VIRUS CAUSES WALL STREET TO SHUDDERNews of one person in the USA being struck my a Chinese coronavirus, cause the markets to retreat on a northward charge. Only some 200+ points. Not much but it is significant.
The DJI is highly overpriced at the moment for a whole load of reasons, and it's very twitchy. The fact that the markets reacted to this story at all shows the twitchiness. It's just one case. But usually insiders know before the mainstream media what's going on.
News is that moves markets, cuz it's about sentiment more than fundamental value. Many things have shaken the market in recent months. People have been watching closely and nervously - guessing what will prick the bubble to cause a pop.
Stay tuned. Anything that rocks this market is worth watching for those who need to get out, or short.
This is not advice to short this market. If you lose your money kindly sue yourself.
