Discussion in 'Stocks & Derivatives' started by ozcopper, Feb 24, 2020.
It's ok though, I got 50 packets of toilet paper. I'll be fine.
US stock futures hit 'limit down' after Fed cuts interest rate to zero
Investors were un assured by news that the Federal Reserve is cutting interest rates to zero. US stock futures dropped 5% Sunday evening, hitting the "limit down," meaning they can't fall any further. More
The figures coming out of China confirm what most could plainly see. Production was down 25%. Actually I expect these % will get worse before improving. China is trying to get back on track but it is stuck between getting going and another outbreak.
I don't believe there are no new cases in China. Businesses won't let you have paid leave or "work from home" for more than 2-3 months even if they can afford it. Rent, salary, loans still need to be paid in full when people "work from home" while sales drop 50%.
Expect bank failures or draconian capital controls.
What they are experiencing will be the same everywhere in the world until a vaccine is found.
If China relaxes social distancing at work or public than the next outbreak could be in Shanghai or Beijing from a concert, a festival, a local restaurant or temple/church.
When Australia gets to China/Korea level containment.... We in Australia won't be going back to our normal way of life either, packed friday night drinks, movies will still be shut, there weren't be any fans at footy or cricket, no festivals, no new year fireworks, no fancy weddings, celebrations in gatherings etc etc.
Its going to be a simpler life for a few months - enjoy it.
Totally agree. This will happen globally.
True, but in context to the ASX we have some ways to go down.... make sure to be in before the vaccine is announced
I expect this to run until the third quarter next year with a total loss on the market of 50-60%.
title need to change
Dow down 2000
I'm afraid this beer virus is much more than a media sensation
Nah, people are making it more.
One good thing to come from it is that it has made climate change redundant - no one ever changed their behaviour to bat-shit crazy in the face of climate-change-armageddon.
Actually, most didn't change their behaviour at all, except for maybe a little bit of virtue signalling.
It's the real deal. I don't believe it is just a recession or "stock market event". Bank capital controls will be coming. I'm still thinking about how to handle this - silver, can't buy much, gold, too expensive, stocks, likely to fall more, what to do with the fund?
Bury the metals and buy rice and flour.
Already over half way there in 15 trading days.
Copper is really strong in comparison to all other markets. Anyone knows why? Buildings half built still need to be completed?
What if they lockdown all the supermarkets due to social distancing, and we have to hunt for our own food?
I don't even know where dorito's live? And I have no idea where beer grows either!
Maybe this is the solution...Wonder if I can train my chickens... Mmmmmm
My beer grows in my wife’s purse. If that’s any help.
Doesn’t mean your beer grows there too though.
The worst part of it is these know nothing politicians thinking they know something.
The sooner they get out of the way the sooner this virus can run its course.
Why make it take years?
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