Guys - The USA and global community is going to need to diversify the global supply chain after this. With China making 80% of all our medicines plus many of the precursors, and China being the world's factory, this virus is exposing a major vulnerability. We should think about longer term plays based on this. Moving some production back home, transporting goods from other nations, there will be a lot of changes if we want to avoid the exposure we're dealing with right now.
Those Chinese internet stocks are holding up better than the overall market, guess they are benefiting from the Chinese staying at home
Transports, Industrials and banks getting hammered Not sure if the jobs report will matter. If it is good people probably say it is backward looking and if it is bad then they will say the slowdown is for real Not sure the worries for the market will ease until we see some solid data for March
A few thoughts on medium/long-term plays. 1. Bearish on airlines. Kind of goes without saying, but there's more issues than just not traveling right now. Frequent flyers for example will fall out of the higher elite tiers, which drives a lot of business. Airline employees will probably be infected at a higher clip than the average person as well. 2. Bullish on teleconferencing and streaming services. More and more people quarantined, told to stay home and work, etc. Conference calls will be plentiful, as will streaming shows/movies while people pretend to work. 3. Bearish on any retail type stores. I'd imagine more people than usual, which is already very rapidly growing, will be buying online. 4. Can't decide if I'm bullish or bearish on fast food restaurants. It seems like people may not want to be getting out of there cars to grocery shop or eat at a sit-down restaurant (obviously we're talking just a few % of people to make a big difference). However, it also seems like they may not want to risk someone else making their food. 5. Obviously bullish on cleaning supplies/hygiene products, even longer term because I think it will be eye opening to a decent % of people how little they "wash themselves" throughout the day. 6. Bearish on casinos. Many have locations in China. Besides just that, large gatherings of people will be avoided by enough that it will be reflected in the numbers. I could go on, but that's enough for now. I'm sure most have been discussed already, but oh well.
Stay healthy everyone. While you should be able to recover from the coronavirus if you are a healthy adult, please don't underestimate it and feel like it is just another flu. It seems to be very contagious and if one person gets it, it spreads to everyone else very quick
haha this is just par for the course now i wonder what a real panic selloff would be like now. would we be talking about a -1,500 or dare i say even -2,000 handle decline in the DJ30? not sure if we can even fall that much in a day without setting off the circuit breakers
Haha yeah I was thinking about something close to -2K in a day to wash everyone out, then maybe we hit the short term bottom.
If the coronavirus spreads in America, food delivery companies could see a surge in demand — are they ready? https://www.marketwatch.com/story/i...e-a-surge-in-demand-are-they-ready-2020-02-28 Seems like GRUB has outperformed during the selloff. It has been a pretty lousy investment for investors though
lol, how funny, OPK, a stock i use to love back in 2016, practically died, but i still kept up with it, and that payed off today....they are now part of the coronavirus play, haha. wow, how fate works. so of course i got in as soon as the news broke , already up 10% on my position lol. will be interesting to see how far this runs.
ive been in Luckin Coffee(LK) since the sell off started, that stock has held up amazingly well. its my strongest position by a mile lol.
tomorrow morning we get the feb. nfp read, not too sure if that will mean much for the market as i believe the survey period for that # ended just about the same time that covid-19 really started to make news in the u.s. (in other words -- it maybe won't show up in this #). we'll see. speaking of...i forgot to make that poll! i'll get on that momentarily
Yeah I sold it during the selloff for a profit. Would have made more if I held the shares The Chinese stocks trading here seem to be holding up better than the US stocks during this selloff
here we go if anyone wants to play for the fun of it! https://www.stockaholics.net/thread...-february-2020-non-farm-payrolls-report.9569/ should be interesting to see what kind of predictions we get in there
very true. i wonder if its because china has it "under control"? maybe china is peak CV? either way its still bizarre to see the market selling off and chinese stocks holding up, since usually those stocks are the first ones to take the hit, its weird lol.
hah, i just remembered that tomorrow marks the 11-year anniversary of the infamous 666 on the cash spx (aka, the bear market low of the great financial crisis). i actually was able to upload that video again on my new youtube account, not sure if this vid works for you guys, but it is set to private so youtube doesn't come calling to terminate my account again happy (early) 11 year anniversary everyone!
hmm, crap looks like the video won't embed into the forum here unless it did? can anyone tell me if it did? thx!
