The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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I don’t see an end in sight! This will go on for weeks at least, sure there will be odd days that we see a rise but the general trend will be downwards. More carnage next week I reckon, hard to call the bottom sub 4000 tho would be my guess
UK on the travel ban list. Spain into full shutdown. It's hard to see how investers will hold their nerve long enough for any rise to hold. This is going to go on for weeks/months. All business will start to feel financial strain at some point.
Unless you make toilet rolls, or baked beans it seems.
If trump adds uk to travel ban it could get a bit touchy, but the real question is how much lower can stocks really go
I think the chance for a rapid V recovery, that holds, has passed.
Monday will be interesting. It could be 10% up or down. What a ride.
Red finish today
No, looks like party is already over again.
We could see FTSE 100 more than 10% today , could it be v-shape recovery
Avoid Shares The smart investor is buying toilet rolls.
People will always make money out if a dip like this, when China demonstrates a quick recovery from this nasty virus the shares will absolutely rocket up again. Airline and Cruise ship shares are at bargain prices along with oil costs. The two will add value in very quickly.
Chin up. Friday 13th tomorrow. :(
agree darkknig
Certainly hope you not bought in. This is more serious than a cut in interest rates can't believe some of the bounces recently. Still a long way to fall
Now you should be drip feeding the market :-)
public like the budget ..all good and needed
now pick up the most battered stocks as they will come back the quickest
Hi Denby?. What's your top picks at these prices?
just started to buy see a range of 5200--- 5600
Because there's much more to it,
Yes I agree we have to take the 100 years of medical/scientific discovery into account. But in which ways will that manifest?
1. Improved healthcare knowledge, facilities and resources -> overall reduced mortality
2. Improved connectivity between nations -> co-operation in the search for treatments and vaccines
3. Improved capacity to logistically organise the nation to delay transmission -> delayed peak of case load
On the other hand, our more advanced world:
1. Makes no difference to pathogenicity of the virus
2. Our more crowded societies promote transmission, think cholera outbreaks in the middle ages except a respiratory equivalent
3 . Improved connectivity is ofcourse a double edged sword. Imagine if the regions of China came out of lockdown in 1-2 weeks. The virus will almost certainly circle the globe (metaphorically) and return to China to infect previously unaffected regions.
Ofcourse there is an element of fear. Epidemiologists here in the UK are estimating the actual number of cases could be 10x what had been reported, ie over 1 million cases across the world, but most are asymptomatic or minimally symptomatic.
But if that is the case and as estimated by same epidemiologists a minimum of 500m become infected,.that is still a mortality of 1.5m. That's a relatively conservative figure too, with the lack of immunity to this virus it could easily affect the majority of the world population over the coming months and years.
With regards to the markets, like I said before there was a correction imminent and this has got to be the worst precipitant imaginable.
Many of today's companies are over leveraged, especially in the mid-cap oil and travel industries. If this plays out anywhere near how the experts are suggesting, we have a long way to go still.
Even trying to compare coronavirus to the spanish flu, overlooks 100 years of progress in medicine and public health.
So let's say there won't be a vaccine available for the next 12 months, or so. Why does that have to keep pushing down the value of companies with wonderful business models, that will just have a bad economic year?
Maybe the markets were overvalued and there were many who sorted them.
Yesterday I had 39 centigrade fever, now I'm back to normal. No reason for panic...
In my honest opinion
There is more to this than Covid, which even by it's own force would likely push this down to mid-50s.
The market has been overbought for some time, there is an element of correction incorporated. Especially in the US.
Just finished watching the video of health professionals briefing the Senate on Covid and it's likely impact. We have only just started this journey. The virus is not going anywhere, vaccine will not be ready for mass rollout 12 months minimum and more likely 18-24 months.
Out of previous pandemics, Covid most closely matching the progression of Spanish flu?
This will be a wild ride in the coming weeks and months. I'm out but expecting recovery H2.
The falling knife to 5800 sounds a good punt. For predicting month end only.
Unfortunately there is the unclean hospital issues. Milton Keynes hospital is notorious. So the basics on public health is strongly required. Dept of Health needs to get a grip, that will help.
Glad Homeland/ Home Office does not have the "limited efficiency" overpaid Philip Rutnam anymore - he messes up everything he touches. So, that distinctly helps that he is history. A plus factor.
There are now 150 mutant recorded variants, being RNA based that is natural, it has self-evolution and its own Darwinian natural selection. So it will mutate more.
Lucky it is not MERS which is pure WMD, compare to Covid-19 which is synthetic economic warfare WMD form the Wuhan labs. (That is, overwhelms infrastructure and services and kills small percentages only). Hence as I was saying in December GDP will get a pasting.-- RM
My wife predicted something like this would happen in September, so she stockpiled health materials. By early December she knew and worked out what it was.
gla human beings.- RM
Barnetpeter hate to spoil the party BUT i think that by the end of the month we should see just a little reduction in the stats of this virus that is why I said 3 weeks to buying @ 6100 well we will see, I don't short long time inverter not just months not looking for a quick buck , :-)
"Coronavirus is scaring company insiders into selling their shares — fast"
5800 by end of month
ONLY ANOTHER 400 to drop then i will start buying (mind you I would like it to drop to 5800 lol)
Above 6800 now. Still shorting?