What am I missing here about the market's reaction to the Novel Corona (Wuhan) Virus?

marcus335 · February 27, 2020, 8:01pm

PANW was down big after their earnings.

hanera · February 27, 2020, 8:22pm

I bought around $191 and sold today around $195. Scalps to make me happy.

manch · February 27, 2020, 11:06pm

Updated chart. We are down 12% and counting.

manch · February 27, 2020, 11:12pm

hanera · February 27, 2020, 11:31pm

Notice FAAMG and Indices fell around the same percentage? Make you wonder why is it necessary to own more than 1 of the group Anyhoo I own two, S&P index fund/ETFs and AAPL.

manch · February 27, 2020, 11:36pm

No love for Netflix? People were busy writing it off because of Disney streaming, remember?

Hasn’t done too badly lately.

hanera · February 27, 2020, 11:41pm

No. I know you write off my IQ investment

Ironically I have sold down from over 2500@$27 to 300 shares, hoping to buy back @$23. However I didn’t sell the losers BABA and BIDU Now my option portfolio is red because of these two losers

manch · February 27, 2020, 11:46pm

Ironically China is slowly bouncing back but Korea and Italy are dragging the market down. Nobody cares about Italy but Korea is where a lot of our semis are made.

hanera · February 27, 2020, 11:49pm

Buy MU and NVDA! Wait, are you saying the foundries are in S Korea? Then buy TSM or INTC - both have foundries right?

manch · February 28, 2020, 1:16am

Samsung does a little bit of foundary work but market share is much smaller than TSMC. Korea makes a crap load of other components like DRAM, NAND and display panels. Incidentally Wuhan is also the center of china’s semi industry. AMD is off 25% from its high already.

hanera · February 28, 2020, 2:05am

That means businesses can only buy from MU

caiguycaiguy · February 28, 2020, 5:30am

Elt1 · February 28, 2020, 5:43am

Scary stuff

manch · February 28, 2020, 5:59am

caiguycaiguy · February 28, 2020, 6:21am

caiguycaiguy · February 28, 2020, 6:38am

Jil · February 28, 2020, 6:41am

Jil · February 28, 2020, 6:42am

Elt1 · February 28, 2020, 6:52am

Time to get rid of tariffs. The world economy needs no more drags on growth.

Here is Trump 33 years ago. Seems a lot more articulate than today

manch · February 28, 2020, 7:04am

• Surprisingly, China’s stock market “is the world’s best performer, thanks in part to massive fiscal stimulus in response to last year’s trade war and this year’s virus epidemic,” David Goldman observes in the Asia Times. The U.S. and other G7 nations should bring out their cannons with massive fiscal - not monetary - stimulus, such as immediate suspension of tax payments and social insurance payments, he urges.

• Yes, the Fed should cut rates substantially, but mostly for the psychological impact, because lower rates “won’t increase borrowers’ ability to post collateral or bankers’ willingness to make loans.”

• While politics could interfere, Goldman thinks “it would be awkward for the Democrats to oppose a Trump Administration initiative to put money in the pockets of the poorest Americans and to aid small businesses, who employ the vast majority of Americans.”

• “Natural disasters delay economic activity but do not change the economy’s long-term growth potential,” he writes. “The economic impact of Covid-19 stems from preventative measures, which temporarily suspend economic activity. Governments should step in and provide a fiscal bridge. This is no different than storm or flood damage.”