COVID-19 HYPE as Economic FEARS Drive Markets – A whiplash week for stocks that landed major indexes in a bear market for the first time in 11 years, the coronavirus impact on people and businesses have swelled – the word is FEAR. Big swings in the final minutes of trading have become a staple of the recent market uncertainty. “It was a fun ride,” said R.J. Grant, director of equity trading at KBW, of the 11-year bull market. “All good things come to an end. Panic has taken hold to some extent,” Mr. Grant said. “You’re just getting people that are not feeling good about the state of the world.” Americans are looking for answers: What is the greatest threat to a market recovery? Is it realistic to expect a quick recovery? How should people plan in the short term? Harry Dent, Economic Forecaster & New York Times Best Selling Author, Editor of the free newsletter – Economy and Markets – harrydent.com. Arnetta Notkin has worked in the financial markets on Wall Street for over 30 years – she is a Producer and Commentator here at America Out Loud.
The Top Stories – President Trump Declares National Emergency, opening access to $50 billion in financial assistance for states, localities and territories. | House Democrats Reach Deal With White House on Coronavirus Bill, a bipartisan vote of 363-40, next stop the US Senate. President Trump had tweeted that Democrats and Republicans should vote yes on the measure, and that he was looking forward to signing it. | U.S. and China Trade Barbs Over What to Call Coronavirus, China accuses the Trump administration of racism and xenophobia, casting itself as a victim. China says it has acted responsibly and that no evidence has definitively determined where the coronavirus originated, despite its initial detection in the central Chinese city of Wuhan.
John F. Kennedy said – “A nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people.”
Worst-Case Estimates for U.S. Coronavirus Deaths, Officials at the U.S. Centers for Disease Control and Prevention and epidemic experts from universities around the world conferred last month about what might happen if the new coronavirus gained a foothold in the United States. We will discuss those numbers. | President Trump halts all outbound cruises for 30 days, as the travel industry goes into full panic mode, as travel just about comes to a standstill. | The Impact in Iran, Italy and So Korea, China went from 1,000 patients to 80,000 in a matter of roughly six weeks, mostly all of it in a self contained, quarantined state called Hubei. Italy went from around 20 cases two and half weeks ago to over 12,000. It is now the Hubei of the Western world. Are these numbers a realistic projection for the US? | U.S. Strikes Iran-Backed Militias in Iraq, “The United States will not tolerate attacks against our people, our interests, or our allies,” Defense Secretary Mark Esper said in a statement. | Two Democrats, Empty Stands, 11th Debate, “A Bernie versus Biden debate needs to happen,” said Adam Green, co-founder of the liberal group Progressive Change Campaign Committee. “Biden has to withstand one-on-one scrutiny similar to a debate with Trump.”
Jay Lehr, Ph.D. is Senior Policy Analyst with the International Climate Science Coalition and political analyst, columnist. Ilana Freedman is a veteran intelligence analyst, political commentator and host. Ava Armstrong is a political commentator, radio personality, and best-selling author. Jim McCay is a political analyst, commentator and radio producer with a 30 year background in global technology and pharmaceuticals. Arnetta Notkin has worked in the financial markets on Wall Street for over 30 years.
“I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink, but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death.” – Thomas Paine
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