S&P 500 😷 Coronavirus Panic Selling, but should you worry? 😱
🚨PANIC SELLING of stocks due to Coronavirus...😷 in fear that earnings for top companies will drop as productivity comes to a halt. 😩
⚠️ Historically, the SARS outbreak did not cause the stock market to dump farther as we were in the tail end of the Recession.
Coronavirus appears to be coincidentally at the top of a market rally and is just a social trigger to inspire fear, uncertainty, and doubt. FUD 😱
This will allow institutional players to take your money and buy back at cheaper prices. 👿
(The 200 Week Moving Average.)
Ask yourself this... 🤔 because of Coronavirus will you stop logging onto Facebook, will you discard your Apple Macbook, will you stop buying goods from Amazon, will you stop watching Netflix, will your office stop using Microsoft Office?
If the answer is no... DO NOT PANIC SELL your retirement account, please. 🙅♀️
Since 1977, which direction is the stock market moving?
Answer: Up.
☝️☝️☝️
RSI Bearish Divergence playing out:
(Indicator below the chart with squiggly blue lines)
Price makes higher tops, while magnitude of price (RSI) makes lower tops. Warren Buffet and Jeff Bezos already sold their stocks for cash.
No one cares until now... Who do you think will buy the stocks you are panic selling?
⚠️ Historically, the SARS outbreak did not cause the stock market to dump farther as we were in the tail end of the Recession.
Coronavirus appears to be coincidentally at the top of a market rally and is just a social trigger to inspire fear, uncertainty, and doubt. FUD 😱
This will allow institutional players to take your money and buy back at cheaper prices. 👿
(The 200 Week Moving Average.)
Ask yourself this... 🤔 because of Coronavirus will you stop logging onto Facebook, will you discard your Apple Macbook, will you stop buying goods from Amazon, will you stop watching Netflix, will your office stop using Microsoft Office?
If the answer is no... DO NOT PANIC SELL your retirement account, please. 🙅♀️
Since 1977, which direction is the stock market moving?
Answer: Up.
☝️☝️☝️
RSI Bearish Divergence playing out:
(Indicator below the chart with squiggly blue lines)
Price makes higher tops, while magnitude of price (RSI) makes lower tops. Warren Buffet and Jeff Bezos already sold their stocks for cash.
No one cares until now... Who do you think will buy the stocks you are panic selling?