Spot on: and the hangover will last awhile, there will be significant port congestion in areas like Long Beach once product starts to flow again and the second effect will result in container shortages. The supply chain recovery curve, will not be V shaped but more L shaped.

Short term= dust masks
Long term = caskets and urns

Hiv and flu meds if your more optimistic.

White, I can see Qcom as it's no where it's 52 week low now and despite an obvious boom bust last year, it's been steadily gaining value and hasn't tested it's 52 low. INTC, has bottomed out, and with China in disarray over production and shipping, I'm not sure why they'd be a pick. They've already broken their 52 week low.
I can see TSM and AMAT, easily as solid choices. DIS leaves me wondering a bit. People are going to avoid congested international tourism sites for a while until this blows over. Additionally they just had their CEO step off. So there is a lot of uncertainty in that. I think it's going to drop down much more in the months to come as the loss of sales/revenue from this travel lock down really start to show up in the numbers. I'd really wait on that one. I think it'll be available at much better pricing in the months to come. I did own it for a while and sold off at around 105. It would have to hit 80's again before I committed.

Rate cut coming soon.

I too think AMAT is a solid long term choice. Good points about DIS !!

3 minutes to the opening bell and I have alarms going off on several stocks at new lows. AMAT is one of them


Cfowler: I sure hope the fed does NOT cut rates

Quarantining pets in China now, after a dog tests positive. Just gets more "interesting" as we go. Historic times.

She will only have one vote. I thought your objection was on an economic basis. Personally, I think it would be good to have someone who thinks differently than the others

That didn't take long to drop another 1000.

Quarantine them to the soup pot.

I am a layman when it comes to the stock market so I am not pretending knowledge when I ask this question.

The Dow has gone down for a week since Corona started being talked about, why would it stop going down now that the virus keeps spreading?

Belittle Chinese all we want, this is no longer a Chinese problem. The private sector market knows that trying to solve science issues with political mindsets does not work no matter who is driving the political bus. The market is in this case the canary in the mine. Jobs and economic growth or lack there of will be the longer term losses. This actually got going two months ago and what did we as a nation do?

Bryce

Anyone looking at the metals' market? Nearly every other market it dependent upon it in some fashion. IMO there's a lot of good buying opportunities for those who are gonna wait for things to re-start anyways. Short-term or long-term the strategies differ. I like a little of both. I also like to have a tangible asset as a safety net. The traditional assets of gold and silver are looking pretty good right now. Gold will rise, and silver is totally undervalued at 80-1, even up to 100-1, and it's falling again today. I'm old enough, I grew up with those that lived through the Great Depression, as the adult providers in their family. While I'm not comparing now to then, the "then" shaped the now, so it's worth knowing about. Many of those I knew, most dead now, came out of the poverty they were in before the depression. The depression affected them, but many were poor before it started. As the recovery began, they had tangible assets that they turned into wealth. Wealth many of those families still have today. There are many stories of many families throughout America that this happened to. Still, it was the greatest transfer of wealth we have seen up to the present. The richest got richer, and many of the poor moved into middle class. "Share-cropper to land owner" is the story I hear most often. Times are different, I get it. The parameters change. Fundamentals remain the same though, IMO. There were losers too. I hear the stories of success more than the stories of failure. Somebody went under for someone else to get higher. What is occurring now in the market, with the virus, is unexpected. It's like we got the kill-shot EMP from the sun, and everything shut down, but the power is still on. How unexpected is it though? Bill Gates and others ran a simulation of a corona virus pandemic in October 2019. Their conclusions were, 65 million deaths. Never mind the death count, what do ya bet someone in the room wondered how that was gonna affect their economic position? Who are they, and where did they invest their monies in the recent months? What investments have the world banks been making? What is the price of goods (physical assets) in other countries? If you answer all those questions, the logical conclusion would be to invest where they do.

It isn't so much the actual virus that is causing this drop.

It is the FEAR of what might happen. A company that earned a dollar a share last quarter may only earn 90 cents next quarter. Buyers are not willing to pay as much for that 90 cents in earnings as they were for the dollar previously. That, at least, is rational.

But at some point on the price curve a stock can be selling for less than it costs to produce the 90 cents. That is when things will stabilize regardless of what the virus is doing. If you can buy 100 dollar bills for 80 dollars a piece, wouldn't you do it ?

How many dividend-required investors are there in the pension fund sector? That in itself could create a domino-effect in our economy. State economies are at-stake with what is occurring. Who's gonna bail them out? Are they too big to fail?

This has been predicted for several months now.

https://www.investopedia.com/why-stocks-will-plunge-18-by-year-end-despite-fed-rate-cuts-4774639

Things don't feel quite as frantic this morning as they did the past few days. That could all change this afternoon.. But at some point, the sellers will run out of things to sell !

I totally agree that this is not a surprise to most. Most that are actually following it, prepared for their opportunity to benefit from it. That's just part of being aware. Just a matter of positioning yourself for the ride.

The old saying in the commodities market is buy the rumour sell the news. The thought being once the news breaks the money was already in on the rumour and when the news breaks maybe only the uninformed public is left and they don't throw much punch.

With this deal Grandma had a toe infection to start, it was not life threatening and went unnoticed, then the toe got worse and had to come off. She needs a new comfortable shoe. Next her condition worsens and her foot comes off , no need for new shoe. She needs crutch so crutch sales go up. Next leg comes off, abandon crutch buy wheelchair. There is no stopping til Grandma gets to a stable place. With this virus there was concern when it was in China but as it has grown there just is no stable place. Its not like one event where the money is in or out, but a constant fear so when there is new money coming in then they are afraid and dumping as well as what was already there it causes a snowball effect then its even worse. They start looking for some place else to park their money til it all blows over and things get stable again.

The above is for entertaining the mind only !

The CDC has outbreak/pandemic protocol independent from who sits in the Whitehouse, who is the speaker of the house, etc.

Quarantines (first in 50 years) etc were enacted early on based on the best information available at the time, which unfortunately was coming from a reliable liar, Red China.

A sham impeachment dominated the political agenda for weeks distracting the nation and tying up resources.

Nancy was consumed with tearing up documents that weren't hers.