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re: Am I the only one who thinks the market's reaction to the coronavirus outbreak is...
Posted on 1/30/20 at 2:03 pm to yatesdog38
Posted on 1/30/20 at 2:03 pm to yatesdog38
quote:
I am investing in canned goods, ammo, and a seed stock this week.
1
Posted on 1/30/20 at 2:35 pm to LSURussian
Transportation both within and to China will be significantly lower for at least one fiscal quarter, maybe more. That will reverberate through the Chinese markets which makes up a good proportion of world GDP.
Easy example:
China travel declines due to virus keeping people at home
China is a big part of Trip.com's market
Trip's revenues and stock price go down
Side note: I was in Thailand last week. At the airport there, about 60% of people were wearing masks (which don't do anything but that's another story). When I got to Atlanta, 0% of people were wearing masks. So the fear is real in Asia. Fear is enough to prevent travel.
Easy example:
China travel declines due to virus keeping people at home
China is a big part of Trip.com's market
Trip's revenues and stock price go down
Side note: I was in Thailand last week. At the airport there, about 60% of people were wearing masks (which don't do anything but that's another story). When I got to Atlanta, 0% of people were wearing masks. So the fear is real in Asia. Fear is enough to prevent travel.
This post was edited on 1/30/20 at 2:37 pm
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