Big Market Drop? Not On A Relative Basis [Here’s Where I Expect It To Close Fri]

One Option Trading Blog https://ift.tt/2wyiTny Posted 9:30 AM ET - The market continues to make wild swings and the action is driven by Coronavirus news. California has declared a state of emergency and airlines are taking a beating. Travelers are canceling flights because of fear and because of bans. This industry has extremely high fixed costs and these businesses are leveraged (lots of debt). They are dependent on cash flow and an English airline has been forced into bankruptcy. Central banks are easing in a coordinated manner and that safety net is not calming investors. I still believe the S&P 500 will close at the 200-day …