THE ANSWER TO THE QUESTION AFTER CORONAVIRUS AND OIL CRASH – SHOULD I BUY OR SHOULD I SELL? $SPY $SPX $DIA $DJIA $SQQQ $QQQ $AAPL $AMZN $FB $GLD $DUST $GDX $SLV $MU
There’s a lot converging on investors today. Let’s sort it out.
All signs were there for the coronavirus to move from a phase of containment to mitigation. Still, people have been surprised.
There was a genuine surprise that Russia would declare war on American shale producers by failing to go along with OPEC production cuts. An even bigger surprise has been Saudi Arabia declaring war on Russia by increasing production and giving massive discounts on oil.
What’s gotten lost: Yes Bank, one of the largest private banks in India, has failed. Bank is in the U.S. are generally in good shape, but expect more bank failures overseas.
March 9, 2020