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I didnt see that coming--nor did I see it with silver. I've been buying both for a few years--and luckily-I'm still looking really good with my average buy ins--but dang--you know things are bad when the safe havens are dropping as bad as the markets.
Clusters are already here. Testing has not been.
We need some high ranking smart people in South Korea to understand how and what they've done to get so efficient at testing... We need to do this now. The longer it takes to get proper testing measures in place, the worse this will be.
Bloomberg radio on the side of sell off, as no news would be worth the risk of bad news.
Yeah, my only exposure for years has been metals. Missed all the run up, now the safe haven is getting hammered too. I'm thinking about putting some $ into REIT"s though at these levels, maybe moving 15-20% of my cash back in.
Good to see you Bob, what do you mean by this?The government is taking this much more serious than maybe they are letting on.
I don't feel comfortable going into exact details even though I just sent an e-mail to about a thousand people going into details. Let me put it this way, if you have an opportunity to buy hand sanitizer, disinfectant, masks, etc., do it, because you're not going to be able to for a LONG time.Good to see you Bob, what do you mean by this?The government is taking this much more serious than maybe they are letting on.
Thanks for clarifying, personally. Of course the stocks may be good too but just noticed Clorox is now falling. It seems like people just remembered, again, what a broken supply chain means despite high demand for product.
Yeah, I've been looking at that too. Great long term, but short term their earnings are going to be whacked hard.
I struggle to think of any reason to buy into the weekend. Like the all clear isn't coming anytime soon, certainly not in the next two days. It is going to get worse before better.
I think you are probably right. I will probably still buy some as I always try to average in and who knows what happens. I think we will have some problems for awhile though, even once it passes earnings are going to be rough.
My wife and I both work so that’s a 20-25% difference in gains. Basically, my stocks can go down 20-25% and if I wait a year from purchase I’m at the same result.
I want to dip my toes in so badly.
Only if people catch the equally virulent FOMO. I know that I heard AAPL reversed direction and my first thought was to buy. If folks are sitting on cash, we could see some thrown at it by end of day. But I agree that downside is more likely.
Me too and my original plan was to re-evaluate closer to the election. You're not supposed to time the market but I moved everything in my 401K and Mrs. SLB's 401k to a fixed bond fund less than two weeks ago. Pretty good timing but it wasn't just a gut feeling.
Sell the news, eh? Down 6% since conference call was announced. What's up with that?
Do you think that is definitely the outcome? You have to think we lose containment to get to a recession, right?
Goldman projecting 0 growth for 2020 when we don't even know the outcome of the virus yet has me leaning towards that, yes. Is it avoidable, probably. I'm thinking it looks more like 2001.
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Travel/touristy stocks are a hard avoid. I knew about this for a while, but then again one of my huge clients sends me corporate emails and it said the same thing. Even my smallish company already sent the same. If this wasn’t Amazon it wouldn’t be news because it’s pretty much everywhere. That’s why ZM (until today some profit taking) has been on a year.
Cross post but my company (EU based - 150K Employees) Just made a similar call today.
There are so many industries and events that could be impacted. The cruise industry is big in south Florida, where 2 of the 3 largest cruise terminals are located. I have plans to go to an education conference in Orlando next week - the organizers opened up registration again after closing it lasst week - not sure if that was due to cancellations. I'm driving to the meeting, which reduces exposure compared to flying from a crowded airport in an enclosed plane. My oldest daughter is graduating in June in Boston - by them I hope we'll know more about the spread of the virus. The education industry could be directly affected. In Miami-Dade public schools, they're placing hand sanitizers in all rooms, even for kindergarten students.
My gut says yes on a recession too, it'll obviously be global so I'm conflicted on my feelings. Feels like businesses are in a remotely good place heading in, so that gives me confidence it should be mild. With that said, the Fed is in an awful spot; they're balance sheet is bloated (basically ATH) and they've got 150 points to play with, more than 2/3 less than they've had in the past.
I for the life of me can't figure out the movement of UAL.Cross post but my company (EU based - 150K Employees) Just made a similar call today.
Cancel everything.
Short Airlines & Hotels or too late?
Marriott is shockingly holding up. I don't get it.Cross post but my company (EU based - 150K Employees) Just made a similar call today.
Cancel everything.
Short Airlines & Hotels or too late?
Outside of people thinking government stimulus is coming, I've got nothing on any travel related stocks holding up. RCL as an example is down about 31% since 2/12, so maybe the market thinks the worst is behind for them, idk... Stock is up 3% today
Don't worry about it, we have Pence on it!
