With the US employing a half-baked response and most communities only taking the virus seriously within the last several days, I am forecasting about 150k cases based on the current rates of 20-25% increases per day. It is important to note that this extreme blow off top could have been prevented by proper leadership in the earlier days of February, such as setting up and priming supply chains with the proper tests and medical supplies. As we can see, the results of downplaying the seriousness of the situation are really contributing to a very bullish
environment. At this time, we can't be certain when this bubble will pop.