Coronavirus scare causing markets to fall

au2xr85.0 · 13-03-2020, 11:44 AM

I don't know about any others here, but i have been checking my super, so far it has not fallen, i'm in hospitality industry fund, seems to be very stable so far....

I see airfares have been slashed too... happy days, hopefully the gov drops the price of beer too

Hardtopxb · 13-03-2020, 12:02 PM

AU. Good luck with your Super, Mate. I live in Townsville. Just got back from shopping. There is no Toilet paper or tissues at all on the shelves. People are panic buying anything they think will not be available in the near future. I spoke to the lady on the checkout, she said she has never seen this panic buying before. If the Government doesn't get a grip on this we will see things get worse. The share market is undergoing a massive sellout of just about all sectors of the market. All we can do is ride this Virus out in a civilised manner not carrying on like a bunch of Pork chops. JMO.

zipping · 13-03-2020, 12:50 PM

Current market panic feels overblown. This is a short-term shock.

Asian countries show social distancing (assisted by seasonality in CVs) works.

Headlines will worsen as mass testing begins.

Take it seriously for yourself.

Don’t panic trade.

kmav23 · 13-03-2020, 01:05 PM

The next 2 months going to get bad in Australia as we hit winter flu season.

Australia will have to go into some sort of lockdown at the end of the month so the hospital are not flooded with the sick.

We can't stop nearly most people getting the virus as no vaccine for at least a year only delay it.

Going to be a tough time for the doctors and nurses.

**FairmontGS** · 13-03-2020, 05:32 PM

Quote:

Originally Posted by zipping

Current market panic feels overblown. This is a short-term shock.

Asian countries show social distancing (assisted by seasonality in CVs) works.

Headlines will worsen as mass testing begins.

Take it seriously for yourself.

Don’t panic trade.

Excellent. I was wondering who was buying the cr@p stocks I've been unloading

b0son · 13-03-2020, 01:57 PM

My super already fell $16k, that bakes in losses up to 11th March, dont know yet the situation including yesterday's (when my investment mix change was due to take effect).

superyob · 13-03-2020, 02:02 PM

I am down thousands in my accumulation accounts...

**GO FURTHER** · 13-03-2020, 02:31 PM

I saw the 2020 ~~recession~~ depression coming late last year, so moved all my super from shares to cash guaranteed.

At my age and a few years away from retirement, I'd rather see my portfolio not grow as long as I don't lose my invested capital.

I learnt my lesson during the last Australian recession of 1990, when I had most of my super invested in shares.

I lost most of my super and it has taken me the last 30 years to build it back up again.... I'm too old to start over again and wait for it to bounce back again in the usual economic 7 year cycles, so once bitten twice shy as they say.

Folks... Things are going to get ugly and very very quickly.

Had some bad news today...

My youngest daughter is a store manager at a Flight Centre branch.

Just heard on the news the shock announcement that Fight Centre is permanently closing 100 stores, and her store is affected with the travel downturn at the moment.

Its time for everyone to seriously look at their super and financial situation.

Hippy · 13-03-2020, 03:11 PM

Quote:

Originally Posted by GO FURTHER

Folks... Things are going to get ugly and very very quickly.

unfortunately .. but. stay cool...

roddy1960 · 13-03-2020, 04:52 PM

BLOODY CHINA.....They're wrecking everything around the world (even for them I guess) from their stupid virus without buying us out or going to war..

**Professor Farnsworth** · 13-03-2020, 02:14 PM

I keep a very keen eye on these things. And these things are going to get very much worse - anyone thinking otherwise is not paying attention. Stocks and shares are based on panic at their very core, on public perception and social media information in recent years. The ASX has lost over 500 billion in recent trade and is still going down. The NYSE has had it's worst trade since 1987. People are going underground and the effects will be far reaching. Companies were already going bust late last year and early this year before this virus became a real thing. You will see a lot more companies filing insolvency, shutting doors in the coming weeks and months. Travel agents, cruise liners, airlines, airports potentially, deficits will became gigantic and this is just the beginning. We may see banks and financial institutions go down. It doesn't take much. We were planning an investment property but there's no chance now in the current climate.

Feel free to come back and quote this post in six months!

b0son · 13-03-2020, 02:29 PM

Quote:

Originally Posted by Professor Farnsworth

We were planning an investment property but there's no chance now in the current climate.

We had a deposit down for an IP 3 weeks ago... cancelled this week. Crazy to commit to a mortgage now.

Hippy · 13-03-2020, 02:24 PM

your on tha ball . kudo's . recession imminent ? ..bloody glad i bought me

sic] fishing house in tha boonies .. neat joint .. no mortgage , only property .

, no payments on [Sic] second etc property ..

not greedy .. pay me rates ,, bob.s ya uncle ,, sweet..

edit ..

i feel for someone , that wants ta have ta aussie dream so ta speak .
especially families ,,

geez . what can i say .. no smilies for this ...

hayseed · 13-03-2020, 02:32 PM

Today's Panic has created some really Cheap (In my Mind) Buying opportunities..
Being trying all day to login into My Nabtrade account & place some Buy orders BUT the System has Crashed..
The cynic in me thinks that NAB shut it down to stop all the panic selling..

We live in interesting Times..

b0son · 13-03-2020, 06:55 PM

Quote:

Originally Posted by hayseed

Today's Panic has created some really Cheap (In my Mind) Buying opportunities..
Being trying all day to login into My Nabtrade account & place some Buy orders BUT the System has Crashed..

They did you a favour. This is not the bottom, not even close.

Whitey-AMG · 13-03-2020, 08:00 PM

Quote:

Originally Posted by b0son

They did you a favour. This is not the bottom, not even close.

The key here is trying to decipher which ones will rebound and which ones won’t.
A lot of businesses will not recover as they live and die quarter by quarter.

HIPO · 13-03-2020, 02:46 PM

Keen to see how the silver spot price, goes from here!

Yellow_Festiva · 13-03-2020, 06:22 PM

Sydney Easter show cancelled. Hundreds of stores closed this week. Thousands by the end of the month??

Flu shot not available till late March, or late April depending on your supplier.

Tens of thousands of staff laid off, that $750 will get them through less than a week.

Mortgages set to default, property prices dive due to mass sales of defaulted property.

Super hammered, any gains made in the last year's lost in the last weeks.

More people for the government to support with money they don't have.

I think they need to defer all mortgage repayments for the next 3 months.

If the loan is medium to long term it won't make an iota of difference now but it will give people some breathing space and allow money to be spent elsewhere.

If this doesn't make the world see what China is capable of nothing else will.

They need to remove the corrupt, secretive communist government that caused this and put in a democratic alternative.

While they are at it get bloody HK and Taiwan out of their hands.

Sent from my LG-M700 using Tapatalk

Yellow_Festiva · 13-03-2020, 07:15 PM

Quote:

Originally Posted by roddy1960

BLOODY CHINA.....They're wrecking everything around the world (even for them I guess) from their stupid virus without buying us out or going to war..

The synic in me is hoping that wasn't part of a grand plan...

When this is all over who will be the biggest winners and losers?

China always wanted world dominance, is this the genesis of something greater??

Sent from my LG-M700 using Tapatalk

**GasoLane** · 13-03-2020, 08:43 PM

Quote:

Originally Posted by Yellow_Festiva

The synic in me is hoping that wasn't part of a grand plan...

When this is all over who will be the biggest winners and losers?

China always wanted world dominance, is this the genesis of something greater??

Or did the CIA start it and it got out of hand............................as usual.

That was a joke........I think.

T3rminator · 14-03-2020, 10:29 AM

Quote:

Originally Posted by Yellow_Festiva

The synic in me is hoping that wasn't part of a grand plan...

When this is all over who will be the biggest winners and losers?

China always wanted world dominance, is this the genesis of something greater??

Sent from my LG-M700 using Tapatalk

This is funny. Western views = China created this for world dominance. Eastern views = CIA unleashed this to cripple chinas economy.

Here's an interesting fact. They still haven't identified the source animal. All tests in the market came back negative. Yes China was first to diagnose, but does that automatically mean it originated from there? Have a look at the CDC stats on "flu" in the US.
n

**GO FURTHER** · 14-03-2020, 10:50 AM

Coronavirus will bankrupt more people than it kills — and that's the real global emergency.

roddy1960 · 14-03-2020, 10:57 AM

Quote:

Originally Posted by GO FURTHER

Coronavirus will bankrupt more people than it kills — and that's the real global emergency.

Absolutely....already happening ..crippling economies everywhere.

Tickford. · 13-03-2020, 08:42 PM

I read a post the other day by an American woman who is living in Italy with her husband and kids. It paints a very ugly picture. She is begging everyone to take this serious as it is not just the elderly who are dying.

https://www.facebook.com/cristina.hi...57623212885189

Tickford. · 13-03-2020, 08:52 PM

Cannot find a straight answer to this question anywhere, so what better place to ask than a car forum.

If you get infected with COVID-19, and recover, can you get infected again? Say, for example, like chicken pox, once you've had it, you can't get infected again?

CJR09 · 13-03-2020, 09:10 PM

Quote:

Originally Posted by Tickford.

Cannot find a straight answer to this question anywhere, so what better place to ask than a car forum.

If you get infected with COVID-19, and recover, can you get infected again? Say, for example, like chicken pox, once you've had it, you can't get infected again?

https://www.stuff.co.nz/national/hea...irus-feel-like

**GasoLane** · 13-03-2020, 09:11 PM

Quote:

Originally Posted by Tickford.

Cannot find a straight answer to this question anywhere, so what better place to ask than a car forum.

If you get infected with COVID-19, and recover, can you get infected again? Say, for example, like chicken pox, once you've had it, you can't get infected again?

Apparently you can............

"Ms Honey's symptoms eventually disappeared and she returned a negative result, but she recently tested positive again.

That is consistent with reports from China and Japan of patients being discharged and then testing positive for the second time.

This could mean the virus is biphasic, where the virus lurks around undetected before recurring."

https://www.abc.net.au/news/2020-03-...virus/12026902

**GO FURTHER** · 13-03-2020, 09:14 PM

Quote:

Originally Posted by Yellow_Festiva

They need to remove the corrupt, secretive communist government that caused this and put in a democratic alternative.

Doctor Li Wenliang, the ophthalmologist, who raised the alarm in December about the coronavirus, long before the Chinese disclosed its full threat, was silenced and reprimanded by the police, for his views, and made to sign a letter that said he “was making false comments.”

When he later died of Coronavirus, he said very wisely on his death bed...

"A nation cannot have just one voice"

Yellow_Festiva · 13-03-2020, 09:22 PM

Quote:

Originally Posted by GO FURTHER

Doctor Li Wenliang, the ophthalmologist, who raised the alarm in December about the coronavirus, long before the Chinese disclosed its full threat, was silenced and reprimanded by the police, for his views, and made to sign a letter that said he “was making false comments.”

When he later died of Coronavirus, he said very wisely on his death bed...

"A nation cannot have just one voice"

Yep,

I have been a close watcher of how this has unfolded and referenced him in the other thread about Hyundai shutting down.

roddy1960 · 14-03-2020, 10:06 AM

Quote:

Originally Posted by GO FURTHER

Doctor Li Wenliang, the ophthalmologist, who raised the alarm in December about the coronavirus, long before the Chinese disclosed its full threat, was silenced and reprimanded by the police, for his views, and made to sign a letter that said he “was making false comments.”

When he later died of Coronavirus, he said very wisely on his death bed...

"A nation cannot have just one voice"

China now into blaming others for all this is probably akin to the little kid who messes the bed , tries to hide it from Mum , gets found out and tries to blame the dog who sleeps on the bed .. Why am I not surprised ?

They're not good liars ....Deal with and admit your mess China like an adult , not a crapped kid and help clean up the mess in a big way .