Great, so we have the whole day to short leverage SMI lol.
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S&P/ASx200 futures (Australia) +14%. These markets are not overreacting, not at all!
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The whole thing really gives you some perspective. You save 10CHF on your phone provider, 20 CHF on food etc. and discuss these things over several threads here but then you see months or even years of savings evaporate in just 3 weeks. So did it really matter?
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Well those savings and financial decisions are the things you have control over, this isn’t. I’d argue. its preferable to focus on optimising there while ensuring you are prepared to ride out the -50% recessions when they arrive.
Savings haven’t evaporated provided you don’t panic sell/change your strategy, and are in it for the long term. Just ride out the volatility and if you can invest any more in the near future go for it.
Look at the incredible returns people got from consistent investing from 2008 during the crash for a decade into 2018.
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Honestly, my biggest concern is that we won‘t see those returns in the 2020s. If history just repeats itself, big crisis like 2008, then stock market boom like in the 2010s, we‘d be fine. If history repeats itself differently, 2008 bust, then 1970s stagflation, I at least would not be so fine.
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You couldn’t have said it better: 
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Sure it does. This is the capital you put to work on the stock markets. You wouldn’t have lost it this month if you didn’t save and invest 
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Well Guys, it is part of the game! We all know already it is very hard to time the market. If it would be that easy we were all invested 100% in Stocks. Offcourse it is not easy to lose 20-30% of the portfolio but that is also part of the game. And please don’t SELL! You are going to regret it sooner or later.
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Yes i was also thinking, “Reaching out to as many people as possible…at midnight? really?”
17.00 is the magic hour. It’s going to be interesting to see what they will do.
I expect they will close all cinemas from Monday, enforce home-office for all industries where possibe to reduce the amount of interactions during commuting and daily life.
I only hope the Swiss residents are more reasonable and don’t go into the shelves-emptying frenzy like in other places…
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I would go grocery shopping before 5 PM
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Interesting, do you know how it works during such a enforcement? Are the companies mandated by law to do as they say? or can they just “Choose or not choose to follow that recommendation”?
Just read this quote on Twitter: “Greed always beats fear in the long run.”
So true …
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I think it will be an advise. A friend of mine works in a hospital (non-essential , no contact with patients) and there the choice is still up to them if they want to work at home or not. IMO they should be forced to stay at home.
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The problem in such situations is more the lack of buyers. At least on the US market the largest buyers, by far, were (until this crisis) the corporations buying back their own shares and taking debt doing so. Now it’s clear they will stop their buybacks as they discover they have liquidity issues (like Boeing) and huge liabilities.
Add to it that many shares (buybacks apart) have been bought with borrowed money too, via margin debt. In this case the stocks are being sold automatically.
Additionally you have many shareholders who still can make a large profit by selling stocks and waiting the end of the crisis. They are certainly tempted to sell…
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I’m kind of afraid that they will fuck this up and only issue a rather timid response.
The cantons seem unwilling to act.
In general I’m completely appalled by how our government underreacted thusfar.
Superfluous events are still happening:
A local concert hall has a 4 day concert series with 800 attendees every day atm. It’s completely insane.
My university issued a rather stupid rule about only 50% of the students being allowed in class. They did this after consulting with the canton, which implies that the canton doesn’t understand the severity of the situation. This is the same university that hasn’t been able to provide towels in the towel dispenser the last 2 weeks. And they also didn’t make any effort to permanently open all indoor doors, leaving 1000 of students touching the same handles multiple times a day.
They should have cancelled all schools a week ago but didn’t out of dubious and mostly short-term economical reasons. A short thread about why their reasoning isn’t too convincing:
[The same economics professor changed her mind towards definitely closing all schools a few days later.]
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I don’t want to steer away to much of this threads theme, but i just want to add; that for me as a Swede, Switzerland has still done some quick decisions and is still doing way more than the current weak Swedish socialist government and our institutions. If you google it, there are some nightmarish examples to find. Like letting a specially charted plane from the northern part of Italy that was transporting stuck Swedes, land on our biggest airport and then just letting the people go on home(People were reported to be coughing on the plane and acting sick as well). No Quarantine, nothing. It’s like they want to spread the disease.
To compare: A plane landed in Zurich airport where the crew suspected that one person on the plane was infected with the coronavirus. They instantly quarantined the plane, and people had to remain in the location until the suspected person had been properly tested.
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…in the meantime the BAG changed their website to something “fancier”. Someone should have told them to react to the issue and they probably misunderstood…
It must be also a heavier site because I can’t open it anymore…
Speaking about the problems in Zurich, the cantonal doctor is sick (not coronavirus they say) so there are 2 doctors taking his place temporarily… you can imagine how many important decision they are able/willing to take… 0.
I wonder if they can be sent on trial for underreaction, since 99.99% of the companies etc… are just waiting for them to decide what to do. Or the BAG. (which for english speakiers opens a lot of jokes…)
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Well… at the same time S-Bahns are circulating fully packed with plenty of people coughing.