Amazon would have been good for cloud too (their AWS has been making them tons of money lately), except the classing Amazon of selling goods might be hurt. So if you're thinking cloud computing with all the remote work during the mu-mu-mu-my-coronavirus scare, go Microsoft.
I've personally shifted all of my 401K's and Roth IRA's of mine and all my family members back into equity funds. (The last transaction is set up for today.) I've basically been out of equities waiting for the bubble to burst, having much of our money in long term treasuries (which went up bigly both recently and during the 2007-2009 burst, and the 2000-2002 burst). So if I'm wrong and the stock market in general goes down more from here, there's probably not much more in can go down, but a lot it can go back up.
The S and P 500 is currently down 18% from it's all time closing high on Feb. 11. If it goes down as much as it did during the 1987 flash crash from Aug to Sep (33%), it could go down below the 2,400's. So I wouldn't be surprised if that happens. But I'm back to banking long term on gains from this point.
The S and P 500 is currently down 18% from it’s all time closing high on Feb. 11. If it goes down as much as it did during the 1987 flash crash from Aug to Sep (33%), it could go down below the 2,400’s. So I wouldn’t be surprised if that happens.
Historically bear markets typically drop around 30% from their highs, so that sounds about right. I plan to start buying in about 3-6 weeks.