benaj
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Post by benaj on Feb 27, 2020 16:31:18 GMT
Anyone buying the dip as of yet? I'm after some more VWRL. Despite the big falls this week though, we're still only 9% off the top and where we were back in late October 2019. I might regret this, but will wait some more before starting to buy more I think. It fell by a similar % in late 2018 for practically no reason whatsoever, so seems a bit early to be buying for this situation. (totally aware that this is me market timing as much as those deciding when to sell. At least I'm still happy with staying put at current allocations if rqd!) What about the weight @wallstreet talking about?
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Post by bracknellboy on Feb 27, 2020 16:42:37 GMT
Local Tesco, Boots and all high street chemists totally sold out of hand-sanitizing gel. It has begun... yep, been asking my other half for a few days to go buy some (we are down to 2 half bottles) as I was travelling around. She forgot. I tried this morning at Tesco's: out of stock.
I don't think that by the way (buying sanitizing gel) is "panicking": Its sensible behaviour. If people then use it rather than stick it in a cupboard.
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Post by wiseclerk on Feb 27, 2020 16:47:57 GMT
Anyone buying the dip as of yet? Nouriel Roubini expects markets to drop 30-40 percent due to corona. That dimension would be my guess too. Obviously it's just a guess.
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Steerpike
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Post by Steerpike on Feb 27, 2020 16:50:08 GMT
My SIPP has lost half the gains made since December 13th 2019 and I am not selling or investing at the moment.
Gains on gold, precious metals, and bonds are not quite matching the losses on large-cap, small-cap and emerging markets.
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r00lish67
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Post by r00lish67 on Feb 27, 2020 16:53:59 GMT
Anyone buying the dip as of yet? Nouriel Roubini expects markets to drop 30-40 percent due to corona. That dimension would be my guess too. Obviously it's just a guess.
Yes, I saw that too - could well do, who knows. Although, since his golden moment in 2008, he has predicted 12 of the last zero recessions..
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dovap
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Post by dovap on Feb 27, 2020 16:56:42 GMT
and a bigger shock to the market is the US-Iran war & Trump defeat he's also predicting.
So stocks will be pretty much free by the sound
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Post by southseacompany on Feb 27, 2020 16:59:05 GMT
Anyone buying the dip as of yet? Yes; I just bought a small bunch of Intel. Granted, that was to close a short position (which I've disclosed earlier in this thread), which had a percentage gain in the double digits since I opened it last week. That takes my semiconductor sector weighting (to put it in @wallstreet 's preferred terms) from -5% to 0%. Overall, I remain net short due to my position in HLT (also disclosed earlier). Considering the forum we're in, are you guys making significant adjustments to the P2P side of your portfolio? Many of the eurozone platforms list consumer loans from countries that might be facing distress due to pressure on export industries, even if the virus doesn't spread widely in them. For example, the highest interest rate available on Mintos and Twino is from Kazakhstan (largest trade partner: China). Mintos also has consumer loans from the Philippines (two largest export destinations: China and Hong Kong), Vietnam (4 of 5 largest export destinations: China, Japan, South Korea, Hong Kong) and Indonesia (largest trade partner: China). Of course, if the pandemic spreads widely through Europe, a similar level of risk will soon apply to most platforms and originators.
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Post by wiseclerk on Feb 27, 2020 16:59:19 GMT
Nouriel Roubini expects markets to drop 30-40 percent due to corona. That dimension would be my guess too. Obviously it's just a guess.
Yes, I saw that too - could well do, who knows. Although, since his golden moment in 2008, he has predicted 12 of the last zero recessions.. I thought he predicted the consequence of the Greek program too but I may remember that wrong.
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Post by wiseclerk on Feb 27, 2020 17:03:58 GMT
yep, been asking my other half for a few days to go buy some (we are down to 2 half bottles) as I was travelling around. She forgot. I tried this morning at Tesco's: out of stock. I don't think that by the way (buying sanitizing gel) is "panicking": Its sensible behaviour. If people then use it rather than stick it in a cupboard.
Talk about stocking up. When I was shopping today, shelves in supermarket and ALDI for non-perishable food like cans, pasta and rice was considerably less stocked than usual. They were not empty, but I never saw anything like this. And we are not living in a location that is overly affected. Nearest reported cases are >100km away.
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Post by Deleted on Feb 27, 2020 17:08:36 GMT
China quarantining arrivals from Iran. The irony...
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Post by bracknellboy on Feb 27, 2020 17:17:39 GMT
"The BBC's Newsnight programme understands that the Cabinet Office has been in contact with local authorities about their preparedness, specifically with regard to their “Excess Death Contingency Planning”. This includes, among other things, where local authorities might locate new, and perhaps mass, burial sites, should they be needed.
Nice naming, right out the Ronseal locker of marketing. Still, seems to lack the normal govt. doublespeak spin: what happened to cabinet office oversight on messaging ? Shouldn't it be more like "Reduced Excess Longevity Planning" ? Or "Imminent Lifsepan Acturial Adjustment Planning ?"
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scc
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Post by scc on Feb 27, 2020 17:19:21 GMT
I believe lifespan challenged is the politically correct term.
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r00lish67
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Post by r00lish67 on Feb 27, 2020 22:29:34 GMT
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Post by dan1 on Feb 27, 2020 22:38:32 GMT
Rhetorical question time....
Q. Why is it proving difficult to contain this virus?
A. Greed+
+Those familiar with the FS board may recognise my simple answer to all ills <---- quite literally as in the case of this situation!
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Post by Deleted on Feb 28, 2020 0:04:38 GMT
www.independent.co.uk/news/health/coronavirus-uk-deaths-nhs-intensive-care-flu-wise-men-protocol-a9361916.htmlThe medics spoke out amid frustration over what one said was the government’s “dishonest spin” that the health service was well prepared for a major pandemic outbreak.A selection of comments from NHS medics: “We barely coped with a standard winter – which helpfully had an early flu spike, so everything didn’t hit at once – the idea that we can cope with a pandemic is nonsense.”
The reduction in UK intensive care beds in recent years “was scandalous”.
"There just isn’t any slack in the system. We are grossly under resourced.”
Asked about the government’s claim the NHS is well prepared they said: “It is dishonest. I hear them say the NHS is well prepared. We are not well prepared, it is media spin."
“As an NHS we would crumble under the weight of those who need critical care.”
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