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Originally Posted by Shuffle
You guys get caught up on headlines too much. Viruses and trade war, none of that stuff even matters.
You couldn't be more wrong.
The trade war paused until after the election with the signing of phase 1, which made the market go through highs.
The virus was responsible for the biggest drawdown since October. And it is in very early stages and most market participants believe it will go the way of SARS, which I don't think is a reasonable take, the bad tail is very fat.
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Do you ever see the headline: Dow Jones / S&P 500 / Nasdaq rises on continued Fed balance sheet expansion?
Nothing else matters except whether the Fed is printing money or not. Pay attention to that.
Yes, this is what matters if nothing else is going on. But something else might be going on. Virus (if it spreads properly and has economic impacts) >>>>>>>>>>> Fed printing.