Liquidate entire portfolio until virus is over?

Thrugelmir

JohnRo said:

MK62 said:

Alexland said:

JohnRo said:

I realise this isn't on message for some in here

I agree some posters on this thread seem unduly pessimistic focusing on the worst case possibilities. In 20 years we will look back at this and go 'yeah that happened, people died, then for most people life carried on'.

While that will hopefully be the case for the majority, sadly many will probably never be able to see it that way......

That will be the case for the vast majority...

The current total number of cases equates to 87 people in every 1,000,000  Currently 288 in the UK. Italy 1,529. Spain 1,685. USA 374

The current deaths attributed to Coronavirus equate to 4 people in every 1,000,000  Currently 18 in the UK. Italy is 166. Spain 140.  Even the USA is already 7. Netherlands 45. Belgium 37. Switzerland 34. 

A sense of perspective is important.

In 2017 approx 56 million people died.

Investors should stick to the long term plan and take this crisis in their stride.

Like investing. Good research pays dividends. The peak has yet to come globally. With it maximum investor pessimism.. 

StevieJ

Nomura says the effects of the pandemic will be an economic hit “multiple times that of global financial crisis”.

https://www.thetimes.co.uk/edition/business/unemployment-to-double-as-coronavirus-ravages-economy-g8ljhgjdj

BrockStoker

This will get a lot worse than most people (and US politicians) realise. 3 million unemployed in one week in the world's largest economy?

When the crisis is over people will get back to work pretty quickly I would think. What is going on now is just a temporary "blip", albeit at a hefty cost to the economy/economies.

MK62

JohnRo said:

MK62 said:

Alexland said:

JohnRo said:

I realise this isn't on message for some in here

I agree some posters on this thread seem unduly pessimistic focusing on the worst case possibilities. In 20 years we will look back at this and go 'yeah that happened, people died, then for most people life carried on'.

While that will hopefully be the case for the majority, sadly many will probably never be able to see it that way......

That will be the case for the vast majority...

The current total number of cases equates to 87 people in every 1,000,000

The current deaths attributed to Coronavirus equate to 4 people in every 1,000,000

A sense of perspective is important.

In 2017 approx 56 million people died.

Investors should stick to the long term plan and take this crisis in their stride.

Perhaps if the numbers stayed that way........but your stats are already out of date......and getting worse. Each death does not just affect one person.......

JohnRo

Thrugelmir said:

JohnRo said:

MK62 said:

Alexland said:

JohnRo said:

I realise this isn't on message for some in here

I agree some posters on this thread seem unduly pessimistic focusing on the worst case possibilities. In 20 years we will look back at this and go 'yeah that happened, people died, then for most people life carried on'.

While that will hopefully be the case for the majority, sadly many will probably never be able to see it that way......

That will be the case for the vast majority...

The current total number of cases equates to 87 people in every 1,000,000  Currently 288 in the UK. Italy 1,529. Spain 1,685. USA 374

The current deaths attributed to Coronavirus equate to 4 people in every 1,000,000  Currently 18 in the UK. Italy is 166. Spain 140.  Even the USA is already 7. Netherlands 45. Belgium 37. Switzerland 34. 

A sense of perspective is important.

In 2017 approx 56 million people died.

Investors should stick to the long term plan and take this crisis in their stride.

Like investing. Good research pays dividends. The peak has yet to come globally. With it maximum investor pessimism.. 

As we all know cherry picking data can tell just about any story you choose to narrate.

Countries with relatively small, high density populations are tending to skew the percentage numbers, why exclude China though where new cases are now currently falling?

I realise there will in all likelihood be a second and third wave and things could get worse if it mutates but the fact remains a tiny fraction of the global population are being directly affected by the virus itself.

I am not belittling the seriousness of the situation if that is the impression given.

Thrugelmir

BrockStoker said:

This will get a lot worse than most people (and US politicians) realise. 3 million unemployed in one week in the world's largest economy?

When the crisis is over people will get back to work pretty quickly I would think. What is going on now is just a temporary "blip", albeit at a hefty cost to the economy/economies.

Estimated direct job losses in the Travel and Leisure Industry in the short term globally have been put at 50 million. Europe as a whole is primarily service industry based. 

JohnRo

MK62 said:

JohnRo said:

MK62 said:

Alexland said:

JohnRo said:

I realise this isn't on message for some in here

I agree some posters on this thread seem unduly pessimistic focusing on the worst case possibilities. In 20 years we will look back at this and go 'yeah that happened, people died, then for most people life carried on'.

While that will hopefully be the case for the majority, sadly many will probably never be able to see it that way......

That will be the case for the vast majority...

The current total number of cases equates to 87 people in every 1,000,000

The current deaths attributed to Coronavirus equate to 4 people in every 1,000,000

A sense of perspective is important.

In 2017 approx 56 million people died.

Investors should stick to the long term plan and take this crisis in their stride.

Perhaps if the numbers stayed that way........but your stats are already out of date......and getting worse. Each death does not just affect one person.......

At time of posting they are the current stats, like it or lump it. They aren't 'out of date'

Thrugelmir

JohnRo said:

Thrugelmir said:

JohnRo said:

MK62 said:

Alexland said:

JohnRo said:

I realise this isn't on message for some in here

I agree some posters on this thread seem unduly pessimistic focusing on the worst case possibilities. In 20 years we will look back at this and go 'yeah that happened, people died, then for most people life carried on'.

While that will hopefully be the case for the majority, sadly many will probably never be able to see it that way......

That will be the case for the vast majority...

The current total number of cases equates to 87 people in every 1,000,000  Currently 288 in the UK. Italy 1,529. Spain 1,685. USA 374

The current deaths attributed to Coronavirus equate to 4 people in every 1,000,000  Currently 18 in the UK. Italy is 166. Spain 140.  Even the USA is already 7. Netherlands 45. Belgium 37. Switzerland 34. 

A sense of perspective is important.

In 2017 approx 56 million people died.

Investors should stick to the long term plan and take this crisis in their stride.

Like investing. Good research pays dividends. The peak has yet to come globally. With it maximum investor pessimism.. 

As we all know cherry picking data can tell just about any story you choose to narrate.

Countries with relatively small, high density populations are tending to skew the percentage numbers, why exclude China though where new cases are now currently falling?

I realise there will in all likelihood be a second and third wave and things could get worse if it mutates but the fact remains a tiny fraction of the global population are being directly affected by the virus itself.

I am not belittling the seriousness of the situation if that is the impression given.

Wuhan is a City of 11 million people. High density. Lets just say there's plenty already circulating to suggest that the figures do not compute. Wuhan remains in lockdown. Allowed in but nobody out. 
Cities are worst affected obviously. New York plus surrounding area , and California account for 45% of US GDP. 

BrockStoker

things could get worse if it mutates

Thankfully it's looking like covid-19 is less prone to mutation that common flu, according to a recent paper. This is great news, and should mean if we can defeat the current outbreak, then we should get back to relative normal fairly quickly.

Thrugelmir

BrockStoker said:

This will get a lot worse than most people (and US politicians) realise. 3 million unemployed in one week in the world's largest economy?

When the crisis is over people will get back to work pretty quickly I would think. What is going on now is just a temporary "blip", albeit at a hefty cost to the economy/economies.

Hire and fire culture no employment protection. 10 days leave a year including sick days for many. The US may have more than economic impacts to contend with. A vast social divide. Hence Trump's rush to buy up helicopters.