Here are a number of things that I'm watching now.
Poor timing by bounce buyers is creating more downside. There is no rush to build longer-term positions.
It's clear that the market infection from the Wuhan pneumonia is only just beginning.
Bounce buyers want to believe there is an overreaction to the virus news, but if downside momentum builds, the selling can continue much longer than many expect.
Only one of these scenarios is going to get you in and out of this market with your assets intact and your portfolio stronger.
Only two things can save the market right now, the Fed cutting rates aggressively or the virus being contained.
Many market players have been anticipating some severe corrective action for a while. They have it this morning -- and a new crop of trading opportunities will quickly emerge.
The coronavirus is just a spanner in the works that proves how weak the system really is.
Let's get a little more clarity on the larger-picture outcomes of the coronavirus before we declare it time to go on a stock shopping spree.
Beijing is allowing banks to relax lending standards, which could mask many nonperforming loans while problem borrowing rises as high as 13.3% of Chinese debt.