Coronavirus and Stock Markets - Thoughts?

Priorities. The Netherlands. :joy:

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5 year chart of the FTSE 250…sobering!

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A small cap trust will be shopping five days a week during these times, what an incredible fall.

Brutal…

It’s a shame dispensary stocks aren’t on freetrade !

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Invest in quality stock that cater to the future Coronials and ride the bounce in 20 years’ time! :joy:

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But we literally just had an 11 year run

Just a second darling, need a bit of hand sanitiser and a mask…
:mask:
…ok, jump on…

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… current thoughts ? 250 is 10% down in 1hr 5mins…

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I think we are just at the tip of the iceberg, still to roll out school closures, the closing of pubs/restaurants/cinemas etc. which looks like will be announced today. Talk of martial law in America. And the very real possibility of bank runs taking place.

Is anyone dropping in any sort of decent amount of change at the minute? I’m absolutely on the sidelines as I see no reason for a bounce at all, quite the contrary.

If it’s any consolation, my employer has a global supply chain. Our Chinese partners seem to be getting back to normal. A few more weeks of negative headlines in blighty to be expected.

The FTSE 250 and small cap trusts look highly undervalued from a forward looking perspective.

(Serious note: To any new investors or beginners please do not take any comment I make as any advice of any sort. I really mean that. Get financial advise from professionals before making financial decisions)

I’m with you, just collecting every penny of spare cash in my account atm ready for the enevitable wave of optimism when this is all over.

You described my stance. 100% with you, Sir.

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I was thinking to get back into market. Spoke to few friends across globe and decided otherwise.

https://www.bloomberg.com/news/articles/2020-03-15/goldman-sachs-warns-s-p-500-might-not-bottom-until-2-000

ABF looking undervalued (I think google is broken):

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Negative interest rates and now negative valuations. :thinking:

Approaching peak panic in the west IMO, next couple of weeks will be the worst in the market, but big discounts available in my completely amateur view!

I do worry about bank runs but the gov can borrow at v. low rates at the moment so they can afford to prop up core businesses, though that could mean shareholders are wiped out (bad for me as I own some banks). We’ll be in trouble if/when borrowing money cheaply is no longer possible.

I’m planning to invest more soon, early April, this will trail on for a long time of course but I’m not sure the market will give a huge discount for a couple of lost quarters once things are looking up again and the worst is past. I don’t believe this is trivial but it’s not armageddon. Depends really how various health services cope with the peak coming, I’m hoping they cope well.

Stay safe everyone.

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Free edition of the Macro Show by Hedgeye TV today. Professional macro market analysis by former hedge fund risk manager.

The guy is a bit brash, very American (edit: by birth Canadian it seems!), quite full of himself and rather loud, but he’s insightful and did tell his subscribers mid Feb to get out, and also did the same pre the 2008 crash.

Seems to have a track record and I do enjoy his content.

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The dividend yield on the FTSE 100 definitely looks attractive, sitting at almost 5.5% which for a “safe” index is very appealing for sure, how much growth long term but is the question as I definitely favour the S&P, would depend on your strategy but long term a mix of both is very sensible in this climate.