Stock market
 

I get this latest virus is potentially bad for those close to the source, but I don’t get why the market reacts the way it does to certain events, but that’s why I let someone else manage my funds. Big hit today wiped out a good month of gains.

The predominant thought is there is safety in cash, so sell off some stuff going into a weekend when there is no liquidity. But 99.999% of the money stayed invested.

One stock that I have is off like 30 bucks this week as they have production facilities in that region
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A lot of global trade can be blocked by a significant pandemic. And a massive rise of cases worldwide would put a huge strain on all the medical and financial resources. It is believed that the number of those infected in China is vastly greater than they have claimed. There is a projection that the number is over 100,000. And that China's closed system of aid and prevention being controlled and coordinated solely by its central government can't efficiently handle the problem. So that the spread of the disease could be quicker and much larger than anticipated.

That may not happen, but the fear of it can have an impact on investors.

More likely is that analysts believe that the indexes are less likely to go much higher given Geo-political events and earnings in general, regardless of how Amazon, Tesla, Alphabet and Microsoft (others?) have performed.
That makes it time to take some profit...

It wasn't driven by the public sector IMO. It was a steady sell off throughout the day. If the public comes in with massive sell orders, you would see greater movement in the last half hour. That kind of move will be muted by negative news over the weekend as the fund managers will be ahead of out of balance orders early Monday though. Significant volume increases should be monitored.

because much depends on cheap chinese labor and chinese consumer spending.
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i think it’s smart to sell some
to lock in some gains. but it’s not like the market is crazy overpriced, a bubble waiting to pop. but a recession/correction is due.
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