Not yet, it can't (and I say this as a perpetually optimistic investor).
We will have to see how this shakes out economically and we are a very long way from that.
If China is withholding supplies (virus drugs, drug components, and related supplies) as punishment for international treatment of Huawei, if Russia and Saudi are conspiring to kill the U.S. fracking industry (instead of wrestling over prices), if the greatest impact on U.S. business is yet to come...we might be a great distance from the bottom of this market slide.
And when the market slides, people get scared and they stop spending. And when consumers stop spending, other previously unrelated industries begin to suffer. And so on, and so on.
Though I am a long term investor, I also make money trading call options. There is a rule: a market bottom (in a deep slide) is hard to ID.
This is not the time to invest.
Tomorrow may be entirely different. Some pharma might announce an effective vaccine...the virus might not be able to withstand warmer weather. Who knows.
But as of right now...sit tight.
We will have to see how this shakes out economically and we are a very long way from that.
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True. The market hates uncertainty. Long term investors are waiting for things to settle.
This is not the time to invest.
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It may not be the best time, but somebody who buys now will make out in the long run.
Tomorrow may be entirely different. Some pharma might announce an effective vaccine...the virus might not be able to withstand warmer weather.
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Some form of treatment will become available, probably before a vaccine is. In the meantime, a wide range of precautionary measures are also helping to contain the spread. And, as you say, warm weather might slow down the disease.
In addition, we will hopefully be better prepared to deal with future pandemics based on worldwide experience with Coronavirus. There will be valuable Lessons Learned from this outbreak.
At some point we’ll see signs of the threat diminishing and/or indications that it is being effectively controlled. Some people will make a lot of money recognizing those signs.
I am wondering if this new deal Trump signed could result in China holding back on anti-biotics out of revenge?
Rought day in the market. My thinking (at the moment) is that at some point capitulation will set in as the number of sellers becomes close to exhaustion. In other words, who will be left to sell?
Not saying we’re close to that point. Just looking at it from the perspective of having watched many downturns in the market.
I’ll probably miss the turn but hope to be able to recognize the signs of rebound and catch the rise at an early point. I plan to nibble my way back in.
Low prices are an investor’s best friend. ;)