SPX Global Pandemic Bear Scenario

I haven't seen market action like that since the global financial crisis, things just falling off the cliff.

This is mainly as a buy in point for my 401k (cash right now). After watching the market today, there is no way in hell that I'm buying into the market until the following:
- TSLA hits $300
- A vaccine is found for the virus
- Trump is re-elected

It is safer to short the bounces than to try to catch the knife. At least if you buy low, it'll eventually recover when the virus runs its course.

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Everything I see shows tomorrow as the final drop with a possible double bottom on Tuesday. Then rally for a week or two, and we may get yet another drop.

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Watching futures right now, I have no desire to enter the market anymore. Not until a vaccine is available for the coronavirus.

This is actually worse than the financial meltdown, at least there were some bounces, this is straight down.

Bear flag, tank, bear flag, tank..... no bounces at all.

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By the way, people are saying that this virus is nothing... well China is basically shut down and they didn't contain the virus so now it's worldwide. If it continues to spread then we could see the next recession, restaurants and coffee shops are closed in Hong Kong and China, buddy of mine in the export business says he's not exporting ANY coffee to Asia right now. It's killing him.

Imagine if the same happened in the US... instant recession.

I remember doing the math on bad mortgages in 2007, and put my entire 401k in cash.... This can get worse, not saying it will...