Market Bummers Return: The Thing About Pandemics

imageFor one thing, the price of oil is back under $31 basis the West Texas.

Oddly, Asia was not in the crapper and in fact the Shanghai market was up better than 2%.

Europe, on the other hand, is doing its damnedest to drop that much.  In doing so, the U.S. will like fall 1%, or so, and that should set up a decline in China overnight.  Back in serious trading days, set-ups like this would have me eyeing Asian ADRs (American Depository  Receipts, stocks traded by proxy here).

Well, gee, ain’t this gonna be fun.

I suppose you wonder what’s going on.  The answer is simple.

As you know, we recently hit a major trend channel bottom and we have bounced off that to the upside.  The market now should march a ways up the slightly climbing trend bottom for a ways while everyone comes to terms with the idea that a Wave IKV bottom is really in.

From there, we should make a major move up to about the middle of the trend lines, then pull back, and then go on to new all-time highs.

BUT (and this is a big booty of a BUT if you know what I mean…) IF the market slams down through the bottom of the trend line and stays there for a while…only to come up to the bottom of the trend channel, then we will have to renumber the wave count.

In the “Nightmare on Wall Street” version of the future, we would discover that what seems to fit as a Wave IV was really the beginnings of a I down.  And the recent decline to the trend was just a (1) of I down.

And if that’s the case, we would have to brace for THAT in turn forming an even larger 1 down…and pretty soon my friend Robin Landry’s work, that looks for a sub-1,000 Dow over time shows up sooner than later.  Until the wave structure delivers some new highs, we are still in the danger zone where a Failed V could occur…so we will sit back and watch the herd to see which way they’re going to stampede.

No point trying to be in the middle of the stampede, is there?

Zika virus is a terrible new “left field” event.  A few technical details from the WHO – which has declared a pandemic now:

Key facts
  • Zika virus disease is caused by a virus transmitted by Aedes mosquitoes.
  • People with Zika virus disease usually have a mild fever, skin rash (exanthema) and conjunctivitis. These symptoms normally last for 2-7 days.
  • There is no specific treatment or vaccine currently available.
  • The best form of prevention is protection against mosquito bites.

    The virus is known to circulate in Africa, the Americas, Asia and the Pacific.

  • We were going to save the detailed discussion for Peoplenomics this week, but events are moving faster than expected, so a short discussion here is in order.

    First, the headlines are all over the place about how this is a man-caused disaster – something the WHO is sugar-coating.  Press accounts are more on point:

    “Zika Virus: Genetically Modified Mosquitoes Created To Stop Virus From Spreading”

    “Are scientists to blame for Zika virus? Researchers released genetically modified mosquitos into Brazil three years ago…”

    Now here’s the story that confirms that most humans are crazy.  There is talk that yet-another genetically modified mosquito is being considered to offset this disease outbreak.

    “Genetically modified mosquito could help fight Zika.”

    So here we got:  There is a question over whether a genetically modified bug is at the root of the outbreak.  If so, we are now considering doubling-down on bad ideas.

    Hence, we are christening a new word to describe the world’s elites and governors:

    Zika-paths.

    The Oil market may be telling us something:  International travel could be ready to collapse on this.  Meantime, we await the Obama posse’s explanation of how open/porous leaky borders which bring in who-knows-what from who-knows-where are a good idea with public health perils out there.

    The markets seem to be getting nervous again and with good cause.  Extending Constitutional concepts and protections to non-citizens was, and continues, to be a very bad idea.

    Iowa Results: Cruz Cruises, Confused Demos

    The ABC quote attributed to Ted Cruz sums it up:  New York values aren’t playing, anymore:

    “This is a center-right country. The values of this country are reasonable, common sense. Their Judeo-Christian values are the reason our campaign is resonating and resonating among Reagan Democrats in particular is because getting back to the principles that built America and those principles bring us together.”

    On the democratic side, voters seem equally divided on whether they want an old Bernie or Hillary.

    This, fo-sho, will be a day to listen to Rush Limbaugh…

    Just Out: Confidence Flat

    Says the Gallup Organization: U.S. Economic Confidence Index Flat at -11 in January.

    Auto sales will dribble out later, but down 250 wouldn’t surprise me, much.  Futures down half that already.

    The Leak Continues at Porters Ranch

    And now the family of California’s SecState has been forced to relo sayeth the NBC station out thataway

    Global Warming Notes

    From  the “Ice Age Now” site of Robert Felix, we noticed Vietnam – Record cold kills more than 50,000 livestock and poultry. .

    Comments

    Market Bummers Return: The Thing About Pandemics — 21 Comments

    1. I just read an article elsewhere, which stated that the 4000 suspected cases of microcephaly were actually 270 confirmed cases. And upon testing those 270 cases, the number testing positive for Zika were…six! Yet another article stated that there is no causal proof that Zika caused any microcephaly, since any prenatal “insult” can cause this. I look for a lot of money to change hands soon, for Brazillian experts to change their story, and the USA to tie funding to whatever action the PTB want.

    2. I notice Ecuador expat commenting on MMS and I totally agree with him on this. However, the active ingredient is Sodium Chlorite. This is readily available from most pharmacies or laboratory suppliers and is not expensive. Putting Sodium chlorite in your search engine will bring up a recipe for preparation. If this fails – ask George for my email and I’ll send you a copy. It is / was a commonly used sterilizing agent in hospitals and also the food industry. Don’t confuse it with sodium chloride!!

    3. I wonder if they’re saying they’re releasing GM mosquitoes to cover the fact that GM mosquitoes are the cause of the Zika problem. Then at some point they can say that the “second” GM mosquitoes weren’t effective in combating the problem, without referencing the fact that GM mosquitoes started it. Though I’m cynical enough to believe that the mosquitoes aren’t the cause & it’s really the vaccine that Kimberly mentioned. Horrid situation in any event, especially since you can’t trust authorities to be truthful.

    4. Ted Cruz gives me the creeps. Something is wrong there, I just don’t know what yet. A southern Republican woman called in to Limbaugh’s show today saying she is a die hard Trump supporter. When Rush asked her about Cruz, she replied, “He is creepy!”

    5. Completely unrelated, just an observation. I’m starting to see pay phones being re-installed here in Michigan. One last month in my town, another today in a town south of Grand Rapids.

    6. Why would THIS day (or any day on the calendar for that matter) be a day to listen to Rush Limbaugh the bloviator?
      Maybe instead it’s a day to listen to Thomm Hartmann.

      • I don’t listen to “Oxy” Limbaugh since Waco but having to watch the lefties version of him (Hartmann) on RT and his infuriating smirk leaves me cold. If we still had a Repug in the White House he might be entertaining. Otherwise, left-rightie bloviators are so last century.

    7. Since common sense has not done a thing to reduce the overpopulation of this planet the PTB turning to diseases is easily expected. Until they find one that affects the Chinese and Orientals they are wasting their time however LOL

    8. “Hence, we are christening a new word to describe the world’s elites and governors:

      Zika-paths”

    9. Colloidal silver and MMS both cure Zika virus, as well as Ebola (declassified Air Force Research after seven years), dengue and malaria(verified by the Red Cross in Africa). Quoting government/establishment sources on things like this is just playing to the PTB’S agenda.

      Once you educate yourself to alternative options, these pseudo pandemics become quite boring. Basically, people too arrogant or dumb to educate themselves are destined to be eliminated from the gene pool. And BTW, the cost of curing one of the above diseases is less than $1 per person, so there is plenty of motive to suppress this.

      Last time I caught the flu or whatever it was going around, I dosed myself and just rested. Never actually felt bad, just weak, and in 4 days it was gone.

      There is a beginners protocol for MMS I highly recommend. If you have ever had immunizations, they were full of monkey viruses and foreign proteins. This crap stays in your body, and suppresses your immune system. MMS will eliminate this crap, and this will certainly give you an edge for fighting any bug that goes around, and reduces the chance of cancer taking hold.

    10. Regarding Zika…As AntiMedia reports:

      Only the male modified Aedes mosquitoes are supposed to be released into the wild — as they will mate with their unaltered female counterparts. Once offspring are produced, the modified, scientific facet is supposed to ‘kick in’ and kill that larvae before it reaches breeding age — if tetracycline is not present during its development…

      According to an unclassified document from the Trade and Agriculture Directorate Committee for Agriculture dated February 2015, Brazil is the third largest in “global antimicrobial consumption in food animal production” — meaning, Brazil is third in the world for its use of tetracycline in its food animals. As a study by the American Society of Agronomy, et. al., explained, “It is estimated that approximately 75% of antibiotics are not absorbed by animals and are excreted in waste.” One of the antibiotics (or antimicrobials) specifically named in that report for its environmental persistence is tetracycline.

      The presence of antibiotics causes the mosquitoes that are supposed to die off to survive and reproduce. These same genetically engineered mosquitoes may then bite humans, injecting them with the Zika virus that’s now causing horrific mutations in head and brain formation in children

    11. I had Zika years back, in Brazil. It was flu-like and over in 3 days, rash in 4 days concurrent.

      Pandemic? Puhleeeze….

      Track the current seasonal flu outbreak for the year to gain some perspective. And if Zika was responsible for anencephaly, then this would have been known for many years.

      It’s just another ‘news pandemic’…

    12. Just another data point in the Zika story. At the end of 2014– 14 months before Zika outbreak– the Tdap vaccine was mandated for pregnant women in Brazil. The new rules were given in October, and 10 months later the first cases of microcephaly were seen by local officials.

      Needs to be considered, at least.