Do you think XOM is going to the low 50s? I bought some at 70 a year ago 
and don’t know if the bottom is in yet. Sounds like it’s not.
There is a green trend. Sell oil buy Tesla crowd . Won’t last. Oil will be needed at least for the next 50 years. EVs and solar might be 20% of the demand by 2030. But oil and gas will be needed for a long time.
3 Likes
The crash might be coming?
So you know? Are you part of the orchestra?
So far feel like a rotation. Today cloud stocks are punished while semiconductors, China and mega caps are doing well. Before that, cloud stocks did very well while mega caps and semi tumbled. I have all these categories 
Today MU and IQ bought last week shot up, so I take profit Plough some to cloud stocks. Keep the rotation going Some cloud stocks are recovering.
Still waiting on 2 sets of Air Pod Pros.
Cancel them and use the money to buy one share of TSLA. 
https://www.taiwannews.com.tw/en/news/3871594
Another strange phenomenon that netizens have noticed is the mortality rate, as the government death tolls are routinely maintaining an exact percentile for days on end. Many noticed that in the early days of reporting, the government put the death rate at 3.1 percent.
Jan. 22: 17 deaths / 542 infections = 3.1 percent
Jan. 23: 26 deaths / 830 infections = 3.1 percent
Jan. 24: 41 deaths / 1,287 infections = 3.1 percentBy late January, the government apparently decided to set the new official mortality rate at 2.1 percent. As can be seen in the image below, the mortality rate was kept at a precise 2.1 percent, regardless of the numbers from Jan. 30 to Feb. 3:
1 Like
My pet theory why US market is shrugging off the virus so far is because we are still very much in a trade war with China. Market had already priced in the worst and the last 6 months has been busy rallying as the worst didn’t happen.
This theory has no prediction value. It’s just very much BS’ing.
If the trade war didn’t convince a company like Apple to actively diversify their supply chains, the virus threat should finish the job. It also shows a deeper rot and lack of capacity in the Chinese state than previously acknowledged.
Another example of supply chain disruptions:
1 Like
I think it’s more related low to negative interest rates and unlimited quantitative easing from all the major central banks. The grand experiment!
Looks like the internet will spread a fear virus worst than the real thing. This will affect all stocks sooner than later. I have seen videos of dead bodies just laying on the streets.
1 Like
Keep an eye on number of daily confirmed cases. One day doesn’t make a trend and like Patrick said the Chinese may simply be behind in confirming new cases.
If we have a few more days where the number of newly confirmed cases drops the market will rally. (Well maybe it already does.) It won’t wait for the end of the epidemic.
Newly confirmed cases rose by 3,143, a second consecutive daily drop
Ready for takeoff? 
Or a few more days for confirmed trend? 
From Taiwan or HK don’t bother.
Well… Qn is if the threat is so small why did USA and other countries stop flights? Why did China build 1 hospital and building another in 15 days ? Why have they shutdown cities with 50 million plus combined populations?
It’s possible those numbers in the newspaper are incorrect, but the actions by the Chinese govt and other countries show the threat might be more than they are revealing.
No intelligent Chinese blindly believe the CPC versions, whether they live in china or abroad.
1 Like
There are definitely huge risk and threat. I believe those actions do decrease the worst case scenario substantially.
I guess most people in market have an investment horizon longer than a year or so. If the virus would eventually subsided in summer (like most of the previous epidemics did), the market would have gone up anyway by then. If not, the world would have been in great trouble anyway and you may have your money in bank, but with the virus, those money would not able to help you much, so why not losing them as well 
1 Like
Stocks are all about fear and greed(bear/bull). The current market is excessively greedy. Fear of just about anything could turn it around quick. The news media is the biggest fear monger around. CNBC had a big long coronavirus story today. The worst modern pandemic was the Spanish flue. Killed 20million . SARS which killed 500 caused a lot more fear. The modern media creates a lot of fear and chaos. Probably why the Chinese police tried to stop the first rumors.
1 Like