Squeaky bum time!

michaels

m_c_s said:

ratechaser said:

m_c_s said:

A lot depends on how the US reacts from a fiscal perspective. Ofcourse it is a medical issue but the markets are pricing in recession and at the moment it is not known whether it will be a wide spread deep global recession or just a significant drop in global growth. The US fiscal stimulus is still being agreed between Trump and Pelosi but its size will most likely be enormous -possibly trillions of $s. That may stabilise the markets somewhat but clearly won't change the medical situation. 

$1.5 trillion in measures and it's barely had an impact. Maybe trump should have just handed it out in tax cuts, might have had more effect in improving his re-election hopes right now...

This is only part of the stimulus. Trump and Pelosi have not agreed on the major part yet. Will probably be a few trillion $s which may include more tax cuts.
Trump may use Presidential national emergency powers to bypass congress anyway in which case it will be tax cuts a plenty.

Problem is fiscal policy is about making more bits of paper available and monetary policy about how much those pieces of paper cost.  No one really cares when they think going out might cause them to catch something that will kill them.  With the new plastic bank notes they don't even make decent toilet paper.

[Deleted User]

coyrls said:

Deleted_User said:

For all we know, in a month we could have a vaccine, a drug or an efficient instantaneous test which would allow to pinpoint and isolate all the carriers and stop the spreading. Or not. We don’t know.

I would say, even in the current state of uncertainty, we do know that none of those things are going to happen in a month.

Perhaps not. Maybe something else will happen that will stop the spread in its tracks quickly. It’s a big problem for everyone right now. When that happens, solutions are often found quicker than we expect 

Bravepants

I read that a vaccine could be available by the middle of next year.

[Deleted User]

All I am saying is that at some point the factor of “surprise” will be to the positive. And it can be sooner than the forecasters think. Otherwise it won’t be a surprise 

happyandcontented

We have just had a letter from HL to say that our investments have lost 13.6% since Feb 1st.

Slinky

happyandcontented said:

We have just had a letter from HL to say that our investments have lost 13.6% since Feb 1st.

I feel and share your pain.

vulcanrtb

Twitter is full of people scoffing at 'rich people' losing money on their stocks and shares. I've educated a few. It's amazing how many people have no idea that they are effectively HEAVILY invested in the stock market.

michaels

MY fund seems to be down by 21% with 8% coming off on Friday which makes me wonder when and how they do the valuation as surely Friday was an up day?

Thrugelmir

michaels said:

MY fund seems to be down by 21% with 8% coming off on Friday which makes me wonder when and how they do the valuation as surely Friday was an up day?

What's the fund in question? 

michaels

Thrugelmir said:

michaels said:

MY fund seems to be down by 21% with 8% coming off on Friday which makes me wonder when and how they do the valuation as surely Friday was an up day?

What's the fund in question? 

SW Pen Portfolio Two (issue 2)