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On Thu, 27 Feb 2020 21:45:30 -0000 (UTC), Bill
wrote: Keyser Soze wrote: ...Trump's attempts to clamp down on the little bit of science coming from White House appointees on the Corona virus isn't working...the market dropped nearly 4.5% today and more than 11% since last Friday. Dr. Anthony Fauci of the NIH, the country's leading spokesperson on these sorts of diseases, was told by the White House to keep quiet. Dr. Fauci is an immunologist who has made substantial contributions to HIV/AIDS research and other immunodeficiencies, both as a scientist and as the head of the National Institute of Allergy and Infectious Diseases The market is reacting to the whole pandemic scenario. Trump statements if he made any, do not really figure in to the market equation. You have the major manufacturing sector, China, not able to fulfill a lot of their contracts. Apple will be short of phones, so Apple stock will not go down, same with lots of other stocks, as well as the fact the market was ripe for a correction. Average of three 3% or greater correction a year. This is the first of 2020. Maybe it is Some imaginary being correcting the Global climate change thingy. Harry thinks you can take the second largest economy on the planet off line and still find a way to blame Trump because the market took a hit. I think this is a buying opportunity. The trick is identifying the bottom. SWKS is taking a beating but I am thinking about buying some more at the hint of better news out of China. I also may get some more of my trailer company Cavco if it drops much more. That is my best performer (Bought at ~5 and it has been doing better than 110, now in the 90s) |
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