RE: Why do we bother?29 Feb 2020 10:17
As it stands with us here investing in commodities and energy that the whole world must have and need so in times of the the current situation of Coronavirus and expected temporary low productivity and needs by populations and restrictions on movement and avoiding travel will result in less demands in almost everything. Then you apply logics and avoidance of the “end of the world thinking” ,in fact you and me must be more rational to think energy and commodities will rebound at some point soon if we believe in our medical health advances and the knowledge we have now to avoid the “end of the world thinking” that resulted in over and over reacting by the markets all over the world and it was the perfect excuse to make you think with the help of the media that you better “sell your shares now and reserve whatever left”.....well it is just like ,as the reality is very different and less than 3000 people died by the virus which is far far less than any seasonal influenzas we get every year. Most of the death in old age people and the productive young people death rate is less than 0.6% !
Media hypes and extreme fears prevailed and markets took the most advantage to spook us all or a significant number of PIs who sold and felt happy to cut their losses...but will come back and buy much higher when the market settles down and basically lost a lot of their money by doing this!
This time of market turmoils was mostly engineered to a significant degree imo.
Genl reacting was less dramatic than most other oilers and no point to keep bashing poor G!!
The bashing was all over the sectors.
Oil and other commodities shares will rebound as we all need and without cannot carry on.
GL next week and stay strong!
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