Coronavirus Stock Market buy off.

[SgtLanquel]

well, she came back to test her breakout area, filled the gap ended with a green candle last friday and today........


TSLA

6 month daily

last friday's low was a critical hold, again where it broke out adn it did hold......can she reclaim her 8 ema tomorrow?....

Giant 300% spikes are fun to observe but far more pertinent is the question of whether any stock can reasonably forecast at 10% (or more) avg gain per year. I believe Tesla meets that measure and as such any short term dip presents a more optimal moment to participate

As for their ongoing explosive production in China gigafactory, any temporary shutdowns there or elsewhere in the China>outgoing pipeline will soon be overcome by the new gigafactory in Berlin (and possibly central Texas)

 

[PatsFan1283]

We'll get there, don't see how the Fed can reverse the downtrend. They're flooding the financial system w/ liquidity yet it is still in a deflation mode. If the outbreak last through the summer, China will have a recession later this year, then the US will follow. We likely see more economy stimulus from China/US to reboot the economy. Stock market tend to bottom out before the recovery.

Next week is a big week, not only we're getting bombarding with endless Covid-19 negative headlines, but the Super Tuesday. Bernie Sanders extending lead over others will definitely cause more selling. I hope he does not win, I'm still holding a good chunk of healthcare stocks. Sanders to win Dem nomination will send my bio/healthcare stocks down the toilet.

I like utilites and staples ETFs like VPU and VDC (atleast to outperform risk-adjusted whether we move up or down) as fixed income continues to get artificially crushed. Utilities had been crushing since the beginning of the year when it was clear QE/repo wasn't going anywhere anytime soon.

Search for yield going to get more fierce than ever IMO.

 

[kidman232]

Rate cut set the market moving

 

[PatsFan1283]

Just like we said on the previous page, those ETFs crushing market today already.

They gotta prop at all costs.

 

[PatsFan1283]

Rate cuts passé at this point. Fiscal stimulus is what the addict really needs.

 

[NorthernStar]

Yesterday was the dead cat bounce. Still much more downside risk than recovery.

 

[snoop]

It's a train wreck. Trump/Powell is in a full-blow panic mode. I got out of all financial/insurance stocks today. More rate cuts (very likely) will crush banks.

 

[Michelangelo]

Yesterday was the dead cat bounce. Still much more downside risk than recovery.

Agree.

 

[PatsFan1283]

It's a train wreck. Trump/Powell is in a full-blow panic mode. I got out of all financial/insurance stocks today. More rate cuts (very likely) will crush banks.

Most of the newer WHO data looks pretty bad. Northern Italy seems fucked with the hospital system overwhelmed.

 

[brendanjack]

Check out stock INO she hit 7.38 +2.99 today +68.11%. They supposed to have vaccine

 

[PatsFan1283]

Most of the newer WHO data looks pretty bad. Northern Italy seems fucked with the hospital system overwhelmed.

https://www.mail.com/int/scitech/he...irus-struck-lombardy.html#.1258-stage-hero1-1

Oof....Brutal.

Makes you feel fortunate.

 

[Ricboff]

Check out stock INO she hit 7.38 +2.99 today +68.11%. They supposed to have vaccine

LOL, and it closed at the high for the day, unreal. ........... Folks jumping in, with both feet.....dagone......




Shares of Inovio Pharmaceuticals Inc. rallied more than 16% Tuesday, after the company said it’s accelerating the timeline for development of a vaccine to treat the coronavirus COVID-19 and expects to start human trials in the U.S. next month.
The stock INO, +69.70% has more than doubled in three months as expectations for the company’s vaccine, called INO-4800, have grown, and as the virus has spread to more than 91,000 people and caused more than 3,100 deaths.
Plymouth Meeting, Pennsylvania-based Inovio specializes in developing DNA vaccines and has created products to treat 15 indications. It is the only company to have a phase 2 vaccine for the coronavirus that caused Middle East respiratory syndrome, or MERS. The company was called on to help during the 2016 Zika outbreak and the Ebola outbreak in 2014.
Inovio Chief Executive Dr. J. Joseph Kim told the U.S. Coronavirus Task Force meeting at the White House on Monday that the company designed INO-4800 on Jan. 10 in three hours after the publication of the genetic sequence of the virus.
For daily coverage of COVID-19: Coronavirus update: 92,314 cases, 3,131 deaths, at least 107 sickened in the U.S.
“We immediately began preclinical testing and small-scale manufacture and have already shared robust preclinical data with our public and private partners,” Kim said in a statement. “We plan to begin human clinical trials in the U.S. in April and soon thereafter in China and South Korea, where the outbreak is impacting the most people.”
Maxim analyst Jason McCarthy, Ph.D., said Inovio likely has the best vaccine option for the new illness. The speed with which it developed INO-4800 “is demonstration of the versatility and speed with which Inovio can respond to an ‘emergency’ situation.”

 

[Doug]

Wow !. it's up another $1.50 to $8.95 in after hours trading.

 

[Ricboff]

a 20% gap up?....so. up 88% in 2 days with no proven vaccine, just starting clinical trials...sounds about right @). Congrats to shareholders

 

[PatsFan1283]

Yeah, caveat emptor on that stuff. GL to anyone trying to hit a homerun.

 

[valetudo]

Bitcoin is going up and doesn't care about coronavirus

 

[Doug]

Deaths in United States

Coronavirus: 1
Pedestrian: 6,590 (2019)

Walking on American street is getting ever dangerous. In the past
10 years, the number of pedestrian deaths has increased by more
than 50 percent.

Walking on American streets should be banned immediately before
it spreads to other countries.

They're making this coronavirus thing out to be like the superflu straight out of Stephen King's novel/ miniseries, The Stand with Trump playing the role of Randall Flagg.

 

[PatsFan1283]

Nice little bounce today likely from the SandersVirus vaccination being found.

Market never really seemed to price in any chance he could win so the bounce won't be too much I doubt, but certainly some relief nonetheless.

 

[snoop]

Batshit crazy Sanders out of our way for now and maybe it brings some calmness to the market.

 

[PatsFan1283]

The latest WHO data on death rates pretty bad, 3.4%

Mostly older, sicker people similar to other illnesses.