Stock-market expert says what many are thinking as Dow sheds 3,600 points in a week:

[turbinetree]

‘This market is not normal’

Published: Feb 28, 2020 10:01 p.m. ET

By
MARK
DECAMBRE

U.S. stock market heads for its worst week since 2008

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 two and potentially three days of 1,000-point drops in the same week for the Dow Jones Industrial Average DJIA, -1.39% , 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

[napi21]

1. I listened to several analysts in the last few days, and they all said it was uncertainty of the

effect of the virus on the supply chains. MSNBC had a reporter from a port in Calif. who showed a port that usually is clogged with cargo ship from China. Today there was ONE SHIP in that port.

One analyst went as far as to say they depend on information to make purchase/sell decisions and they aren't getting any accurate info. Info providers are China & the WH and they don't trust either.

[liberalmuse]

2. My workplace is feeling it.

Between the coronavirus and Trump's tariff's, a lot of companies are feeling it bad right now.

[customerserviceguy]

3. The market

has been artificially high for quite some time, all it took was something to spook the market to get the bubble to burst. Thank goodness my IRA has been in nothing but money market funds for the past two years.

[smirkymonkey]

6. I agree. It was only a matter of time.

My 401K is also mostly in money market funds w/ small holdings in bonds and some large cap equities. However all my profit-sharing is in company stock which took a big hit this week, but the stock price is still above what it was 6 months ago.

BTW, I love your sig line! That's Jack Handey, isn't it?

[customerserviceguy]

10. Thanks!

It may well be a Jack Handy quote, but I don't remember where I stole it from. Actually, my belief is that good jokes are never "stolen", they're just "recycled".

[uponit7771]

4. 750 million people in China were quarantined for weeks (link) that's a big hit to world GDP

https://www.npr.org/2020/02/18/806868972/coronavirus-lockdown-democratic-caucuses-and-primaries-ahead-weinstein-trial

[melm00se]

7. you might find this vloggers video interesting

[napi21]

9. WOW! With all of that, they're still having more cases. No wonder the market is tanking. nt

[kentuck]

5. It must have been chaos on the floor of the exchange?

I was watching the ticker yesterday and it went down like 200 points in two or three minutes and then it gained it back. Seemed to be very volatile.

[lindysalsagal]

8. So glad my house sold last week and I pulled my equity out.

Just. In. Time.

Whew. Hope everyone has such luck. I was worried for months.

[struggle4progress]

11. "Let's squirt a trillion bucks of deficit into the economy and talk lots of crazy shit!"

[Ron Green]

12. Wall Street, the Stock Market, the "Financial Services Industry"

- - - none of these is actual wealth, but they make a claim on real wealth, and that’s a problem for a so-called Constitutional Democracy. Just think about what really has been propped up for so long by these people.