short answer: no. slightly longer answer: i feel like unless we're going into a 1918-pandemic with regards to covid-19 (which i don't think we are -- or at least i hope not!), then i think visiting the lower trendline of that very long term bull channel won't happen, and we'll get something similar to what we saw back during the GFC correction. you can see that it never tested the lower trendline there either. just my 2c with regards to that. i really don't want to make this into secondary covid-19 thread, since we already have one. but, i think this little graphic puts things into perspective a bit.
That 14.5k deaths number from *yesterday* is currently at 17,252 deaths. That is a 19% increase in 24 hours. At this rate, COVID-19 will pass the low end (100k) of late 1800s yellow fever in 11 days and the upper end (150k) in 13 days. The Swine flu number of 200k would be hit in 14 to 15 days. It took swine flu a year to hit that number, and COVID-19 will do it in a matter of months. At the rate of 19% increase per day, COVID-19 will hit 1 million in 23 to 24 days from today.
What does GFC mean if you won’t mind me asking. and thanks for sharing that graphic. So COVID-19 is still early, but what concerns me is the rate at which new cases and deaths are happening. All of those other pandemics seemed to have happened over a course of years whereas COVID-19 is happening in days and weeks.
gfc = great financial crisis (2008) and you're right. the speed of the spreading from this pandemic is def disconcerting to say the least.
Analyst on CNBC is all positive on how the worst is behind us and how encouraged he is. Nice to hear positivity, but we have not really been hit with the bad parts of this yet.
smells like bounce to me; a strong bounce (+7%) but just that i keep in mind that long term/primary trend is still up, however c19 impact full amount is still to be seen just my 2c ...
umm...is anyone else seeing this? wtf. i'm away from my desk and on my phone and don't have my platform open ... wha happend? bad tick? that is from finviz...
n/m looks like a bad print as i'm not seeing this anywhere, heart admittedly did skip a beat there for a second though lol
ZM finally back down a little bit today, market cap now is close to 40 billion thanks to the recent surge
not sure if w'ell do this at the close today, but just in case, it's worth noting that the largest daily +% move in the DJ30 back during the height of GFC was +11.08% back on oct. 13th, 2008. if we get a close higher than that, then would be the largest +% move since 1932
hah, still settling out here, but now up to 11.37% which if this holds, would just narrowly best the 1932 rally day by 0.01% which means this would be the largest daily +% day for the DJ30 since oct. 1929
just a correction here, march 1933 was the largest +% daily move for the DJ30. here's something i stumbled across that shows what happens after the DJ30 has had a +10% day
Pretty good sized gap to fill on the 18th and another bigger one left behind this morning, what a mess, we`ll see how that plays out
