But it is closed? How can it trade up on earnings?

After the virus hits hard, the too small bailout will bring panic on main street at least.

Really bad news for salesmen. They live with uncertainty when times are good.

The trade war will turn Chinese buyers against us. Asia really does not need the US. Other than the need for Fed helicopter money, it is monetary policy that will bring back jobs unless we run into a huge credit crisis.

This article looks into the abyss. Tough read but a possible scenario.

This feeble replacement by the Fed may be too small. It does not come close to replacing end demand.

Flying seems to create a massive risk for the Coronavirus. That will hurt Las Vegas and Florida who rely on tourists. Trump is infected with something. Apparently not by the virus at this time. He saw his home town with the dead bodies and that has brought the seriousness of the virus to his view. That unfortunately, is what he needed to see.

Great article. Yield control is for real now. How it works, nuts and bolts would be something helpful from you, Prof. It is a no growth policy, as banks won't lend with zero rates. But at least it keeps things in place. We really need helicopter money if this virus creates a longer slog.

Update 10: The FDA has just approved the malaria drug for treatment of Coronavirus. It is in short supply. Only take it from a physician!

If deaths were higher in China, we should be concerned. But if China beat this, factories will be much safer going forward. We could learn from that.