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Week Ahead: Optimism On Reopening To Drive Risk Sentiment Despite Bleak Data

By (Pinchas Cohen/ 10, 2020 07:46AM ET
Week Ahead: Optimism On Reopening To Drive Risk Sentiment Despite Bleak Data
By (Pinchas Cohen/   |  May 10, 2020 07:46AM ET

Irvin commented on this article:

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Irvin Mermelstein
Irvin Mermelstein May 11, 2020 12:59AM ET
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Every stock market since 1929 has followed employment up and down. This one will too. All the partying is based on federal government pronouncements that the coronavirus pandemic is basically over. The virus is already proving that to be false. New outbreaks of cases reported this weekend in China, including Wuhan City and South Korea, the latter now reconsidering relaxing lockdowns. "Opening up" means more case clusters. It promotes the pandemic. NY has fewer cases; the rest of the country, sans NY, is steadily rising. The market has priced in a bad flu; covid 19, we now know, attacks the linings of our arteries, veins and capillaries, starting in the lungs. It attacks every major organ system in the body. What we don't have priced in is the fear by all individuals of getting the virus themselves and dying or being left disabled by the disease.
Gregory Paulson
Gregory Paulson May 11, 2020 12:59AM ET
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I have been sidelined shaking my head. Record NFP and record unemployment doesn’t matter? Too many sheep throwing money into the wind based on what direction it us blowing.
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