Valentine’s Day Virus – Dow has 30,000 in Site

Happy Valentine's Day!

64,456 people are now infected, 1,384 are dead, 7,155 (11.1%) have recovered in the month since this virus began.  There are over 8,000 people hospitalized in "serious" condition, that's almost 15% of those infected – especially if you include the dead, who were probably considered "serious" at some point as well.  Still, the markets are generally ignoring not only the actual virus but the effects it is having on the global economy

The Nasdaq is, in fact, 5% higher than it was before the virus oubreak and 7.5% higher than it was when it sold off on that news.  I guess you can say it simply resumed it's climb, now up almost 20% since December because, you know, that's how the stock market works now.

Unfortunately, that's also how viruses work and I'm not going to bore you with any doom and gloom stuff other than to point out that we are heading into a 3-day weekend in the US (President's Day on Monday) and, even if we are only adding 4,000 new cases per day, that means we'll be at about 80,000 on Tuesday and around 100,000 by next Friday so I'm still very concerned about next week – as people tend to freak out about 6-digit numbers.  

Last Friday, there were 31,523 (1/2) infected, 638 (1/2) dead and 30 in Singapore (1/2), 25 in Thailand (.75), 25 in Hong Kong (1/2), 25 in Japan (.86) and 24 in South Korea (.86).  That's what we have to watch closely as Singapore and Hong Kong are a huge worry with a 100% gain in a week and, of course, you can see how 100,000 by next Friday is OPTIMISTIC as we're projecting a 50% slowdown from the current pace of the spread.  

Even as the virus is mostly contained to Japan, the economic impact is already spreading across the globe with Germany reporting ZERO (0) GDP growth in Q4 and, due to the virus, possible NEGATIVE GDP in Q1 – pretty much a recession with 2 non-positive quarters.  

"The impact from the coronavirus on the


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