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Stocks took a dive on Monday over more concerns about the coronavirus spreading. The Dow lost 454-points with most indices losing 1% to 2% on the day. The Transportation Index was a big laggard as travel may be the first industry that gets hurt because of the virus. The I-fund took a hit despite some Asian markets being closed for a holiday. The safety trades of bonds and gold were up on the day.

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Stocks opened higher on Friday but the high of the day was it in those opening minutes, and from there it was a steady decline down for most indices. There was a little buying toward the close to push the indices off their lows, but the weekend newspapers could remind mom and pop investors that sticks don't always go up, so Monday morning could be interesting. The Dow lost 170-points or 0.58%, but the broader market indices took a bigger hit percentage-wise.

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Investors grew skittish over coronavirus news late in the week ending a two week streak of gains in stocks. Stock indices spent moments in positive territory early in the week but as the coronavirus outbreak grew so did the fears of its potential global economic impact. Its a flashback to the SARS outbreak in 2003 which was credited for nearly a 1% drop in China's GDP. But it was Friday when stocks really expressed concern and dip buyers were absent. U.S. stocks fell around 1% on the day. This was ...

Stocks opened lower on Thursday but once again the dip buyers refuse let a minor dip go to waste. The Dow did close down slightly (-26) but most indices did manage to climb back into positive territory by the close. The I-fund lagged with the overseas markets closed by the time U.S. stocks reversed, plus the dollar was up sharply. Bonds rallied as well.

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The Dow gave up an early morning triple digit gain to close slightly negative (-10) while the S&P 500, Nasdaq, and the I-fund posted gains for the day, but closed well off the highs. The small caps of the Russell 2000 also gave up a nice early gain and closed down, but the S-fund small/mid cap fund held onto a small gain. The Transports were down sharply again and bonds were up.

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