+1superfrank wrote: ↑Mon Mar 09, 2020 9:18 amfrom the Telegraph:The government skipped the containment phase entirely because of economic concerns. This could prove to be a massive mistake as the electorate won't forgive such irresponsibility and it won't help markets anyway....dozens of flights from locked-down areas arrived on British soil on Sunday with seventeen leaving from Milan Malpensa airport alone. On arrival the passengers were not put into quarantine or tested for the virus, leading to fears they could now be spreading the disease on British soil.
Those claiming that this is just a flu that will blow over need to wake up.
Coronavirus - A pale horse,4 men and ....beer
- superfrank
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I wouldn't hold your breath on that one. The govt will have another Help To Bubble scheme launched in double quick time.
US index futures all limit down (-5%).
I literally can't hold my breath any longer, I need to exhale, the same as the market does. I can't bring myself to buy at the top but the top keeps getting higher.superfrank wrote: ↑Mon Mar 09, 2020 10:39 amI wouldn't hold your breath on that one. The govt will have another Help To Bubble scheme launched in double quick time.
US index futures all limit down (-5%).
The best time to buy is when everybody is hitting the panic button and things don't look like they could get any worse and they do.
But a lot does depend on why you are buying. Anybody holding debt is going to be in trouble as are weak business that can't take a shock.
The decline in the FTSE is led by Shell and BP.
But a lot does depend on why you are buying. Anybody holding debt is going to be in trouble as are weak business that can't take a shock.
The decline in the FTSE is led by Shell and BP.
- superfrank
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But catching falling knives is a risky business. Buying the Friday dip last week wasn't such a good trade as the week before. Retail investors looking to buy and hold are usually fully invested in the market before the crash.
- wearthefoxhat
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If you're buying to live in it for 20 years+, then get a fair deposit together and buy in a location that is well sought after and not near a flood plain. If you're a fixer upper type person, buy from an auction. You'd be surprised at the value there is doing it that way.jamesg46 wrote: ↑Mon Mar 09, 2020 10:33 amI have all my fingers crossed that house prices take a huge hit... I've been waiting for what seems forever. The market has been gready & I want fearful.
I agree although the fixer upper is a pain in the arse, I've not long sold one.. & for my own personal home I dont want the hassle of it all again, I had too many issues with tradesmen, I had a bathroom fitter that went rogue & ended up costing me double, a window company that was from hell. I ended up making 8k for a whole world of stress. My aim is to buy one, move in & sit down.wearthefoxhat wrote: ↑Mon Mar 09, 2020 11:36 amIf you're buying to live in it for 20 years+, then get a fair deposit together and buy in a location that is well sought after and not near a flood plain. If you're a fixer upper type person, buy from an auction. You'd be surprised at the value there is doing it that way.
- wearthefoxhat
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altho' i'm certain that the numbers aren't being muted, there may be issues surrounding how and when new cases are added to the register (i.e. 100% certain). my fear is that the numbers are being reported slightly lower than expected and we are going to get hit with a *panic* when the eventual daily number literally doubles and goes into the low 1000's....
feels to mre that the UK approach of containment is for economic and political ends, not for healthcare !!
Last edited by jimibt on Mon Mar 09, 2020 2:25 pm, edited 1 time in total.
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This person doesnt sound very optimistic......
A European Union expert said the UK had only a "few days" to implement measures to prevent an outbreak like Italy's, which is the worst outside China with 7,375 confirmed cases and 366 deaths. Sergio Brusin from the European Centre for Disease Prevention and Control told the BBC's Victoria Derbyshire programme: "The UK is in the same situation Italy was two weeks ago."
A European Union expert said the UK had only a "few days" to implement measures to prevent an outbreak like Italy's, which is the worst outside China with 7,375 confirmed cases and 366 deaths. Sergio Brusin from the European Centre for Disease Prevention and Control told the BBC's Victoria Derbyshire programme: "The UK is in the same situation Italy was two weeks ago."