WALL STREET (DJI)- VIRAL WINTER IS UPON US! 😨I issue a stern warning to permabulls who are on DJI! Your time is over.
The chart shows possible further break down of price.
For probably the first time in history markets are suffering supply-demand shock. That means most things that are manufactured will be in short supply and low demand. This is due to:
1. lockdowns of consumers across the whole world,
2. restricted transportation,
3. serious interruption of supply chains,
The economic impact is severe. Travel and leisure industries have been hit hard. Airlines are about to go bankrupt, automobiles sales have been damaged, there is significantly lower demand for energy (oil, gas), medical equipment and supplies for hospitals have been affected. Food supplies are running low.
The COVID-19 is has effected a VIRAL WINTER upon the whole planet. This is analogous to a 'nuclear winter' (without radiation fallout of course).
The world is 'freezing up'. It will take a long time to unfreeze. Economies of many countries are being severely damaged.
The Federal Reserve in the USA and umpteen central banks have coordinated to make monetary and fiscal interventions; throwing trillions of dollars at 'the viral effects'. This will not unfreeze the supply-demand conundrum. It simply cannot. How? Because the problem relies on real people and movement of goods, services and international trade. The USA-China trade deal is basically on hold.
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied. If you make decisions based on opinion expressed here and you lose your money, kindly sue yourself.
