Always after some damage has been done. Talk to the investors.
Agree that the risk is low but the stock market is tanking because of global panic by some companies invested in foreign materials, not because of a real threat yet in this country. It’s an unknown virus and the unknown always causes fear.
My daughter is over inventory and global supply at the company she works for. It’s a very well know manufacturer that I won’t mention here. She was on a conference call with the corporate office about shortages of raw materials coming from overseas. Some of the countries that they buy from have closed their borders and reduced or delayed shipments to the US.
They were told on the conference call that even though the infection rate in the US was very low that they should all personally stock up on OTC meds and dry goods to last two weeks due to reduced shipping to the US from those countries, NOT because the virus is that dangerous here yet. We live on a farm and do that anyway but it never hurts for people to be prepared.
This virus might be a nothing-burger and probably is but does anybody really trust China not to be working on bio-weapons? I don’t. China is always up to no good and they aren’t above experimenting with these diseases on their own people first. We are past due for a pandemic. Nobody needs to panic but don’t be complacent either. China fuels panic because of their secrecy and unwillingness to share information. They flat out lie.
This is where the media and the Dems come in. They don’t give a flying flip about the lives of the American people. Their main goal is to drive the stock market and the economy down. They can’t match or beat the President’s accomplishments with the economy. All they can do now is blame him for any spread of the virus here and sabotage the stock market. Once the virus doesn’t do as much harm as they predict, the economy will rebound.
We lost $6K per $100K on her “misspoke” moment.
I’m sure many companies enjoyed a great discount to buy back company stock