The problem for the markets is that, though total deaths are going down, the number of countries that have to institute quarrantine protocols, etc, is going up.
That hurts business opportunity more than the actual death count to a great extent.
A Romanian man this morning tested positive for Covid19 after returning from a hunting trip with an Italian guy that was not showing symptoms.
Now both are Covid19 positive. The Romanian authorities are now watching traffic between Romania and Italy like hawks.
This has the side effect of slowing commerce, which reduces profits just from the added time of doing business, etc.
Seeing this kind of interference in business, for good reason, makes investors want to shift their money to unaffected parts of the global economy or go to safe havens like Bonds and crypto.
This means sell off on Wall Street to retrieve capital.
Jim, it will effectively go around the world before a vaccine can be produced and distributed. Even then, it will be with us forever, a new paradigm along with the existing flu viruses we contend with and vaccinate for now. Get by this year and it will work out.
Markets will adjust and settle down. The wall street crowd has always been a twitchy herd.
You are my age or better. I suspect you adjusted your mix to cover your ass, as I did several years ago after that financial crowd tanked the economy.
Did you see on your taxes this year that it specifically asks about activity with crypto currency? Boy how times change from when we were kids.
