Lionel Hutz
Stylish Dinosaur
- Joined
- Aug 15, 2017
- Messages
- 10,603
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The market has proven to be remarkably resilient during these last 4 years, despite foreign tensions, leaving trade agreements, increasing tariffs, general bullying, a lack of authentic diplomacy, etc.
However, the "Caronavirus" is something else. Panic seems to be spreading even quicker than the virus itself.
My friend in Hong Kong says it's very real and my cousin in Italy said that people are extremely scared.
It's definitely going to get worse before it gets any better.
Still, I have a friend that booked a trip to Japan just yesterday due to cheap airfare. He told me it was so cheap. I didn't inquire about exact pricing.
If the panic takes hold, it will grip the world and squeeze tight.
Who knows how bad it will be.
I parked my investments into cash equivalents yesterday.
Time to brace ourselves.
Luckily I have my Strands on with grippy V-Tread. (Sorry no pic - I know - boooooo).
OTOH I have been building cash for just this sort of moment. I built cash between 2000-2008 and deployed it after the financial crisis and hopefully I will get another chance in the next 3-9 months. Good panics come every 10 years or so and there are always good buying opportunities in them. blood on the streets and all that