Coronavirus and Stock Markets - Thoughts?

Take this rag for what it is, but if we do get a cheque like the USA seems to be doing - more money to invest. :partying_face:

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I think this would be a good idea (the UBI payment not reading the daily mail :rofl: )

The economy is going to need some stimulus and I think bottom up will work better than top down, and will help struggling retailers, pubs etc.

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Either this or have everyone redirect their bills to number 10.

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http://archive.md/otqzQ

Renaissance Technologies, one of the world’s biggest hedge funds, has been tripped up by the market turmoil unleashed by the coronavirus outbreak, underscoring how even the industry’s brightest names are struggling to navigate the financial chaos.

It has been a rocky year for the $75bn computer-powered ā€œquantitativeā€ hedge fund. Renaissance’s stocks-focused fund had one of its worst months in more than a decade in February after losing more than 7 per cent. It managed to pare back some of those losses in the first week of March but suffered another setback when the turmoil worsened last week.

The Renaissance Institutional Equities fund is down 12 per cent year-to-date, while Renaissance’s Institutional Diversified Alpha fund has declined by 10 per cent.

RIEF was down approximately 5.5 per cent this month through to the end of Friday, according to two people briefed on the numbers, after gaining close to 5 per cent in the first week of March. RIDA was down 7.4 per cent this month, erasing gains of 5 per cent through the first week of this month.

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Renaissance Technologies was founded by the geometer and former Cold War codebreaker Jim Simons in 1982. After struggling to make headway in consistently using computers and complex models to unearth lucrative trading patterns, it eventually started racking up profits, the like of which the investment industry has rarely seen, both in terms of size and consistency.

Its flagship fund Medallion was so successful it kicked out external investors in 2005, and has since only managed the wealth of Renaissance’s executives. Mr Simons said last year that it had delivered an annual average return of about 40 per cent since 1988 — even after charging employees an unusually large fee for keeping their money in the vehicle.

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Twitter clamping down.

Does that mean Trump is banned?

Jan. 22: ā€œWe have it totally under control. It’s one person coming in from China. We have it under control. It’s going to be just fine.ā€ — Trump in a CNBC interview.

Feb. 26: ā€œSo we’re at the low level. As they get better, we take them off the list, so that we’re going to be pretty soon at only five people. And we could be at just one or two people over the next short period of time. So we’ve had very good luck.ā€ — Trump at a White House briefing.

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From 0:35 :wink:

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I got rid of my zoom shares a while back. Slack and Gilead are running strong though :crossed_fingers:

I just sold my zoom taking a nice wee 55% profit.

The position isn’t really big enough to hold long term, going to reinvest that money over a few stocks that are more attractively priced.

Ford Motor Company (NYSE:F) suspended its dividend and borrowed billions of dollars from its existing credit lines, as it prepares to shut down most of its factories in North America and Europe.

Ford said that it is borrowing $15.4 billion in total, the remaining amounts on two existing lines of credit. The company has also suspended payment of its $0.15-per-share quarterly dividend in order to conserve cash.

Great film.

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I have some Ford, bought mainly for the generous dividend, :grimacing:

They are probably right to suspend it at this time though

Marriott also suspended its dividend.

I suspect we’re going to see a lot more companies drop their dividends or cut them altogether in this climate. Unsurprising, but I hope it doesn’t have a further knock on effect…

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As we suspected with Ocado (Crosspost from Ocado thread)

Online supermarket Ocado has reported a jump in sales as demand for home delivery soars amid the coronavirus crisis.

Ocado said sales had doubled in the second quarter compared to the previous period as shoppers made bigger and more frequent orders as they stockpiled goods.

Good news

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In the early 2000’s these guys went to a summer music festival in Portugal. They were performing just before Slipknot and receive a warm welcome from Slipknot’s fans. So warm they didn’t finish the first song

I’m just reporting a curious event. My personal opinion on the subject is deliberately absent and is not to be implied. I’m not a fan of neither of them

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LIVE: Boris Johnson updates the country on coronavirus

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Dividend suspended

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