NIKE shutting store china apple closed all stores cruise liners affected air liners closed routes passenger numbers fallen off a cliff in Asia Train passenger numbers in Asia collapsed Tesla closed shanghai factory ect ect ect
yet markets near record highs...………… supported by central banks...………… ready for a flash crash IMO
Everywhere you look major corporations badly affected I think this week going to see big drops right across all markets.
9/2/2020 1:44 pm Volkswagen postpones restarting production at some China plants
Volkswagen said Saturday that it has pushed back resuming production at some of its China plants, Reuters reported. The company will not restart production until Feb. 17 at most plants in its joint venture with SAIC motor and the Tianjin plant in its joint venture with the FAW Group due to the coronavirus outbreak. One car-manufacturing plant Volkswagen operates with SAIC in Shanghai and most of the plants in the FAW joint venture will restart on Feb. 10, the German automaker said in an emailed statement on Saturday. Volkswagen said it was facing supply chain challenges as China goes back to work after the extended Lunar New Year holiday, as well as limited travel options for its employees.
Trying to time the market’s declines and betting against more gains has been a losing strategy over the more than decade-long bull run in stocks, despite repeated worries about rich valuations and overexuberance. Still, some investors are taking a cautious view of the recent advance. George Schultze, founder of Schultze Asset Management in New York, said now may be a good time to lock in gains on the rally. “For investors that have had big gains and are mostly in passive ETF strategies, now may be a good time to put some cash on the side and realize some gains," said Schultze.