Be Greedy when others are Fearful and Fearful when others are Greedy.
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Its just a normal flu who cares if it hits NZ - death rates are the same as the normal one.
Definately over bar any stimulus input, but central banks are running out of ammo. FTSE and Euro STOXX were down 3.5% overnight also.
Yesterday bought a large position in the Aussi Bear BBOZ on warrants market in anticipation of either Covid-19 US spreading or more Euro spreading. Also possibility of Pandemic being announced in very near future.
Had less than a week before closed out earlier BBOZ position with small loss after China stimulus & US earnings uplift. Missed the beginning of main Covid-19 downturn by 2 days by not holding on a bit longer.
As well as the ASX200 hedge, have bought F&P Healthcare as has demonstrated ongoing strength over last 1 1/2 months. Something to contribute to peoples health recovery.
Have also sold off my Heartland position at a loss (apart from dividend) to raise additional cash, even my 2 remaining bell-weather gentailers have been hit today also. Nothing seems immune at this point.
Had also much earlier raised cash levels to around 75%.
I'd say the BEAR market has begun (about a week later than I initially surmised)
Be very careful out there folks, especially you Couta with all that A2 & HLG!
Yes a timely reminder that anyone using leverage at present should have a good look at the poll result which is very confronting, (as I suspected it would be and is the key reason I started this thread), and rethink their strategy and get more conservative, very quickly.
Yeah cheers. Not having a mass sell, but any selloff contributes to the greater reaction lol ...
Whoops replied to you as a standard reply without the Quotes :X Just with AIR I guess there is more to come and if im in the Red now might as well call it quits, and cash it in. Put it elsewhere, hold or re enter when i feel its right. I may save 10% or a may miss out but I think its heading to $2 or below (My gut feeling)