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Post by moonraker on Feb 28, 2020 8:41:01 GMT
I admit to not having read much of this thread and I may be forgiven for not trawling back through 34 pages, so I don't know if anyone else has made the following observation.
It's going to be easy for the economic disturbance of Coronavirus to be used to mask any economic disadvantages there may be of Brexit. (And I'm agnostic about whether Brexit will be a good or bad thing in the sort, medium and long terms - but that's not a discussion for this thread.) And it's going to be very difficult to assess accurately the proportions of blame. Further, if Brexit was going to provide economic benefits these are likely to be reduced by Coronavirus.
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one21
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Post by one21 on Feb 28, 2020 8:43:09 GMT
Not sure if this has been mentioned previously but if pneumonia is the main cause of fatality with this virus couldn't a pneumonia vaccine be given. Or is this too simplistic.
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hazellend
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Post by hazellend on Feb 28, 2020 8:45:17 GMT
Not sure if this has been mentioned previously but if pneumonia is the main cause of fatality with this virus couldn't a pneumonia vaccine be given. Or is this too simplistic. Far too simplistic.
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adrianc
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Post by adrianc on Feb 28, 2020 9:19:36 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!) I'm really wavering... Cut losses and sell, or buy in? That Worldometer link from a page or two back gives me a fairly serious lean towards buying. Not sure if this has been mentioned previously but if pneumonia is the main cause of fatality with this virus couldn't a pneumonia vaccine be given. Or is this too simplistic. AIUI, there is no such thing. There are vaccines against pneumococcal virii, which are one of the causes of pneumonia, but that's a very different thing to "a pneumonia vaccine". Pneumonia is simply an infection on the lungs, causing them to fill with fluid. There are a myriad of causes. A friend of mine went into hospital with (suspected?) pneumonia yesterday.
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Post by Please turn me over on Feb 28, 2020 9:23:56 GMT
Amusing  and concerning  at the same time. Dog in Hong Kong tests positive for ‘low level’ of coronavirus nypost.com/2020/02/28/dog-in-hong-kong-tests-positive-for-low-level-of-coronavirus/ “At present, the [Agriculture, Fisheries and Conservation Department] does not have evidence that pet animals can be infected with COVID-19 virus or can be a source of infection to people,” Hong Kong’s government said in a press release. The dog has been quarantined in an animal shelter that is holding no other animals. |
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registerme
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Post by registerme on Feb 28, 2020 9:34:12 GMT
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Post by Please turn me over on Feb 28, 2020 9:41:14 GMT
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r00lish67
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Post by r00lish67 on Feb 28, 2020 9:44:20 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!) I'm really wavering... Cut losses and sell, or buy in? That Worldometer link from a page or two back gives me a fairly serious lean towards buying. Just pondering that myself (although not considering selling). I suppose it boils down to asking myself which would least hurt. If I buy now and the market falls another 40%, or if I don't buy now and we're 25% up and rising by Autumn. Decisions, decisions.....
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adrianc
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Post by adrianc on Feb 28, 2020 9:54:05 GMT
A friend of mine went into hospital with (suspected?) pneumonia yesterday. I do hope it's pure coincidence that the first Welsh confirmed case has just been announced...
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rogedavi
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Post by rogedavi on Feb 28, 2020 10:01:12 GMT
I sold 90% of my holdings last week. None of that was down to judgement. I did it solely because I received a notification that Vanguard had launched their SIPP so I instigated a transfer and transferred my holdings to cash in preparation for the transfer. I also went a bit nuclear with the selling button and got rid of my non-ISA/SIPP holdings as I'd reached the capital gains limit.
I cannot believe my luck. Dodged a bullet.
Fwiw, Im buying back 50% of my portfolio at these levels. The bottom may not be in, but generally buying the dip has worked out pretty well.
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Post by dan1 on Feb 28, 2020 10:15:32 GMT
The theory goes that humankind needs a pandemic or two to control population growth and cull the weak, thereby improving the resilience of the population that survive to the benefit of future generations. As unpalatable as that may seem I do wonder whether it applies equally to our capitalist economies where zombie companies persist on a neverending diet of cheap debt.
Long term a pandemic may help us fight climate change and prevent our economies from falling into long periods of stagnant growth.
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cb25
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Post by cb25 on Feb 28, 2020 10:18:25 GMT
The theory goes that humankind needs a pandemic or two to control population growth and cull the weak, thereby improving the resilience of the population that survive to the benefit of future generations. As unpalatable as that may seem I do wonder whether it applies equally to our capitalist economies where zombie companies persist on a neverending diet of cheap debt. Long term a pandemic may help us fight climate change and prevent our economies from falling into long periods of stagnant growth. If markets crash, I suspect central banks will make money even cheaper. Lack of imported parts may well take zombie companies down, but I can't see it being higher interest rates any time soon.
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registerme
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Post by registerme on Feb 28, 2020 10:20:51 GMT
./shakes head in disgust 
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hazellend
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Post by hazellend on Feb 28, 2020 10:37:12 GMT
I'm really wavering... Cut losses and sell, or buy in? That Worldometer link from a page or two back gives me a fairly serious lean towards buying. Just pondering that myself (although not considering selling). I suppose it boils down to asking myself which would least hurt. If I buy now and the market falls another 40%, or if I don't buy now and we're 25% up and rising by Autumn. Decisions, decisions..... I have a lump of cash to bid on a plot of land on Tuesday. If I don’t win the bid that money is going straight into VWRL. I don’t see it as losing money, I see it as a great opportunity to buy at even lower prices compared to 20 + years time. Sure, I wish I could have perfectly timed the market like mrclondon but I still don’t feel it’s genuinely possible. The time to panic sell was 1 week ago at the top of the market.
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Post by dan1 on Feb 28, 2020 10:44:29 GMT
The theory goes that humankind needs a pandemic or two to control population growth and cull the weak, thereby improving the resilience of the population that survive to the benefit of future generations. As unpalatable as that may seem I do wonder whether it applies equally to our capitalist economies where zombie companies persist on a neverending diet of cheap debt. Long term a pandemic may help us fight climate change and prevent our economies from falling into long periods of stagnant growth. If markets crash, I suspect central banks will make money even cheaper. Lack of imported parts may well take zombie companies down, but I can't see it being higher interest rates any time soon. I'm not really talking about a market crash but an economic collapse. And just to be clear, from where we are now I don't think this virus will do the job. Anyway, it's not about imported parts and/or interest rates, those are second order effects, it's about how businesses can adapt to the new normal - to put it in corporate speak, how "agile" is that business <---- bugbear of mine, since when did the corporate world get to redefine the meaning of "agile". I digress.... a simple example, all those businesses that discouraged working from home, flexible arrangements, and instead cramming their staff into ever tighter offices may be the first to fall. The likes of Chevron may survive. Well, that's my hope
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and concerning 
at the same time.
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