Sierra, Frank26 and more Wednesday Evening 1-29-2020
Thank you Sierra
"Interesting Date for Market Change" by Sierra (NZ) - 1.29.20
Entry Submitted by Sierra (NZ) at 7:12 PM EST on January 29, 2020
Here is a series of tweets that point to the date of 4th February 2020 being significant to the financial market...
https://twitter.com/Inevitable_ET
I ET 17 tweet...
'OMG, China just shut down trading...Still think it's just flu? WTF!!! What occurs the next day on 2/4?' The tweet features a picture of a news headline: 'Coronavirus: China shuts down stock market until 3rd February.'
I ET 17 retweets Craig Mason...
'The Genesis upgrade on Bitcoin is on 4th February 2020. In the article it clearly says that it is 11 years, 1 month and 1 day after the original release. 11:11.'
Finally, I ET 17 retweets WINTRELL...
'This was part of the game all along...Once the Tariff agreement occurred with USA, virus outbreak...Markets get manually manipulated to secure money.'
Phoenx at PIR has discussed a Black Swan event (financial collapse), and the potential for it to be linked to the Corona virus. It will take a major global event, such as a (fake) pandemic, to trigger the collapse of the financial system. It looks promising for this Black Swan event to happen very soon.
Oh, and there is another event on 4th February 2020: President Trump delivers the State of the Union Address. All signs point to him presenting the Address as an acquitted man, triumphant in victory. Bring it on!
Where We Go One We Go All.
Love and Light
Sierra (NZ)
https://inteldinarchronicles.blogspot.com/2020/01/interesting-date-for-market-change-by.html
China Frantically Shuts Down Stock Market to Prevent Coronavirus Selloff
Chinese authorities have decided to suspend trading on the nation's two major stock exchanges. This comes after fears of a coronavirus crash.
January 28, 2020 3:48 AM UTC Author: William Ebbs @ebbs_william
Chinese authorities have announced that stock markets in Shanghai and Shenzhen will remain closed until next Monday as fears over coronavirus continue to swirl. But it may not be enough to stop a selloff once markets reopen next week. | Image: shutterstock.com
Chinese authorities have decided to suspend trading on the Shanghai and Shenzhen stock exchanges.
This move comes as the Wuhan coronavirus outbreak grows in size and severity.
The government is kicking the can down the road. Investors can expect a massive correction when trading resumes next Monday.
China’s financial markets will remain shuttered until Feb. 3 due to coronavirus fears, according to separate announcements from the Shanghai and Shenzhen exchanges.
The move comes as the Wuhan coronavirus outbreak grows in size and severity with many fearing it may lead to a global recession.
The Chinese government may be trying to delay panic selling until it can get the massive outbreak under control. But this strategy is unlikely to work because of the sheer impact the virus is already having on the nation’s economy. Investors can expect to see a large correction in the Chinese indices when (and if) trading resumes next Monday.
The impact of this crisis is sure to bleed into American markets and may trigger a stock market correction.
The Wuhan Coronavirus Outbreak Intensifies
It’s no secret, the Wuhan Coronavirus is getting worse. So far over 4,000 cases have been confirmed with 106 fatalities. There are over 50 cases outside of China, including five in the United States. Recently, Germany confirmed its first case of the disease bringing the total of infected countries to 16.
In response to the threat, China has quarantined entire cities. The travel restrictions affect a total population of 60 million people and might be slowing economic activity to a halt in the affected areas.
Data from the first day of the Chinese New Year shows a significant decline in travel across all major platforms. There was a 41.6% decline in civil air travel, a 45.5% drop in rail travel and a 25% drop in road travel. U.S-based companies with Chinese subsidiaries are also scaling back their operations.
China Shuts Down The Market
In response to the crisis, China has decided to extend the Lunar New Year break on trading by four days. This looks to be an attempt to prevent panic selling due to the outbreak. However, the Feb. 3rd date for a resumption of trading may be delayed because Shanghai authorities have separately advised companies not to resume work until at least Feb. 9th.
Despite the halt on trading, Chinese firms are still feeling the pain. The U.S listed China Large-Cap ETF (NYSEARCA:FXI) dropped 4% on Monday.
Is The United States Next?
The United States economy is on shaky footing going into 2020. America’s economy is tightly intertwined with China’s, and a massive crash there would have ripple effects across the world.
Companies with significant exposure to China have already posted significant declines with Apple (NASDAQ:AAPL) and American Airlines (NASDAQ:AAL) down 3% and 8%, respectively.
Chinese airlines are in free fall with U.S-listed China Southern Airlines (NYSE:ZNH) and China Eastern Airlines (NYSE:CEA) both down over 7% on the day.
Economic Downturn?
Investors should also watch for the market fallout over a recent missile strike against the United States’ embassy in Iraq. That situation, along with the ongoing crisis in China, could put pressure on equity prices going forward. With all these black swans hitting the market at once, there’s a growing fear that a
major economic downturn is around the corner.
https://www.ccn.com/china-frantically-shuts-down-stock-market-to-prevent-coronavirus-selloff/
KTFA:
Thank you Frank
Frank26: 1-29-20 HUDDLE UP
This video is in Frank’s opinion.
Don961: The US House of Representatives votes to authorize the use of force in Iraq
The mandate allowed America to intervene in Iraq in 2003
January 30, 2020
On Thursday, the US House of Representatives votes on a bill that would end the mandate to use force in Iraq, which was passed in 2002 to give the legislative mandate to the United States to launch the Iraq war in 2003
In his Twitter tweet, US President Donald Trump urged members of the House of Representatives to "vote with their hearts" on that legislation, adding that the United States is reducing its presence in Iraq until the number of its soldiers there has reached only five thousand
On the other hand, Trump threatened that he would use the veto against any legislation supported by the Democrats that would restrict his military options against Iran
In separate statements to the White House, sources said that the president may veto both decisions related to ending the 2002 law on the use of force in Iraq and the law restricting military options against Iran
The decision to use force in Iraq gives the president broad powers and freedom to act in response to any threats inside Iraq and the threats that Iran makes against the United States and its allies in the region through its hubs in Iraq
The US administration had justified the beginning of this month of its use of a drone to target Qassem Soleimani and Abu Mahdi Al-Muhandis in Baghdad as coming within the mandate approved in 2002 and confirmed that canceling that mandate will "strengthen the enemies" of the United States LINK