In I wrote that I considered Hong Kong the biggest story of the year. It's almost March and I think the story of the year, barring any large event, will be the "talk of recession. No one does. Every economist I've seen says there must be one, but has been saying that for a long time.
Saying it picked up last summer. There have been a few big dips in the indexes, but they're rebounded each time to new highs. A week later, that this story would be the biggest - Coronavirus more than the recession, perhaps - became globally obvious.
February 24 and 25 the indexes lost big. Gold had been going up over the week, perhaps as people anticipated a close proximity to a regular cyclical recession, but it went down on the 25th also.
All except one, of those I was watching of the gold mining and silver mining, etc. The talk is about the Corona Virus. It's a type of economic event no one had considered. The hardest hit stocks were those to do with travel and being in public, like airlines, hotels, and concert event promotion energy is also said to be a bad investment , but all stocks were down except for a few.
The idea of this type of market influence wasn't talked about before. The coming recession was going to come, everyone was saying, because it had to and always does as part of a cycle. And that once interest rates went to a certain point they're very low , something would happen. However, a recession won't start while the consumer is still spending, and he didn't stop. No one ever can predict stocks or the markets.
