This will be a buying opportunity, not a selling opportunity.
Anecdotal, but FWIW the local Staples is running out of all sorts of China-sourced goods, from laptops to, well, staples. Amazon, Rakuten, and Monochord can’t be far behind.
I sold mine last week. Eyeing gold and silver and maybe some solar if they go down.
It’s going to have a major effect on travel for a long time. Who is going to want to vacation in China???
I went out yesterday and darn if I haven’t caught something. I had asians coughing around me. I should have gotten away from them.
I doubt I have the virus but knowing my luck....
So started my liposomal C zinc tumeric hydrogen peroxide in ears, thieves oil.. and every other thing to combat whatever I caught. Probably just a cold but you never know when it starts on how bad it’s going to get.
“Makes me think I should be selling some stocks.”
I bailed years ago, but my kids just bailed 2 weeks ago. At best, we’re talking major disruptions to virtually every American. At worst...I don’t want to think it.
L8r
U.S. Stock Futures (moments ago)
S&P -45.00 / -1.35% Level 3,294.25 Fair Value 3,337.64 Difference -43.39 Data as of 9:30pm ET Nasdaq -178.25 / -1.88% Level 9,279.75 Fair Value 9,452.40 Difference -172.65 Data as of 9:30pm ET Dow -388.00 / -1.34% Level 28,593.00 Data as of 9:30pm ET
Bailed a week ago.
Well I suppose there are some who are pulling for the virus to get bigger like Soros and the DNC.
At least hedge.
One can have whatever opinion they might as to this CoronaVirus. My own opinion is that it is vastly more serious than is being reported. We talk all the time on FR about you can’t trust the media. How about the Chinese media?
But stock-wise, I am of the opinion that this is going to be like Y2000 when all the tech cos reported “no visibility” (remember?) and will use Corona to mark down earnings for Q1.
Futures down 50 handles. That ain’t chopped liver.
Trump needs to give an address to the nation on this.. he needs to outline what the current impact is on the US, and what efforts are being made to stem its spread.
Personally, I es timate that the outbreak will reduce global economic growth by 100% this year, and drag Chinas annual growth 100 percentage points lower than January estimates.
International Monetary Fund warned the virus outbreak could reduce global economic growth by 0.1% this year
“U.S. stock futures sink on growing concern of outbreaks economic impact”
right. after almost completely ignoring the issue, suddenly the market decides to get concerned right when there are some signs that the outbreak may be dying down instead of turning into a worldwide pandemic ...
The hard working folks at my local Chinese food place sent out a text. I will go Wednesday. These are hard working second, third gen Chinese.
Please educate yourself on statistics, routes of transmission and keep on living. I cannot believe Americans cower in fear because the media has told us we are all gonna die. Again. Swine, bird, sars, now this...appears designed to target and kill a distinct population.
We have heard nothing from our own leadership about the ages and ethnicity of the dead. As with flu here... its more likely the sepsis from a secondary infection that kills you and only people already at risk. However, if you tell everyone the flu killed gabillions they will roll up their sleeves and submit.
Yawn. Soap and water, not fear.
“Wuflu” infects Wall Street...Dow futures down 750 points at 4:38am EST:
https://www.cnbc.com/pre-markets/
The stock market is a highly ritualized sophisticated slow motion form of gambling.