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Nikkei falls to lowest level in 3 years amid virus fears

21 Comments

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More virus or more market falls?

If the former, not so sure.  If the latter, yes full blown panic takes a while to run itself out.

2 ( +2 / -0 )

lol... Japan trying to fool the world with its ridiculously low number of confirmed coronavirus cases... It just prove you how Japanese government can try to cover the truth... but now, it looks so ridiculous, they could do that for WW2, but now, we're in 2020, hahaha with Internet, Social media.. etc.. who's gonna be fool with that fake number... Suddenly, after the EU declared jump in cases number and surpass Japan, then Japan suddenly started to follow.. and after America and the EU declares State of emergency, Japan do the same lmfao..

9 ( +9 / -0 )

All eyes are on the US right now. The thing that is spooking markets, including Japan's, more than anything right now is the perception that the US does not have this under control nor does it have any real plan for getting it under control.

The best case scenario for the US would have been what happened in China. While they started off in a state of denial and cover up, they switched gears quickly to taking it extremely seriously and imposing strict measures which seem to have paid off. It looks like they have hit a peak with fewer than 100,000 cases and maybe 4,000 deaths which is not bad considering how it could have gone.

In the US, the leadership still hasn't made that pivot from denial to taking real action yet and its already way past the point in its spread that China was when it made that pivot (it was still limited to Wuhan and way fewer cases when China did, now its all over the US and cases are growing exponentially), so I think they've missed the opportunity to limit the damage to what China has experienced.

The effects of this in the US are going to be way worse than they have been in China as a result. Markets are watching this and pricing this in. The Tokyo Stock Exchange is taking a hit because so many companies on it are dependent on American consumers buying stuff, which isn't going to happen for a while.

7 ( +7 / -0 )

The best case scenario for the US would have been what happened in China. While they started off in a state of denial and cover up, they switched gears quickly to taking it extremely seriously and imposing strict measures which seem to have paid off. It looks like they have hit a peak with fewer than 100,000 cases and maybe 4,000 deaths which is not bad considering how it could have gone.

Best case scenario? With Trump at the lead? Just two days ago he was still calling it a hoax.

Best case scenario would be to let the CDC make the calls for America, and someone to put a muzzle on Trump!

5 ( +8 / -3 )

Best case scenario? With Trump at the lead? Just two days ago he was still calling it a hoax.

Note that I used "would have been", not "is". Trump through his incompetence has already squandered whatever possibility the US had of limiting the outbreak there to what China has experienced. Its going to be much worse.

Right now under Trump and his total lack of any plan to deal with this despite 3 months of advanced warning I think the most likely scenario in the US is that this is going to spread to millions of Americans.

This is scary stuff, and the markets are clearly predicting that is what is going to happen.

2 ( +4 / -2 )

Hmmmm...  Don't think Trump ever called it a hoax.  Just said US was prepared and he is putting his best guy on it.

Not great for folks who get it, especially those who are vulnerable or those whodie or have near and dear die.

But still seems to me that the current panic is a little bit overdone and a combo of measures being taken and natural course of a disease will see this over and done in a few months time with minimal fatalities.

0 ( +3 / -3 )

What goes up must come down. The market has been in Bull territory for a very long time, especially the US market, it was over due another recession. If you are a day trader and haven’t sold then you are in a lot of pain, but for long term investors if the reasons for holding the stocks were valid in the first case it will eventually become a buying opportunity as the markets start to recover. Just not yet.

4 ( +4 / -0 )

This will not be the end of the ladder, I said it before.

Expect more to come.

Maybe, but when it recovers, and it will, now is a good point to get in at. Stocks will easily pass their current levels.

1 ( +1 / -0 )

We ARE at the stock market, What do all people expect ???.

0 ( +1 / -1 )

Still overvalued at these levels.

3 ( +4 / -1 )

Carnage on wall st again another record drop in the DOW worse drop since black Friday. 8000 27% point drop in 1month. So let me hear from those again, best stock market in the history if America. I would laugh if things wereny so serious

2 ( +3 / -1 )

Not many comments here. I guess not many hold shares.

1 ( +1 / -0 )

Maybe, but when it recovers, and it will, now is a good point to get in at. Stocks will easily pass their current levels.

It has not finished hitting rock bottom.

Carnage on wall st again another record drop in the DOW worse drop since black Friday. 8000 27% point drop in 1month. So let me hear from those again, best stock market in the history if America. I would laugh if things weren't so serious

It is just hard for the Trump supporters to defend in the indefensible.

1 ( +2 / -1 )

i earn in JPY and convert to AUD to send home...despite all the doom and gloom the graph is looking lovely for me--got a big chunk of cash to send next week.

but yeh, we don't know what will be happening in a months time, so obviously prefer the times of stability...considering things are surely going to blow up in AUS/US in the next few weeks.

1 ( +1 / -0 )

So inauguration day the DOW was at 19700 today its at 21900 not even 15% gain in 3.5 yrs. So called stable genius sure knows how to run an economy lol

0 ( +1 / -1 )

Monday will be up, up, up.... before a huge drop again. The "dead-cat bounce" effect.

-1 ( +0 / -1 )

Not many comments here. I guess not many hold shares.

Perhaps not. I bet most regular posters here are living paycheck to paycheck. (Not that there’s anything wrong with that)

Anyway, like someone said, what has come down will go back up. So, I’m not worried too much.

Well, to be honest, I am concerned...holding my breath.

1 ( +1 / -0 )

In related news as far as stocks are concerned, the US stock market had its best day ever. I think Japan will rebound soon.

0 ( +0 / -0 )

WTF Japan, you forgot about the 7 million news jobs that Trump created.

-2 ( +0 / -2 )

new

0 ( +0 / -0 )

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