Coronavirus - A pale horse,4 men and ....beer

[mcgoo]

Fun times..
https://7news.com.au/travel/coronavirus ... LOUpji8wBo

[ruthlessimon]

I'm thinking 3 opportunities here

1. People are gonna get pneumonia en masse, buy chemical companies, buy oxygen
2. Secondary infections, buy pharmaceuticals, buy antibiotics
3. & maybe this "mask hysteria" can be exploited



The trader mentality

[Naffman]

Here's the RBA's March interest rate decision on the 3rd, chaos since yesterday...imagine if China's PMI miss their forecasts tonight

march rba rate dec..png

[firlandsfarm]

So when the virus is gone why won't markets recover just as quickly but with a small loss for the inconvenience to business?

[sniffer66]

So when the virus is gone why won't markets recover just as quickly but with a small loss for the inconvenience to business?

Was doing some reading this morning and the bounceback is typical. Conservative markets over-reacting. Good time to buy ?

[Diacritical Quark]

So when the virus is gone why won't markets recover just as quickly but with a small loss for the inconvenience to business?

Was doing some reading this morning and the bounceback is typical. Conservative markets over-reacting. Good time to buy ?

I have been trading forex and spreadbetting on and off over the years, my appetite for risk never really allowed me to get too deep into the markets as you can get burned very, very quickly. I have however used one particular "strategy" to excellent effect on and off and usually in these very volatile markets. It may not be to everyone's liking but rather than trying to decide tops and bottoms of trends and when to buy, when to sell is to look for positively correlated markets using a coefficient of at least 0.8 and mean revert the markets. You can take your pick between any number of markets, some of the most successful ones I've had have ben Aud/Usd v Gold, Ftse v Dow, Ftse v Hang Seng and currently scalping Dow v S&P500. If you get the timing right and mean revert them you can make a kililng for very little risk as you don't have to worry about getting the market direction you just have to worry about how far apart the price currently is and in these volatile markets it's usually quite a lot

[Euler]

Best buying opportunity was late Friday night. People dump positions so they don't need to worry over the weekend.

[Diacritical Quark]

Best buying opportunity was late Friday night. People dump positions so they don't need to worry over the weekend.

Absolutely, I very often take advantage of the Friday bounce, sometimes it means worry about the gap on a Sunday night but I tend to find the gaps on indicies aren't as bad as the gaps on stocks. Sometimes I take a hedge so I'm market neutral just before the close but more often than not I just hold and wait for Monday and the markets to mean revert.

[PDC]

Best buying opportunity was late Friday night. People dump positions so they don't need to worry over the weekend.

Did you buy anything, if so what, would be interested to hear?

Futures are indicating lower opens on Monday. Trying to market time is neigh on impossible over the long term.

I have just been reading through all the headlines and articles from September 2019 when everyone was either panic selling or scooping up all these bargains...the message boards were choked with everyone giving their opinions about how now was the time to dump all that cash they had been sitting on into the market or the Bear's were posting "I told you so".

Oh wait a minute, non of that happened....

Bears.png

[firlandsfarm]

Trying to market time is neigh on impossible over the long term.

I would say trying to time the market in the short term (when it's much more important) is nigh on impossible but in the long term (when it's far less important) is much easier as you showed in your graph, just about any entry point would have been profitable.

[PDC]

Just about any entry point would have been profitable.

I would say any of the entry points will be profitable, not just some. You just need to give it time.

[superfrank]

Images released by Nasa show how much pollution levels have dropped by in China



Every cloud has a silver lining!

[ShaunWhite]

Best thing for the planet would be a cull of the worst parasite. 2 or 3 billion fewer people would be about right and if we're amongst them then so be it for the greater good.

[johnsheppard]

Best thing for the planet would be a cull of the worst parasite. 2 or 3 billion fewer people would be about right and if we're amongst them then so be it for the greater good.

You've hurt my feelings. What about ME!?

[ShaunWhite]

Best thing for the planet would be a cull of the worst parasite. 2 or 3 billion fewer people would be about right and if we're amongst them then so be it for the greater good.

You've hurt my feelings. What about ME!?

Maybe you could join a cult and convince yourself you're in one of the 12 tribes who'll just spectate from a mountain top while the cleansing takes place.