Black Monday

[RupertBear]

Dont worry young bear it will affect the whole market so you'll have company.

thanks mate I feel much better knowing this

[couta1]

Agree definitely, but not all negatively.....eg stocks like FPH with their medical respiratory devices & a few others suggested on the Coronavirus thread.

Knee jerk sentiment rules at times like this, expecting the volatile A2 to take a good hit.

[RupertBear]

Oh dear ... THL was already bad enough prior to the latest scare - and I am pretty sure that tourism related shares will plummet. My commiseration.

Not sure though whether mainland Chinese people are a significant customer group for THL. Wouldn't mass travellers coming from mainland China be more likely to impact mainly on the accounts of bus companies, larger but not too dear hotel chains, souvenir shops and pharmaceutical companies selling manuka pills and dried tiger penis?

Thanks BP, yes holding THL has not been my best idea. Not my worst however

And dried tiger penis poor tiger, thats just gross

[bull....]

massive news just out

Coronavirus Spurs China to Suspend Tours Abroad and Xi to Warn of a ‘Grave Situation’






China said on Saturday that it would suspend all tour groups and the sale of flight and hotel packages for its citizens headed overseas, starting on Monday.

https://www.nytimes.com/2020/01/25/w...ronavirus.html



wall st futures are implying a big fall monday

[Southern_Belle]

massive news just out

Coronavirus Spurs China to Suspend Tours Abroad and Xi to Warn of a ‘Grave Situation’





China said on Saturday that it would suspend all tour groups and the sale of flight and hotel packages for its citizens headed overseas, starting on Monday.

https://www.nytimes.com/2020/01/25/w...ronavirus.html




wall st futures are implying a big fall monday

Bumped into a Chinese friend in Christchurch today. Said hoped all there family in China were ok. She said her parents are on holiday in NZ and due to return home next week. They have delayed their return & going to stay in NZ until further notice.

[BlackPeter]

And dried tiger penis poor tiger, thats just gross

I suppose if they are killed before being dismembered they probably don't care too much. Though selling them in NZ is obviously illegal. Remember however to have seen in NZ souvenir shops the respective members of other animals which may be killed in NZ (like deer):

https://en.wikipedia.org/wiki/Tiger_penis

https://kiwiplaza.co.nz/shop/en/deer...zzle-60-s.html

On reflection - the sales of these things might even increase with the current scare. Who knows, it probably helps against the Corona virus as well as it helps against any other ailment it is used to cure?

[peat]

I couldnt find a black Tuesday thread...

So yeh a bit worse today huh. Apparently 1% down but it feels worse. I'm surprised also how long it took , a nimble trader with shares or bonds couldve got out of a fair bit of stock if they'd chosen to yesterday (Monday).
It could be fun to start to seek out bargains at some stage though quite frankly prices would have to drop a long way before anything quality becomes a bargain. The markets have been surging ahead and they shouldnt even need an excuse to correct but of course they have found one now, and it appears the bear virus could also spread rapidly.

(It had to happen eventually)

[ynot]

Yes, hold on to your hats, this could be the real deal.

[Balance]

All that Central Banks have to do is cut interest rates further and markets will recover.

You read it here first - again.

[winner69]

Inverted yield curve is back apparently

Not good