/biz/ - Business & Finance

WHY IS THE STOCK MARKET NOT COLLAPSING REEEEEEE
Or at least the chinese market. I want to fucking sell.

I know the coronavirus outbreak is devastating chinese manufacturing and shipping. The chinese government is outright recommending workers to not to return to work. I have both insider and outsider industry sources confirming that factories are in severe worker shortage and even whatever amount they produce is hardly gets shipped off the country and only at exorbitant rates.
Even if the virus outbreak won't become a global phenomenon (which is unlikely at this point given the newfound secretiveness of american authorities), the slump of chinese manufacturing still should have a knock-on effect on the world's economies. At the least price increases are on the horizon.

By all means, a recession is on the cusp. The writing has been on the wall for a while and american elections also tend to tank the markets until the uncertainty is over. The stock buyback tax incentives american companies are enjoying under the current government is becoming more and more blatantly used to prop up their stock values and as a result the economy as a whole recently. Yet despite all the scaremongering Brexit didn't even cause a minor crash among the weak hands. Something is not right. Brexit should've been a noticeable slump, because I know it affects multinational corporations a lot and most of them failed to prepare for the scenario.

It's one thing to know a recession is coming but it's another thing when the markets realize it and is time to pull out. It could easily take a whole quarter for the chinese supply issues to start having an effect.

So why are not selling? What makes you so bullish? I'm ready to pull the trigger and invest into real estate since I got some decent opportunities.

red day!

>>11495225
we've been blessed by the october bobo

>>11454404
it'd be a shame if today turned red.