This market was in trouble long before the virus hit

[NewsFeeder]

This market was in trouble long before the virus hit

A decade of aggressive risk-taking, nurtured in part by central banks, has ended in traumatic fashion. Government bond markets had been warning for a while that 2020 was going to be make-or-break for global economic growth. Meanwhile, the leaderboard in stock markets had been dominated by defensive, high-quality companies — another signal that cast doubt on the widely held view that corporate earnings would rebound strongly this year.

https://finance.yahoo.com/m/b555bc1...ba1/this-market-was-in-trouble.html?.tsrc=rss

 

[Bullitt]

Agree.

Virus was merely the initial gunshot at the Boston Massacre.

 

[Rod]

Agree.

Virus was merely the initial gunshot at the Boston Massacre.

Absolutely. Here are some of my more pertinent posts expressing my concerns for 2020.

One from 23 Dec 2019 when I IFT'd to 100 (G) from 60 (C) 40 (S):

I've been in a buy-n-hold of 60 (C) and 40 (S) for... can you believe it... over 10 years! (2 Nov 2009) Since then, (without any further contributions because I am retired) my account has gained 281%. That averages out to be 28% per year. Not too shabby for a buy-n-hold strategy.

Because I do not trust what 2020 has in store for Mr. Market, now is the time to bank those profits into (G). Therefore, effective 24 Dec 2019, I will be 100 (G).

In doing so, I may miss out on some more gains in this long-running Bull. But, I do fear it will soon come to an abrupt end. I missed the 2008 crash altogether. My plan is to miss the impending next one too, and then buy in low as I did in 2009.

27 Jan 2020:

Perhaps now the pullback will officially commence. I just hate to see this type of catalyst- the Coronavirus. But, Mr. Market was overdue for a rest. At least a 5% rest. Because we don't know the ultimate impact the Coronavirus will have on the global economy, this is a tricky situation for those of you who are still in the market. Do you "panic" sell today? Do you just stick it out... because, in the market, what goes down must go up? How far down are you willing to ride it? Because a few days/weeks from now they could announce a vaccine, ushering in a huge rally. Personally, If I was still in, I would likely just ride this thing out... as I have done many times in the past. Now, I just have to wait for what I believe to be the ideal entry point... after at least a 5% consolidation.

28 Jan 2020:

Be careful out there. This rebound doesn't make much sense given the many uncertainties of the coronavirus and its overall implications.

5 Feb 2020: When Mr. Market was rallying

Be careful out there, especially with the many uncertainties of the coronavirus.

11 Feb 2020: Rally Continues

What more can I say? I continue to be bewildered at Mr. Market's tenacity. But, his days are numbered. But, how many more until his number is up?

12 Feb 2020:

I have a feeling that the coronavirus will finally get Mr. Market's undivided attention when cases eventually become widespread in the USA.

19 Feb 2020:

I've been sounding this alarm for awhile now... at least for a pullback. But, now they are talking about a correction.

21 Feb 2020: Before the selling begins...

Don't become complacent...

23 Feb 2020:

Remember, this market has been acting irrational towards COVID-19. The bottom line...

Global markets have yet to discount the COVID-19-related economic shock that will likely rock it in the coming months.

Be careful out there.

25 Feb 2020:

RIP Bull Market... You've been good to me these past 10+ years.