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 isnât. Iâd argue. its preferable to focus on optimising there while ensuring you are prepared to ride out the -50% recessions when they arrive.
Savings havenât evaporated provided you donât 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 wonât see those returns in the 2020s. If history just repeats itself, big crisis like 2008, then stock market boom like in the 2010s, weâd 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 couldnât have said it better: 
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Sure it does. This is the capital you put to work on the stock markets. You wouldnât have lost it this month if you didnât 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 donât SELL! You are going to regret it sooner or later.
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Yes i was also thinking, âReaching out to as many people as possibleâŠat midnight? really?â
17.00 is the magic hour. Itâs 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 donât go into the shelves-emptying frenzy like in other placesâŠ
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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 âChoose or not choose to follow that recommendationâ?
Just read this quote on Twitter: âGreed always beats fear in the long run.â
So true âŠ
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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 itâs 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 sellâŠ
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Iâm kind of afraid that they will fuck this up and only issue a rather timid response.
The cantons seem unwilling to act.
In general Iâm 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. Itâs 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 doesnât understand the severity of the situation. This is the same university that hasnât been able to provide towels in the towel dispenser the last 2 weeks. And they also didnât 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 didnât out of dubious and mostly short-term economical reasons. A short thread about why their reasoning isnât too convincing:
[The same economics professor changed her mind towards definitely closing all schools a few days later.]
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I donât 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. Itâs 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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âŠin the meantime the BAG changed their website to something âfancierâ. Someone should have told them to react to the issue and they probably misunderstoodâŠ
It must be also a heavier site because I canât open it anymoreâŠ
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 jokesâŠ)
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Well⊠at the same time S-Bahns are circulating fully packed with plenty of people coughing.
YesâŠnot good. But i canât see how they would shut them down completely and still demanding people to work. For me personally, i choose to drive a few extra miles each day to drive my girlfriend to work so that she does not have to take the public corona transport.
Did not claim that Switzerland is perfect, just wanted to share my views as an outsider. It can always be worseâŠIâm telling you now, Swedens numbers(if shown correctly) will skyrocket and go past Switzerland. We got the Corona about the same time as Switzerland, and we just banned events with more people than 500 participants 2 days agoâŠgreat job.
We have leaders that are so afraid of taking hard decisions and hard decisions are whats needed now. Ironically itâs the leaders that are bashed on this forum and other forums that are making the right calls now: Orban and Trump to name a few.
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