Let’s put the recent 12% downward blip into perspective:
It started from record valuations, higher than 1929 and 2000.
At the probable peak of the most extended business cycle ever.
The downside risk is substantial.
Too many are ill prepared. pic.twitter.com/lpxdg0OGmM
— Kevin C. Smith, CFA (@crescatkevin) February 28, 2020
Dow theory bear signal was just triggered today.
Both indices took out their previous lows. pic.twitter.com/3RA9BSkY5M
— Otavio (Tavi) Costa (@TaviCosta) February 28, 2020
My Twitter feed is starting to fill with declarations about how cheap the market is right now. It's not cheap. They are nuts. If it ever gets cheap, they will be in fetal position sucking their thumbs.
— Dave Collum (@DavidBCollum) February 28, 2020
CNBC's Steve Liesman, an American journalist, senior economics reporter:
"At what level of interest rates would I be willing to go to a rock concert and risk infection?"
Referring to speculation about how the potential rate cut by the Federal Reserve would help the economy.
— Sebastian Sienkiewicz (@Amdalleq) February 29, 2020
— Lakshman Achuthan (@businesscycle) February 28, 2020
“The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.”