Get Ready For Your Lifestyle To Change Indefinitely Because Of This Coronavirus Pandemic

Fear of the coronavirus is causing shutdowns on a global scale like we have never seen before.  Just about every major sporting event that you can think of has been either canceled or postponed, schools and universities are keeping students away, global tourism is absolutely collapsing, churches are being shuttered, conferences and festivals are being taken off the calendar, businesses are asking workers to work from home, and even Disneyland is being closed down.  Over the past several days the wave of closings and cancellations has become an avalanche, and all of our lifestyles are going to be dramatically altered for the foreseeable future. (Read More...)

We Just Witnessed The Largest Single Day Stock Market Point Crash In History (Again)

It has happened again.  On Thursday the Dow Jones Industrial Average fell 2,352 points, which was the largest single day stock market point crash in history.  Of course the old record only lasted for three days, because on Monday the Dow dropped 2,013 points.  And on Wednesday, we actually witnessed the third largest single day stock market point crash in history.  So the three worst days in the history of the U.S. stock market (on a point basis) have all happened this week.  On a percentage basis, the stunning decline that we witnessed on Thursday was the worst day for the Dow since the horrifying market crash of 1987.  Wall Street is in a tremendous state of panic right now, and nobody is quite sure when this will end. (Read More...)

Fear Of The Coronavirus Is Causing A Stock Market Apocalypse

In all of U.S. history, we have never seen the Dow Jones Industrial Average go from an all-time high to a bear market as quickly as we just did.  As I keep reminding my readers, the stock market is all about how investors view the future.  Early this year, extremely irrational optimism about the future pushed stock prices to the most overvalued levels that we have ever seen, but now things have completely changed.  Fear of the coronavirus has many investors fearing an imminent economic crisis, and we have seen volatility on Wall Street that is absolutely insane.  On Monday we witnessed the largest single day point decline in the history of the Dow, on Tuesday stocks came roaring back, and then on Wednesday we witnessed the second largest single day point decline in the history of the Dow.  As I have previously explained numerous times, we see huge waves of momentum during any stock market crash, and I am sure we will see many more as this current implosion continues to play out. (Read More...)

The U.S. Response To This Coronavirus Outbreak Has Been Horrifyingly Bad

What recourse do we have when our public health officials completely and utterly fail us?  I don’t know if we could have prevented COVID-19 from spreading widely in the United States even if everything had been done perfectly, but the truth is that we will never know.  When this outbreak first started, visitors from the affected areas were allowed to fly into the United States without being properly screened, and as you will see below this is still happening in many instances.  And once the virus started spreading on U.S. soil, we needed to immediately test any suspected cases so that we could isolate them as rapidly as possible.  But even though South Korea has managed to test more than 140,000 of their citizens, less than 9,000 Americans have been tested so far… (Read More...)

Here Are 18 Breathtaking Facts About The Stock Market Crash Of 2020, And Experts Are Warning This Is Far From Over

We haven’t seen anything like this since the last financial crisis erupted in 2008.  Wall Street has been gripped by a tremendous amount of fear, and the volatility that we are witnessing would have been unimaginable just a couple of months ago.  On Monday, the Dow Jones Industrial Average fell 2,013 points.  To put that in perspective, the largest single day decline that we witnessed in 2008 was just 777 points.  A disagreement between Saudi Arabia and Russia about oil prices coupled with increasing concern about the coronavirus pushed many traders into panic mode, and the result was absolutely stunning.  Hopefully stock prices will bounce back throughout the rest of this week, but many experts are warning that this is just the beginning of the carnage.  The stock market crash of 2020 is here, and the losses are already staggering.  Just consider these facts… (Read More...)

Out Of Time: U.S. Cases Explode As The Coronavirus Pandemic Reaches A Tipping Point

If you thought that we had more time before this coronavirus pandemic exploded out of control in the United States, I am sorry to say that you are out of luck.  In all of the major nations in the western world, the number of confirmed cases escalated dramatically over the past few days.  Here in the U.S., COVID-19 has now reached 33 states, and the number of confirmed cases seems to literally be changing every few minutes as more announcements are made.  Over the weekend, we witnessed another wild round of panic buying as people feverishly stocked up for an extended pandemic, but at least Americans are not throwing punches at each other over toilet paper like we are witnessing elsewhere in the world.  Needless to say, all of this insanity is badly rattling Wall Street.  The markets are going absolutely nuts, and it looks like this could be a truly historic week.  Much more importantly, it looks like any hope of containing this virus is now completely dead.  In fact, Dr. Scott Gottlieb of the Food and Drug Administration just told the entire nation that we are “past the point of containment” now. (Read More...)

Will This Coronavirus Outbreak Cause A New Financial Crisis And A Horrifying Economic Collapse?

The term “black swan event” is increasingly being used to describe this coronavirus outbreak, and many are concerned that what we are headed for will be much worse than what we experienced in 2008 and 2009.  Already, we have witnessed a staggering drop in global demand, Wall Street has had to deal with the wildest week in eight years, and people all over the globe are hoarding toilet paper, face masks and hand sanitizer.  That may sound like a plot from one of my books, but it is not.  This is actually happening, and it appears that we are still only in the very early chapters of this crisis. (Read More...)

“It’s Like A Ghost Town”: Major Cities All Over The Globe Are Paralyzed By Fear Of COVID-19

We haven’t seen anything cause this much worldwide fear in a really long time.  But even though there is so much fear, we still don’t know if this is going to evolve into the next great global pandemic that kills millions of people or not.  I wish that I had a definitive answer for you.  At this point we do know that the number of confirmed cases outside of China continues to rise at a very alarming rate, and we also know that this virus is about 34 times more deadly than the flu according to the latest numbers.  But in order for it to kill millions of people, a substantial percentage of the global population would have to be infected, and we don’t know if that is actually going to happen. (Read More...)

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