It will happen only if there is a confirmed outbreak over the weekend.
The Fed will resume buying next week. SPY to 200 will only take two days.
A few months back everyone was selling on Friday fearing Russian is going to invade Ukrainian over the weekend. Same panic mentality is in play here. The deadly disease does not have a man-made calendar. The pandemic does not have to happen over the weekend either. There is a lot of fear in this market for nothing.
Retails who bought at the top sold out today.
You get a crash only when the Fed and gov no longer control the market.
The gov will bring SPY back to 200 for election. And the Fed Lady will come out and say something along the line "Oh don't worry, I am not in a hurry to raise the rates" and market will rally 1000 point with a blink of the eyes. If this is still Big Ben at the helm, he would have restarted the QE4 already. The lady is more patient, so she will wait a little longer to round up more fake-bears (who always jump to short at the local bottom).
10% correction working like a clockwork. A real crash does not work like this. Fake bears were lucky during the past few days.
The Fed says they are done with one game, and you think they are done for good. Only hyper-inflation will force the Fed stops playing games. Until that happens, they are still in control.
The election is over and all of the good news has been reported.
Crash the market and blame Republican is the next card to play. This is the path of least resistance.
But people in the know might change their mind any time this week. Hongkong-China-Direct is a big event. On Monday we'll know which market is more attractive, US-Fed-Zero-Rate or China-Commi-Cheap-Labor-Growth. We are in an economic war. Crazy things can happen for no good reason.