Coronavirus and Stock Markets - Thoughts?

Well, if they are unknown, we can’t know about them. :smiley:

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Supply chain risk is huuuuge in a country like the USA. Number of cases is still going up, and supply chains will be damaged until well after cases stop rising.

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Seems the world didn’t end today.

Half of my new £5k US stock investments that I made today crept up enough to even recover the FX spread, and the others are nearly there. All the while, I got them at a sizeable discount against last week.

At the same time, the new £4K investments already showed gains today - global clean energy +1.21%, Ceres +0.94% and Greatland Gold +3.12%

All good. We’re not out of the woods though - this week will be a mad roller coaster I suspect.

A snippet from an article at Barron’s: ā€œThe good news? Only a quarter of investors surveyed by DataTrek see the virus triggering a global recession. ā€œThat should be enough to limit stocks’ reaction to a pullback rather than a full-on rout,ā€ Colas writesā€

Gilead may be an interesting bet: ā€œShares of the biotech company Gilead Sciences ļæ¼ jumped to a 52-week high on Monday after a World Health Organization official said that global efforts to find a treatment for the novel coronavirus should be more focused on the company’s experimental antiviral drug remdesivirā€

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Wasn’t feeling brave enough yesterday, I think I’ll start buying again today :grin:

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I was brave enough. With hindsight, perhaps should have waited a few more days! Win some, lose some - don’t we?

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I’m doing nothing at the moment, neither buying or selling. If we get a major drop of 20% or more I will look for bargains.

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I sold out of Uber & Barclays last week netting a 20% gain on both.

Bought Lloyds a little early and have lost a further 5% on them.Spent the rest on VWRL today at £70.34.

May have pulled the trigger a little early for perfect market timing but I’ll be holding it for 20 years…so hopefully I won’t cry too much.

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What would you rather happen to you?

  • Get Coronavirus
  • Portfolio drop by 50%
  • Both - I’m a masochist

0 voters

I have confidence in my immune system :stuck_out_tongue:

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I felt the exact same yesterday. Put some cash in today though and bulking up a few of my top holdings.

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I’ll be doing the same, it’s impossible to predict the bottom here. Any news of a vaccine or a levelling off and the market could easily rebound, but on the flip side, news of it spreading etc could have the opposite effect.

I’m just going to keep averaging down on stocks that I plan to hold for at least the next decade, and bulk up my indexes also.

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Very unlikely to be anything in this vein for a while. Remdesivir is being tested, but results aren’t expected unti April, and there’s no chance it’ll be approved for human usage that fast, so it can’t be sold.

Hotter weather is probably going to do the job before a vaccine passed regulatory barriers.

I didn’t sell so far. Also didn’t buy gold because it drops suddenly when markets go up.

The day started for me with Greatland Gold rallying whilst more standard stocks like Ceres or the Global Clean Energy ETF plummeted, then it reversed - a sign of somewhat returning confidence that people are moving out of gold and back into normal stocks, or just a coincidence and/or based on limited data. Interesting nevertheless.

US premarkets are 0.3-0.5% green, if they can close green it’s an early symbol that yesterday’s selling might have been a bit much.

I believe it’s more likely to be this :slight_smile:

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Oh man, I love Ramp Capital.

Easily one of the most entertaining twitter accounts ever.

Chinese companies showing relative strength vs US markets

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Interesting read:

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