I can't believe it's taken this long. I've known for 3 weeks that the products I deal with from China aren't available and won't be for a while. This includes computers and all sorts of other stuff. There will be huge drops in trade of everything, there's no way this doesn't start affecting every part of every economy.
Yeah, it's pretty crazy, right? Market just opened and I get 33 "big price move down" alerts on my screen. At this point, I'm just watching out of curiosity. I've raised cash in all my accounts in the past month. Stocks still went up for God knows what reason. Started risk-proofing even the long term accounts on Friday... Shoulda done even more than what I did!
Still, this could get picked up by the TA bots as a BTFD situation, although you'd think that the the headline-reading bots would overwhelm them today. If it goes up from this crap opening, it'll just be a selling opportunity.
Just as an example of a non-essential, but kinda essential, what are people going to do when they look on Amazon and find there aren't any more Lenovo Laptops? I know that the main wholesale channels in the US are pretty much dry now. There will be stock at retail but not much. The same is happening for millions of items right now.
Food and drugs are the ones to worry about.