Might actually see the largest point drop in history on Monday.

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Why? Stock futures currently have Monday’s open at a modest decrease, what’s your reasoning?

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Going to hit 5k + cases today. Nike closed stores, Apple closed stores, Disney closed parks. Shit is hitting the roof.

I think we’ll hit limit down Monday morning.. the actions in France / Spain weren’t known during the Friday rally. I agree Washington / Cali / NY state should be considering similar actions (they can’t avoid the same business shut down measures if other gov’ts are doing it — if France / Spain successfully contain w that measure then NY state doesn’t do that and it spreads, NY can’t risk that backfire / failure to act).. with statewide business shut downs, economic projections take another substantial leg lower.. tough for policy to alleviate that leg lower

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Restrictions hurt but so does consumer behavior - with or without restrictions, consumers are flying less right now. Depressed air travel is one small wrinkle in the broader economic depressive activity right now - remember people are sentiment driven and 70% of our GDP is driven by the consumer. If people tighten their belts (a which they do when they’re scared, and they should be scared), the pain will eventually be felt everywhere. And the current demand shock in certain industries will lead to employees of those industries forced to tighten their spending (starting some of the ripple effects). Read the airline / cruise industry news regarding their agreements w unions and other asks of their employees on pay reductions.

^ and you know this because

Brother works closely with a lot of people in California government.

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Be cognizant that this week is a triple witching. I wouldn’t be surprised to see some well timed news coming from Trump near Friday’s and we could shoot right back to the $300 level.

My next levels are 2,350 (lows in Dec-18), then 2k. — so roughly 350pts for each leg lower, which in today’s vol environment is not crazy to happen in a single week per leg.

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