Coronavirus, Sharonavirus.
The Whores-of Babble-On presstitutes were having a field day blaming yesterday’s selloff on the Coronavirus.
C’MON, MAN!
The “Look Here, Don’t Look There! tactic couldn’t be more obvious and yet the sheeple believe it.
YES, there’s gonna be a big hit to the global economy from China shutting down their manufacturing.
NO, we’re not all going to die from the Kung Flu.
What’s going on is the markets are signaling that a long-anticipated pause is raising its ugly head.
Quite frankly, a correction at this time would be quite healthy for the stock market.
How much of a correction?
Good question.
Historically a 10-15% pullback won’t kill a market. So, with that in mind, a drop to the low 25,400 area wouldn’t surprise me.
We certainly hope that you took our advice in November, December and January about raising cash and having patience. (Read about it HERE)
If not, you might want to lighten up in case this decline accelerates over the next few weeks.
What bothers me the most is how this will be somehow blamed on Trump in an attempt to derail his re-election.
Here’s what’s really going on behind the curtain. Wall Street is saying that they don’t like Bernie and they especially don’t like Bloomberg.
Hence, a market selloff.
You must remember that the world sees us differently than we see ourselves.
The world sees Trump as the reason for the bull market.
If that changes things could get ugly really quick.
In the meantime, don’t get fooled here. The real crisis is in the bond markets. (We’ll address that tomorrow)
Have patience and put in your buy orders anywhere from 10-20% below today’s prices…and get ready to rock ‘n roll.
P.S. See our February newsletter tips (HERE).
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