You've made the assumption that New York is still the virus...

First 20 Last

Share
Profile

Follow
Mista_Trix

890 Posts.

84

14/06/20

08:29

Post #: 45208480
Share

Originally posted by kacy: ↑

There appears to be a fake news downramp job being done on the market claiming a resurgence of coronavirus cases in the US? But where are they??? Here is the current charts of coronavirus infections and deaths in the US epicenter (New York) and they are now doing more coronavirus tests than ever (see below).

View attachment 2230722

Not even a single ICU bed is occupied in Australia by coronavirus - and it seems everywhere is going the same way. Most countries are scaling back their hospital virus resources and some countries are already virus free.

I'm calling it a fake news shakeout job done by those who are desperate to get their cash into the market.

Cash is toxic and institutional investors are currently holding trillions in cash. If they leave it in cash it earns nothing. Same if they put it in government bonds. Stocks are the only thing left with a decent return. But is there room there for the mega mountains of cash sitting on the sidelines wanting in on the market?

One thing for sure, when the market finds its bottom it will come back up like a rocket!=> Mad scramble for stocks!

https://www.worldometers.info/coronavirus/usa/new-york/

Expand

You've made the assumption that New York is still the virus outbreak hotspot, which it isnt.

Take a look at the graphs for Texas, Florida and California - much more alarming... as they're the new outbreak spots.

XJO Value at posting: 5,847.8
2 Upvote

0 Great analysis

Reply

Top Stories

TM1

Shares up 196% on Terra's news of major reef discovery at Dante

Your questions From the Floor: Investment experts respond...

GYG

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?

BRX

Belararox delineates another porphyry in Argentina at Tambo South

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024