|We have to draw cartoons about this… the Coronavirus news has caused the Dow to crash by around 1,000 points yesterday.|
Today the market keeps going down.
Is it fear of the coronavirus? We hope you are OK Joe.
The virus also shows how much the globe has become reliant on the cheap labor and lax standards in China. The shutdowns due to the virus have wreaked havoc on production. It’s a sure sign that we depend too much on a nation that’s ruled by a backward clique of communist tyrants.
Oil prices continue to crater along with industrial metals such as copper, due to the shutdowns and quarantines. Oil in particular was already in a bear market due to oversupply.