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Re: Limbaugh: Massive market drop has little to do with coronavirus and MORE to do with Saudi attempt to drive down.Oil,,,,, 

By: micro in POPE 5 | Recommend this post (1)
Tue, 10 Mar 20 5:08 PM | 30 view(s)
Boardmark this board | Pope 5 		Msg. 54906 of 62138
(This msg. is a reply to 54904 by Decomposed)
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That is my view. The market was very overvalued and artificially being kept high.

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The above is a reply to the following message:
Re: Limbaugh: Massive market drop has little to do with coronavirus and MORE to do with Saudi attempt to drive down.Oil,,,,,
By: Decomposed in POPE 5
Tue, 10 Mar 20 4:46 PM 		Msg. 54904 of 62138

That might be true of Monday's massive single-day drop, but the virus certainly contributed to the problem. Last week's massive drop was completely due to the virus. Since the impact of the virus is going to grow for some time to come, I think it will deserve most of the blame for any future falling.

Of course, the markets were massively overbought in the first place (at least they were if you don't subscribe to my claim that relative to zero-value dollars, stocks can never actually be overbought), and it's not hard to make an argument they were ripe for a downturn anyway.

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