The markets were looking for a correction and the flu brought it on. A continuous drip feed of bad news to follow with record low interest rates. Dow back up about 2% on the 4 march but these wild swings will continue, your call of 4900 is very courageous, however, possible on the fact that only approx 100,000 cases worldwide have been found. Once the numbers get to approx 100 million cases worldwide and a cure is found, I would not be confident of a settling in the markets. I think this pandemic will not be as bad as the 1918 bird flu, but worst than others. If we break the 5500 mark, that's when I think panic will set in. I am expecting many more deaths with the elderly and young particularity in the third world countries I am still bullish on most resources but not iron ore. I could see Iron Ore slip below $70 dollars a tonne in coming months.
