Stock-market expert says what many are thinking as Dow sheds 4,100 points in a week: ‘this market is

[libertybele]

Stock-market expert says what many are thinking as Dow sheds 4,100 points in a week: ‘this market is not normal’

The breadth and intensity of this week’s coronavirus-fueled selloff in U.S. stocks has some analysts scratching their heads.

Thomas Lee, founder of Fundstrat Global Advisors, may be one of the few to acknowledge that something isn’t right with a market that was just enjoying a record close days ago.

“This is not normal and the market is clearly indicating to us a change,” Lee said, in a research report on Friday.

Lee said the oddities playing out in the market, including several days of 1,000-point drops in the same week for the Dow Jones Industrial Average DJIA, -2.97%  , signifies four things (though his tongue may be planted firmly in his cheek on the last item):

    A significant change in economic fundamentals
    A significant increase in ‘risk’ to the fundamentals
    The market’s financial plumbing is breaking down
    A meteor or alien invasion to end global existence has been spotted but its arrival is unknown (or a virus pandemic)

https://www.marketwatch.com/story/stock-market-expert-says-what-many-are-thinking-as-dow-sheds-4100-points-in-a-week-this-market-is-not-normal-2020-02-28?mod=home-page

[Absalom]

Suggest COVIR is the catalyst exposing leadership world-wide, for the
frauds and hustlers they have been since day one.
China cheats, lies and steals, yet is projected as an imminent world power.
Europe has a gaggle of leader nobodies who have yet to reach the level of
mediocrity.
The USA reeks of relentless political bull shit artists 24/7/365.
Africa and Latin America have lotsa people. Period.
As for institutions;
the RC Church is led by a closeted Peronists who is barely a Catholic
while Islam is controlled by militant fanatics who worship death.
Is it any wonder plain people are apathetic, confused and disillusioned?

[Free Vulcan]

China has 750M locked down, and it's numbers on the virus tally are bogus.

Yielding uncertainty, which the market hates. They well know China makes everything these days, and we are reliant on them for many things, at all levels in the supply chain.

Not to mention they buy alot of our debt and other paper assets, a fact that I don't think has been lost on the market either.

My only surprise about the market is that they didn't react sooner. We were already well overbought anyway.

[truth_seeker]

Is it any wonder plain people are apathetic, confused and disillusioned?

Why so glum? Claiming to speak for others?

Positioning yourself above "plain people?"

[DB]

Suggest COVIR is the catalyst exposing leadership world-wide, for the
frauds and hustlers they have been since day one.
China cheats, lies and steals, yet is projected as an imminent world power.
Europe has a gaggle of leader nobodies who have yet to reach the level of
mediocrity.
The USA reeks of relentless political bull shit artists 24/7/365.
Africa and Latin America have lotsa people. Period.
As for institutions;
the RC Church is led by a closeted Peronists who is barely a Catholic
while Islam is controlled by militant fanatics who worship death.
Is it any wonder plain people are apathetic, confused and disillusioned?

That's a pretty good summary...

[Absalom]

Why so glum? Claiming to speak for others?
Positioning yourself above "plain people?"

-----------------------------
Having another one of your days, eh??
How terribly sad?
Hey go find a doggie and bite him;
you'll feel better real soon!!!

[IsailedawayfromFR]

Why so glum? Claiming to speak for others?

Positioning yourself above "plain people?"

Must be a Bernie supporter, mad at everything and everyone.

I woke up this morning bright and energized.

Attitude is everything.  I see it in my cancer-stricken family and amazed they can be so cheerful in spite of travails.