How has the CoronaVirus affected you?

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What, your problem is being wise?

When I was in school obtaining my medical transcription degree, I had a friend who was in the nursing program there. In her microbiology course, they swabbed down just about every surface in the restroom you can imagine and put it under the microscope on slides. The number of pathogens they found was unreal. The restroom at the college looked reasonably clean, but it sure wasn't.

Edited 1 time(s). Last edit at 02/23/2020 06:13AM by JASFLALMT.

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Carnival just hit it's lowest price in 5+ years. It might go down even more.

@JASFLALMT wrote:

Carnival just hit it's lowest price in 5+ years. It might go down even more.

I personally don't buy CNBC's fake financial news take that the reason stocks are dropping so much today (1,000+ points on the Dow already) is due to a few extra cases of coronavirus showing up outside of Asia. Gimme a break.

They didn't know this last Friday?

Bernie sanders landslided in Nevada Saturday, while Bloomberg bombed in last week's debate. It's going to be Trump vs. Bernie in 2020. If Sanders wins and can reverse Trump's corporate tax cuts, then stocks will lose a major source of support.

E.g., Why are health insurance stocks dropping so much more than other sectors of the market? Medicare for All fears.

The virus and slowing global economy are no doubt part of it, but not the main reason for today's sudden drop, imho.

Edited 2 time(s). Last edit at 02/24/2020 05:24PM by shoptastic.

I didn't watch CNBC today.

Edited to add that I don't own any cruise or airline stocks. I was just looking at my portfolio and reading news on TD Ameritrade when I noticed that Carnival was down to about $38 and some change per share.

Edited 1 time(s). Last edit at 02/24/2020 05:25PM by JASFLALMT.

@JASFLALMT wrote:

I didn't watch CNBC today.

I dno't watch them, but read their website.

All flu and respiratory viruses can survive on solid surfaces for up to 2 days. It is in the air that they don't survive long. The hepatitis C virus can survive on solid surfaces for 2 WEEKS. So when you turn off the faucet handle in a public restroom, be careful.

Hepatits C is generally transmitted through blood and other bodily fluids, so unless you have a cut on your hands you are probably okay.

@JASFLALMT wrote:

I was just looking at my portfolio and reading news on TD Ameritrade

Another factor could be the Federal Reserve pulling some of their liquidity from the repo markets that was the source of the HUGE rise in stocks from Sept./Oct. 2019 through recently 2020.

Lots of negative forces at play right now:

Global economic slowdown (that PRECEDED the virus)
Virus adding fuel to the fire
Bernie Presidency fears
Federal Reserve pulling back on some of its liquidity to the repo markets (the printed cash of which was used to speculate in an already highly valued stock market)

Could certainly be headed MUCh lower from here. But, who knows.

eta: Fed has said they will continue repo operations through April most likely, though...so there's at least some liquidity until then that may prevent like a mega crash.

Edited 1 time(s). Last edit at 02/24/2020 05:50PM by shoptastic.

I'm not worried. I cashed in on some of my AMD last week at $59. I bought it at around $12 per share. It's around $49 right now, but that's okay. I am so far up on it and other stocks that I will be fine. And I think it's likely that the market will shake off fears soon enough and go back up.

@JASFLALMT wrote:

I'm not worried. I cashed in on some of my AMD last week at $59. I bought it at around $12 per share. It's around $49 right now, but that's okay. I am so far up on it and other stocks that I will be fine. And I think it's likely that the market will shake off fears soon enough and go back up.

Very nice.

I wish I had bought some AMD, NVDA, and PAYS the past few years, as they've made people 10x+ their money. However, I don't know much about them and don't have interest in the industries, so I've stayed disciplined and not invested.

About 95% of everything I invest in, I have to feel confident I understand what is going on. About 5% of the time, I will take some moonshots and leave my comfort zone. I was too chicken to buy those three when they were cheaper. Ah well...always other opportunities.

Always jealous by all the money people made on those.

I love technology stocks. I bought Apple at $92 a share. It was around $327 at it's high not long ago. It's just under $300 today. I'll never sell it, though, because it is a dividend stock. I like to trade but I also have long-term investments. I have a pretty well balanced portfolio, however, and not everything is in tech.

@JASFLALMT wrote:

I love technology stocks. I bought Apple at $92 a share. It was around $327 at it's high not long ago. It's just under $300 today. I'll never sell it, though, because it is a dividend stock. I like to trade but I also have long-term investments. I have a pretty well balanced portfolio, however, and not everything is in tech.

Yeah, Apple is one of the few tech companies I understand. Charlie Munger was once asked if Apple was a tech or lifestyle/brand company and he said it's both.

re: selling Apple
Warren Buffett's Berkshire company sold some of their Apple stock recently, as discussed on CNBC. Lyn Alden sold (saw her Twitter feed a few months ago), too, around $260-ish, I believe, and said it was priced too far ahead of its fundamentals, as revenue was down and there didn't seem much more upside from a fundamentals-to-valuation point of view. Jim Cramer on CNBC, however, always says to OWN Apple, never trade it.

I don't own Apple, but feel like it's one of the few technology stocks I can understand to possibly buy later down the line. I do find most U.S. stocks overvalued right now - although, that doesn't mean they cannot rise MORE or that they'll fall tomorrow. I've personally been strategically selling certain U.S. holdings and buying into emerging markets and precious metals the past six months. Keeping some cash on the sidelines as well.

Speaking of dividends, Carnival's dividend spiked to 5% now. Will you buy some if they fall to, say, $36/share?

Apple's 52-week high was $327 and though it's dipped a little below $300, I won't ever buy more because it's too high. I paid a great price for it and I will keep it. I watch Jim Cramer pretty regularly, but I don't buy or sell stocks based on what some TV commentator said. Warren is a genius, there's no doubt, but I don't set my watch by him, either.

No, I will not buy any Carnival or any other cruise ship stocks because I don't like cruises. I don't care if the millennials and other people love them or not. I would own airline stocks, but don't have my eye on anything at the moment.

I mentioned those people (selling Apple) just as a point of chat, by the way (as in something I recall recently that was interesting), and not as any sort of recommendation.

Carnival/cruise companies could be a black hole for a while. No virus cure yet. Horror stories of people getting trapped on those cruise ships. A bad earnings report and bad guidance (on top of other stuff) could mean it going even lower. Often, these are compelling opportunities to buy. I just don't have interest in following this industry myself, however, and that makes me usually pass.

Edited 1 time(s). Last edit at 02/24/2020 11:50PM by shoptastic.

Just got back from Walmart and they are 100% out of those big Chlorox bleaches in the luandry section.

@shoptastic wrote:

eta: Fed has said they will continue repo operations through April most likely, though...so there's at least some liquidity until then that may prevent like a mega crash.

Then again, Lyn Alden had a tweet about a month ago that said the stock market is like 30 trillion dollars (or whatever it is) and the Fed's liquidity injections are like 30 billion a month. If people panic, those injections won't stop a slide.

Looks like coronavirus definitely impacting stock market - although, it's not the only force.

It's Black Friday for the stock market!!!

Shopping the Greater Denver Area, Colorado Springs and in-between in Colorado. 33 year old male and willing to travel!

@Tarantado wrote:

It's Black Friday for the stock market!!!

Could get worse, as Super Tuesday is next week.

If Bernie crushes, I think the primaries will likely be 99.99999999999999999999999999999999% OVA!

Markets, as they say, are forward looking (usually by about 6 months), so that could scare some folks to price in a Sanders Presidency and reversal of Trump's corporate tax cuts that have allowed a huge/greater stock buyback wave that's largely driven the U.S.'s outperformance.

That's been the other cause of the stock market plunge: Mr. Sanders. Jeff Gundlach actually came out yesterday to say Bernie was the primary driver, b/c why is the rest of the world plunging a lot less and the U.S.A. diving so HUGE, along with health insurers.

Coronavirus is legitimately an issue too.

Edited 2 time(s). Last edit at 02/27/2020 04:31PM by shoptastic.

I bought some stuff today. Even though Carnival was down to just over $30 earlier today, still not appealing to me.

@JASFLALMT wrote:

I bought some stuff today. Even though Carnival was down to just over $30 earlier today, still not appealing to me.

Super tempting.

I'd buy at $26 (probably).

I remember an article came out a while back that I read that talked about global warming melting polar ice caps and unlocking new viruses we've never encountered before.

The climate change narrative over the next 10 years is one that seems strong. Motley Fool had a podcast that I found interesting on it. They said intuitively that homebuilders would likely benefit (Home Depot, Lowe's, etc.), as storms would cause increasing havoc and damage to people's property. Cruise ships/travel could get hit.

*shrug* who knows

I'm like you - no interest in cruise cmopanies. But, AT SOME PRICE, they may become too good to not buy for me.

Edited 1 time(s). Last edit at 02/27/2020 05:00PM by shoptastic.

I've lost so much money (on paper) these past few days. In reaction, I have not sold anything but have bought more of some stocks I already have and some that I have been watching. The market is on sale right now, so I've been buying every day and will continue to do so daily.

It must be hard for people who have the majority of their money in the market to see so much of it dissapear. We're pretty evenly split between cash, real estate, and stocks.

@Niner wrote:

I've lost so much money (on paper) these past few days. In reaction, I have not sold anything but have bought more of some stocks I already have and some that I have been watching. The market is on sale right now, so I've been buying every day and will continue to do so daily.

It must be hard for people who have the majority of their money in the market to see so much of it dissapear. We're pretty evenly split between cash, real estate, and stocks.

I took less of a loss, due to having already shifted a good chunk of my U.S. profits into emerging markets late last year. My EM dived, but not as bad as the U.S.

The only stock I am looking to buy from America is DIS (Disney). It's not quite yet the price I want it at, though. But, it's close

I bought a good amount of SQQQ stocks last week right before the markets tanked and I'm up about 25% percent so far. Probably gonna hold onto it for a little while till everything in the markets is discounted even more. I've got a solid 40 more years til I hit retirement age so this is a great time to invest for me.

Edited 1 time(s). Last edit at 02/28/2020 06:05PM by DavePi.

Welcome back!

@DavePi wrote:

I bought a good amount of SQQQ stocks last week right before the markets tanked and I'm up about 25% percent so far. Probably gonna hold onto it for a little while till everything in the markets is discounted even more. I've got a solid 40 more years til I hit retirement age so this is a great time to invest for me.

Hard work builds character and homework is good for your soul.

@Niner wrote:

I've lost so much money (on paper) these past few days. In reaction, I have not sold anything but have bought more of some stocks I already have and some that I have been watching. The market is on sale right now, so I've been buying every day and will continue to do so daily.

It must be hard for people who have the majority of their money in the market to see so much of it dissapear. We're pretty evenly split between cash, real estate, and stocks.

Same.

I’m down maybe $400,000 but I haven’t checked. I’m only buying right now, not selling, so it does not matter. If I was older, I’d be more concerned.

Plunging numbers. Hold on. Still letting our monthly investments happen. Wondering if I should invest a surplus available now.

Yes. I would say it's time to buy a few things. I just added to my position on a couple of stocks, Tellurian being one of them.

The market did a little bounce back this afternoon but there are still good buys to be had.

Hi DavePi!! Glad to see you among the living!!

@SoCalMama wrote:

@Niner wrote:

I've lost so much money (on paper) these past few days. In reaction, I have not sold anything but have bought more of some stocks I already have and some that I have been watching. The market is on sale right now, so I've been buying every day and will continue to do so daily.

It must be hard for people who have the majority of their money in the market to see so much of it dissapear. We're pretty evenly split between cash, real estate, and stocks.

Same.

I’m down maybe $400,000 but I haven’t checked. I’m only buying right now, not selling, so it does not matter. If I was older, I’d be more concerned.

I checked Vanguard once. I'm not going to look again. Same here, I have not sold, and have bought more stock and am watching certain stocks and will buy if they drop further.

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