Liquidate entire portfolio until virus is over?

worldtraveller

EdGasketTheSecond said:

Why is this thread closed after only 18 posts?

https://forums.moneysavingexpert.com/discussion/6126135/is-the-government-manipulating-the-market#latest

Isn't it supposed to be common knowledge that the govt's manipulate the market?

It's probably not a good idea to question any thread closure, as it's likely to get another thread (eg. this one) closed if it's discussed any further. Just saying.

port_of_spain

To be honest, the only reason I haven't liquidated my portfolio is because I'm confident the Government will tell MSE to shut down any threads that reveal the truth about how everything is in a bubble and so would threaten the value of my investments. This message will self-destruct in 5 seconds ... beep ... beep ... beep ... beep ... beep ...

EdGasketTheSecond

Free speech also in lockdown then, shame on MSE.

BananaRepublic

Alexland said:

EdGasketTheSecond said:

That's not true at all because there is a lag or inertia in markets.

It's not a lag if new information becomes available that in hindsight would have changed the balance of information that was previously available if it had been available at the time. That's just the future gradually occurring.

I’m starting to feel stupid ... 🙂

masonic

EdGasketTheSecond said:

Why is this thread closed after only 18 posts?

https://forums.moneysavingexpert.com/discussion/6126135/is-the-government-manipulating-the-market#latest

Isn't it supposed to be common knowledge that the govt's manipulate the market?

This has to be one of the most bizarre actions I've seen in a long time. There was no rule breaking, people were being civil, the subject was hardly all that controversial. They'll be coming for your gold threads next, Ed

port_of_spain

masonic said:

They'll be coming for your gold threads next, Ed

One can but hope

[Deleted User]

EdGasketTheSecond said:

Why is this thread closed after only 18 posts?

https://forums.moneysavingexpert.com/discussion/6126135/is-the-government-manipulating-the-market#latest

Isn't it supposed to be common knowledge that the govt's manipulate the market?

Hardly controversial. Strange..

newatc

kinger101 said:

newatc said:

Alexland said:

ProDave said:

People are predicting the CV-19 recession to de deeper and possibly longer, yet the FTSE100 has only dropped 30%

Which suggests the market doesn't agree with people who get paid to write exciting newspaper articles. If that was a shared consensus prediction the markets would have already dropped further.

The markets barely moved during the first two months of the pandemic (not officially called that then) and with hindsight they were terribly wrong. So I take little comfort from your statement. 

The pandemic wasn't declared as such until 11th of March.  While there's no standard criteria for one set by the WHO, the first confirmed case in Europe wasn't until 24th Jan, and USA until 15th Jan.  The crash started 21 Feb, so definitely not two months after the pandemic. A date on which there were still only 12 confirmed cases in France, 21 in Italy and 29 in USA.

Hardly worth worrying about but the FTSE index didn't fall below 7000 until Feb 27 so it can't be said to have crashed before. Coronvirus probably started in November but was being discussed before end of December. So two months (while not scientifically correct) is nearer enough for a debate of this kind.

LHW99

BananaRepublic said:

Alexland said:

EdGasketTheSecond said:

That's not true at all because there is a lag or inertia in markets.

It's not a lag if new information becomes available that in hindsight would have changed the balance of information that was previously available if it had been available at the time. That's just the future gradually occurring.

I’m starting to feel stupid ... 🙂

That would be the "unknown unknowns" then?

worldtraveller

CLOSING NUMBERS FROM YESTERDAY:

FTSE 100 @ 5,582 - DOWN 27% FROM PEAK

FTSE 250 @ 14,812 - DOWN 33% FROM PEAK

FTSE ALL SHARE @ 3,059 - DOWN 28% FROM PEAK

DOW JONES @ 22,680 - DOWN 23% FROM PEAK

NASDAQ @ 7,913 - DOWN 20% FROM PEAK