Coronavirus Impact: China Has Fallen Into Bizarro World [Forbes]
Barclays PLC (BCS)
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Source: Forbes
China is now the Bizarro World of everything Wall Street. Up is down. Good is bad. Rising coronavirus (Covid-19) death tolls means the death tolls are falling. Consensus remains that a V-shape recovery is just around the corner, maybe as early as April, despite the fact that Japan’s case load is rising; South Korea is installing travel restrictions in at least one city That’s not stopping the Chinese stock market. It’s better than anything in Asia, which may have low instances of the new coronavirus, but rising instances nonetheless. People in China are putting themselves in self-quarantine. Get pulled over by a police officer to get a temperature check risks getting put in real quarantine, leaving the kids at home. The thought of catching the virus on public transportation has overall travel down. Beijing is forced to bail companies out. They’ll have many to bail out the longer this lasts. Brian McCarthy, chief strategist at Macrolens in Stanford, Connecticut was having a laugh over
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