Liquidate entire portfolio until virus is over?

vitamin_joe

coastline said:

No he's reaching for a Capstan Full Strength.

A smoother blend for today's modern gentleman

worldtraveller

CLOSING NUMBERS FROM YESTERDAY:

FTSE 100 @ 5,678 - DOWN 26% FROM PEAK

FTSE 250 @ 15,863 - DOWN 28% FROM PEAK

FTSE ALL SHARE @ 3,140 - DOWN 26% FROM PEAK

DOW JONES @ 23,434 - DOWN 21% FROM PEAK

NASDAQ @ 8,091 - DOWN 18% FROM PEAK

Bravepants

BananaRepublic said:

Bravepants said:

Linton said:

ProDave said:

Just seen a prediction on the news that if the lockdown lasts 3 months, GDP could contract by 22%

Anyone still feel we have seen the bottom on the stock markets?

Of course GDP goes down if no-one is buying anything.

I presume GDP contraction will be seen in other nations widely affected by lock-down. The entire world's GDP would be reduced. But if GDP includes trade in worthless, pointless tat, and the suppliers of said tat dry up, then that can only be a good thing right? No more of the Earth's resources making tat, and then being transported around the world using other resources. Perhaps this could be the time to re-calibrate capitalism? Not every business making tat needs to survive.

The Jewish Chronicle is going into administration. Friends run a mini ice rink which could go bust. Many high street shops already threatened by unfair competition from online shops who pay less tax will go bust. Restaurants and cafes will go bust. Tour operators and sports facilities may go bust. So much tat to say farewell to. 

Obviously, I should have provided a clearer definition of the word "tat".

For example:

https://www.uselessthingstobuy.com/

https://www.amazon.com/slp/useless-gifts/bh475hjdetsm8da

I mean, come on!

kinger101

Bravepants said:

BananaRepublic said:

Bravepants said:

Linton said:

ProDave said:

Just seen a prediction on the news that if the lockdown lasts 3 months, GDP could contract by 22%

Anyone still feel we have seen the bottom on the stock markets?

Of course GDP goes down if no-one is buying anything.

I presume GDP contraction will be seen in other nations widely affected by lock-down. The entire world's GDP would be reduced. But if GDP includes trade in worthless, pointless tat, and the suppliers of said tat dry up, then that can only be a good thing right? No more of the Earth's resources making tat, and then being transported around the world using other resources. Perhaps this could be the time to re-calibrate capitalism? Not every business making tat needs to survive.

The Jewish Chronicle is going into administration. Friends run a mini ice rink which could go bust. Many high street shops already threatened by unfair competition from online shops who pay less tax will go bust. Restaurants and cafes will go bust. Tour operators and sports facilities may go bust. So much tat to say farewell to. 

Obviously, I should have provided a clearer definition of the word "tat".

For example:

https://www.uselessthingstobuy.com/

https://www.amazon.com/slp/useless-gifts/bh475hjdetsm8da

I mean, come on!

The irony is, stuff ordered by amazon is doing fine.  Tat Ltd is much more resilient than the restaurant and travel sector.  I'm sure these will be back, but many small businesses will probably go bust unless commercial landlords have deep and forgiving pockets.

Bravepants

kinger101 said:

Bravepants said:

Obviously, I should have provided a clearer definition of the word "tat".

For example:

https://www.uselessthingstobuy.com/

https://www.amazon.com/slp/useless-gifts/bh475hjdetsm8da

I mean, come on!

The irony is, stuff ordered by amazon is doing fine.  Tat Ltd is much more resilient than the restaurant and travel sector.  I'm sure these will be back, but many small businesses will probably go bust unless commercial landlords have deep and forgiving pockets.

Don't get me wrong I do feel sorry for small businesses, it must be a terribly worrying time for them. However, most of the regular posters to these forums understand (nay preach) the importance of an emergency fund. Accountants would advise the maintenance of a liquidity fund. It just goes to show how fragile and vulnerable the economy is to these "black swan" events without some buffer. I think people will learn from this and maybe not be so complacent and take the economy for granted in the future. The original post that prompted my own post concerned the contraction of the UK's GDP. I have just, last night, started to watch a documentary called "System Error", that questions the viability of infinite growth in GDP. The basic premise is "How can we expect infinite growth on a planet with finite resources?". The expectation is that GDP should grow continuously, but is that realistic? Incidentally, the contributions to GDP also include things like prostitution and the management of disasters such as oil spills. Go figure! 

Roygroyg

Obviously, I should have provided a clearer definition of the word "tat".

For example:

https://www.uselessthingstobuy.com/

https://www.amazon.com/slp/useless-gifts/bh475hjdetsm8da

I mean, come on!

Seemed pretty clear to me you were just meaning tat and not everything that would be lost from GDP reduction.
Suspect there will be at least a temporary evaluation of what is important to people and cut back on tat but perhaps that will not last although some other trends I think will like acceleration away from cash. There is a lot of economic effort to produce and transport this tat that although employs a lot of low wage workers could be better allocated to something ultimately more useful longer term and less environmentally damaging as in addition to using up materials and transport most ends up in landfill.

coastline

Username999 said:

coastline said:

Posted this last week. I wonder if its a bull flag.  
https://www.chartpatterns.com/flagsandpennants.htm
https://tradingeconomics.com/united-states/stock-market

Nope, I still can't see it.

But I can make out a Dolphin in the cloud over my house ...

Bull flag..see it..   
https://www.chartpatterns.com/flagsandpennants.htm
https://tradingeconomics.com/united-states/stock-market

kinger101

coastline said:

Username999 said:

coastline said:

Posted this last week. I wonder if its a bull flag.  
https://www.chartpatterns.com/flagsandpennants.htm
https://tradingeconomics.com/united-states/stock-market

Nope, I still can't see it.

But I can make out a Dolphin in the cloud over my house ...

Bull flag..see it..   
https://www.chartpatterns.com/flagsandpennants.htm
https://tradingeconomics.com/united-states/stock-market

Definitely see bull something. 

Username999

coastline said:

Username999 said:

coastline said:

Posted this last week. I wonder if its a bull flag.  
https://www.chartpatterns.com/flagsandpennants.htm
https://tradingeconomics.com/united-states/stock-market

Nope, I still can't see it.

But I can make out a Dolphin in the cloud over my house ...

Bull flag..see it..   
https://www.chartpatterns.com/flagsandpennants.htm
https://tradingeconomics.com/united-states/stock-market

Well done!

How much did you make by trading it?

worldtraveller

CLOSING NUMBERS FROM YESTERDAY:

FTSE 100 @ 5,843 - DOWN 24% FROM PEAK

FTSE 250 @ 16,408 - DOWN 26% FROM PEAK

FTSE ALL SHARE @ 3,233 - DOWN 24% FROM PEAK

DOW JONES @ 23,719 - DOWN 20% FROM PEAK

NASDAQ @ 8,154 - DOWN 17% FROM PEAK