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To: flashforward2009 who wrote (110745)	3/7/2020 9:14:45 AM
From: IC720	Respond to of 116815

Yes, sorry should have given link. Apologize in sounding rude.. He mentions corporate earnings have been in 19 year bull market, may take a break for year or so.. Has 20+ articles each regarding, virus, markets, politics last several weeks...blog armstrongeconomics.com As Rarebird says, seems much more to drop than just virus. .........This was Friday Bernie won Navada Bernie’s Victory Inspires a Panic Next Week? Just to let everyone know, since more than 50% of our clients are outside the USA, we have a very international reach with sources around the globe. Get prepared for volatility next week. Despite the Democrat’s personal hatred of Trump, the international view is that Trump is the ONLY sane leader in the world right now. The world is leaning so far to the left everywhere, capital is deeply concerned about where to hide. The #1 question we are getting from overseas: What if Bernie beats Trump? ......... The strength of the Euro is reflecting the Bernie Effect. While Americans like to attribute everything to Conoronvirus, the rest of the world is scared to death of Bernie in charge of America. It takes everything off the table that they ever thought about the United States. That is the #1 question I get from overseas. What the “hell” are Americans thinking? The real crisis will be coming to a head soon – the Repo Crisis that people fail to understand and nobody wants to talk about it. I am not a liberty to say, but if anyone asks a central banker about the Repo Crisis the will either double-talk them or end the questions. We did not elect any Monthly Bearish Reversals in the cash S&P500 nor in the NASDAQ Composite – only the Dow. This suggested that we would bounce first and that it may take s further decline to the 22000-23000 level to help create the sentiment for a slingshot. Keep in mind that the press has caused the Coronavirus Panic which is completely overblown. That will have a devastating impact on the economic numbers for the first quarter and that will help any further decline. Watch the NASDAQ and cash S&P500 to elect a sell signal. Then the next leg becomes possible. armstrongeconomics.com ......... Fed Cuts Rate on Schedule We warned over the weekend that Socrates had pinpointed this week and then the week of March 23 for actions by the Fed. The Fed is between a rock and a hard place. It had to act in response to the collapse in economic data for the 1st quarter, but at the same time, rates are rising in the real world due to perceived credit risks. This means that the Repo Crisis will get worse and the Fed will have to become the permanent market-maker to maintain short-term rates at these levels. ....... International Capital Starting to Fear Bernie Sanders Coronavirus Conspiracy to Eliminate Paper Money? ........ The death rate is still within the normal flu range which does not imply some biological weapon. The more serious question is whether this new type of coronavirus will evolve into a parallel annual epidemic. Our model still points to 2022 as cycle high for virus, and despite all the nonsense from Al Gore, Greenpeace, and their puppet Greta, the colder the climate turns each winter, the higher the probability that the flu season will get much worse. The 1968 flu season killed three million people https://www.armstrongeconomics.com/international-news/disease/coronavirus-panic-2/ Why Goldbugs Get Crushed A Bear Market is Not Likely in the Most Hated Bull Market in History?