Why The Stock Market Turn Around Today 为什么今天股票市场转上

The Dow Jones Industrial turned around an over 200 point slide to a 125 point rally today. One of the reason given is that even though the World Health Organization (WHO) declared a global health emergency but did not recommend restrictions on international trade and travel. Another reason may be because that many people think that the Wuhan coronavirus crisis is temporary.  The 3rd reason is earnings related. Both MSFT and TSLA reported good earnings and AMZN also expected to be good which provide support. The 4th reason is technical, the Dow hit it's 50 day moving average support at 28431 and bounced off.

Should we trust WHO's decision when only last week it called the outbreak a local crisis? The danger of WHO's action and the virus crisis is only temporary thinking is that this time it may be different since the spread of the virus has not been contained yet and no body know how far will it go. As for earnings, this is probably the last time stock prices appreciate as earning season is drawing close to an end and slowing economy is the next thing to worry about.

The stock market may rally early tomorrow due to strong AMZN earnings but may end weak due to investor selling stock ahead of the weekend. It is prudent not to chase stocks at this point when there's a crisis going on; economic slow down may be around the corner; and the stock market rally is at euphoric and unsustainable stage.

Latest Wuhan coronavirus update:

今天道琼斯工业平均指数从下跌200多点反转至上涨125点作收。原因之一是，尽管世界卫生组织（WHO）已宣布了武汉疫情为全球卫生紧急情况，但并未建议限制国际贸易和旅行。另一个原因可能是因为许多人认为武汉冠状病毒危机是暂时的。第三个原因与收益有关。 MSFT和TSLA均报出好财报，而AMZN财报也有望好于预期对股市提供支持。第四个原因是技术因素，道琼斯工业平均指数达到其50天移动平均支撑位28431而反弹。

仅在上周，世卫组织将疫情称为局部危机，而今天则升级为全球卫生紧急情况，我们是否应该相信世卫组织的决定？世卫组织采取的行动和病毒危机只是暂时的想法是危险的，这次情况可能有所不同因为目前尚未能遏制病毒的传播，而且没有人知道它会怎样发展。至于财报，这可能是股票价格最后一次升值，因为财报季节已临近尾声，而经济放缓是接下来要担心的事情。

由于AMZN的强劲收益，股市可能会在明天开始阶段上升，但由于投资者在周末之前或会抛售股票避险而可能导致股市收弱。因为武汉疫情危机仍在持续而或会导致经济放缓，加上股市正处于极度乐观和不可持续的阶段，现在谨慎的做法不要追逐股票。

武汉疫情最新情况：