RE: price29 Feb 2020 09:44
I stopped looking at the markets (generally) on Thursday. This week’s paper losses were eye watering.
On the plus side a great time to double down on funds and my pension pot.
C-Virus is definitely serious, however the media have grabbed hold of it and till they get bored with it we are in for a tough time. Lot of companies cancelling events and advising travel freezes and work from home policies. Bit crazy, but once a few do it everyone follows suit. The resounding message in my sector and with my Partners is ‘duty of care’ to employees. We made the decision to cancel a 2000 person customer event yesterday, which made for an interesting evening of calls with sponsors. Even though the probability of something happening was small, it was more around responsibility and duty of care. I think the aftermath of the current hysteria will be round for a while now. MWC cancelled, IDC, Facebook, everyone is cancelling major events which will have a knock on business effect.
Best to switch off and come back in a month.
In the meantime the drilling continues :-)
Tex