Is the Coronavirus priced in? Or do you sell all rips?

Considering the stock market has pulled back 16% from its all-time highs in less than two weeks, one has to ask himself, “how much of this Coronavirus is now priced in?” So far it isn’t taking off in the United States and spreading like wild fire. But it is more like a “here and there” kind of event. That doesn’t mean it won’t, it just means it hasn’t.

By the way, this is by far the best website for tracking the outbreak of the Coronavirus. 

The stock market is running out of silver bullets to prop this market back up on news alone.

The Fed has nothing left really in its arsenal, the democrat primaries are becoming clearer with Biden making a strong grab for the nomination.

On the Coronavirus front, people are talking about this all wrong, as one member of the Trading Block said a week ago, we should be measuring this disease and its impact based on the ratio of those recovering vs those dying. Only 1 person is dying for every 41 that is recovering. Yesterday, it was 40:1. Overall, we aren’t talking about the Black Plague here.

If Warren stays in the race through next week’s primaries, there is zero chance that Bernie will have a shot at this thing. That’s good for the market too, as the market has also been spooked by front runner status Bernie previously enjoyed. 

Also, be aware that if you are buying puts, that you are going to be, in general, paying some hefty premiums for those. With all that said, below is my bearish watch-list that I am following. 

Here’s the bearish watch-list for this week: