becomes economically crippled.
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CNBC reported that the virus already wiped out $1.7 trillion in US stock market value in two days. Dow Plunges To Worst Level Since December. The Dow Jones Industrial Average is now at its lowest level since early December.
The S&P 500 lost an estimated $1.737 trillion in value in two days. Bounced hard off of something 150 pts in seconds. The bounces are inevitable; traders are going on hunting trips hoping to catch bears out.
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