You don’t really want to buy today.
This is not about the fear of dying. Its about production in China.
Bloomberg posted yesterday that between 30-35% of component parts for US production are sourced in China. Of that, 89% is produced in the provinces under lock down.
Those markets have been closed since 1/24. So, if the virus ended today—it would take a couple of weeks to get back up to speed. And then six weeks to get most of that stuff to the producers here in the US.
In essence, we should start seeing significant production issues here in the US in the next week or so. With a recovery on a rolling 5 to 6 week time frame.
Q1 is shot in China. Q2 will be impacted greatly all over the world.
I am suggesting that you keep on eye out today, but hold your powder dry until you can see the impact on US companies.
The virus is not about dying, its about some systems seizing and other systems becoming overwhelmed.
“Bloomberg posted yesterday that between 30-35% of component parts for US production are sourced in China. Of that, 89% is produced in the provinces under lock down.”
Another good reason for Trump to extricate the US from such tight connection with Chinese markets.
I am suggesting that you keep on eye out today, but hold your powder dry until you can see the impact on US companies.
The virus is not about dying, its about some systems seizing and other systems becoming overwhelmed.
Excellent point. Consumers are 2/3s of our economy.
This is good time to start make things here. globalists need to be defeated, this is a god a place to start as any.
Bloomberg posted yesterday that between 30-35% of component parts for US production are sourced in China. Of that, 89% is produced in the provinces under lock down.
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it’ll be interesting to watch the news coming out of Bloomberg News
who has more to gain from sensationalizing the crono virus?