Investors who gave finger to Wuhan virus doom mongers now crying

The S&P 500 was down by 3.6% by lunchtime today, its worst day since February 2018, and the tech-heavy Nasdaq lost 4%.

Earlier other global stocks slide after Italy’s coronavirus lockdown. Iinvestors shift from equities and oil to bonds and gold

Just last week,  Wall Street bullish on corporate earnings despite virus. The case for stock market bull run bolstered, despite risk warnings like the one below.

Chart from last week. LOL

“There’s a big chance for disappointment if the impact is greater in China and the spillover effects on to the global economy last longer than expected,” said Liz Young, director of market strategy for BNY Mellon Investment Management.

Related posts:

Wuhan virus: Goldman Sachs has second tots?

Wuhan virus: Why investors are not panicking

 

 

 

Cynical Investor

Cynical Investor blogs at Thoughts of a Cynical Investor

 

 

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