E Market Briefing For Monday, Feb 3
Angst and cocooning - related (both literally and psychologically) to the expansion of precautionary 'battening-down of hatches' we called for over the past couple weeks. As the continuation pattern resumed S&P decline as called for, relates to believing no recent rebound were sustainable, it's the A-B-C decline outlined with noted factors not mitigated yet.

While WuFlu (my term for the Wuhan coronavirus) frenetic liquidations of course are at the heart of current actions (relegating Impeachment almost to the sidelines of importance as to what matters to humanity), this was a decline we forecast to begin by mid-late January, extend into early-to-mid February (at a minimum), and ironically ahead of my talk about the stock market and reducing cardiovascular event risk too (that's a hybrid topic of my forthcoming February 8 talk at 3:30 pm at the Florida Money Show). I'll probably not wear a mask while talking, providing nobody coughs (!).

Avoiding market exposure with a buyer's strike Friday (I'd rather not say panic) amplifies the already ongoing setback we had projected, and I am glad we were able to forewarn that WuFlu greatly exceeded estimates in the early days, although of course I wish reports we had were wrong. It turns out they were not, so I thank both a friend in California that returned only 3 weeks ago (it was less than 2 weeks when I shared the warning), a respected doctor he knew in Shanghai had conveyed the information, as well as a military intelligence source noting certain stories were plausible.
I also was and remain critical (but understand) the news censorship that's both not answering the question of why we now quarantine evacuees, but really do nothing with regard to the thousands flying here in recent weeks who could be traced with reasonable efforts beyond 'asking' them to just come forth. The greater risk is perhaps from those already arrived here.
We also saw and reported on the 'whistle-blower nurse', who after being a bit concerned for her well-being are relieved that she's being regarded as a 'hero' now, but normal people in Wuhan who appreciated the alerts; well before more-proactive moves by their own Central Government.