Liquidate entire portfolio until virus is over?

worldtraveller

CLOSING NUMBERS FROM YESTERDAY:

FTSE 100 @ 5,564 - DOWN 27% FROM PEAK

FTSE 250 @ 14,625 - DOWN 34% FROM PEAK

FTSE ALL SHARE @ 3,041 - DOWN 29% FROM PEAK

DOW JONES @ 22,327 - DOWN 24% FROM PEAK

NASDAQ @ 7,774 - DOWN 21% FROM PEAK

NorthernJoe

Or a suitably re-purposed medication that reduces the severest symptoms from the infection, which may be found more quickly than a vaccine if all goes well.

Been practicing medicine for over 20 years & I can't think of a single situation where this has occurred for any viral infection 

LHW99

NorthernJoe said:

Or a suitably re-purposed medication that reduces the severest symptoms from the infection, which may be found more quickly than a vaccine if all goes well.

Been practicing medicine for over 20 years & I can't think of a single situation where this has occurred for any viral infection 

Although development of these only really began to move forward in the 1980's when genetics began to improve I believe, and we are still learning about how this new virus behaves. If a current anti-viral should prove even partially effective, it will presumably already have been determined safe for use, hence at least one stage of testing need not be repeated.

Thrugelmir

worldtraveller said:

CLOSING NUMBERS FROM YESTERDAY:

FTSE 100 @ 5,564 - DOWN 27% FROM PEAK

FTSE 250 @ 14,625 - DOWN 34% FROM PEAK

FTSE ALL SHARE @ 3,041 - DOWN 29% FROM PEAK

DOW JONES @ 22,327 - DOWN 24% FROM PEAK

NASDAQ @ 7,774 - DOWN 21% FROM PEAK

As dividends are reinvested over time becomes less and less relevant. 

kinger101

NorthernJoe said:

Or a suitably re-purposed medication that reduces the severest symptoms from the infection, which may be found more quickly than a vaccine if all goes well.

Been practicing medicine for over 20 years & I can't think of a single situation where this has occurred for any viral infection 

In those 20 years, unless you've been working in parts of Asia, you've not dealt with this type of scenario. For each individual pharmaceutical, it's a bit of a long shot, but we have more antiviral drugs available today which have already passed Phase I than at any point in the past.  And more computational biology tools to perform in-silico docking experiments to weed that number down.  And then lots of other drug candidates to for the treatment of symptoms.  Phase II/III trials are already in progress.  Whether they'll be complete before the pandemic ends is a different matter, but it's unlikely this will be the last coronavirus.

Thrugelmir

kinger101 said:

NorthernJoe said:

Or a suitably re-purposed medication that reduces the severest symptoms from the infection, which may be found more quickly than a vaccine if all goes well.

Been practicing medicine for over 20 years & I can't think of a single situation where this has occurred for any viral infection 

Whether they'll be complete before the pandemic ends is a different matter, but it's unlikely this will be the last coronavirus.

Not until China for one, changes it's culture. 

worldtraveller

CLOSING NUMBERS FROM YESTERDAY:

FTSE 100 @ 5,672 - DOWN 26% FROM PEAK

FTSE 250 @ 15,101 - DOWN 32% FROM PEAK

FTSE ALL SHARE @ 3,107 - DOWN 27% FROM PEAK

DOW JONES @ 21,917 - DOWN 26% FROM PEAK

NASDAQ @ 7,700 - DOWN 22% FROM PEAK

ProDave

Is anyone calling the bottom yet and buying back in?

JohnRo

ProDave said:

Is anyone calling the bottom yet and buying back in?

That implies buying, selling and timing. Gambling in other words, which is something this thread seems to be all about.

FWIW I haven't been gambling but did make a scheduled purchase yesterday and will make another this month and one every month thereafter, unless the virus, or far more likely something else, gets me...

Thrugelmir

ProDave said:

Is anyone calling the bottom yet and buying back in?

Waiting for the next wave of Soveriegn Wealth fund sell offs.