Corona Virus has significantly slowed the economic activities in economic engines of the world.
China - has still not come back to normal although the trajectory is upwards
Europe - is slowing down as the virus spreads and Italy faces a complete lockdown.
US - It's still time before one sees the peak of the damage done by the virus.
China - has still not come back to normal although the trajectory is upwards
Europe - is slowing down as the virus spreads and Italy faces a complete lockdown.
US - It's still time before one sees the peak of the damage done by the virus.
WHO report as on 9th March 2020
India has as of now 50 reported cases of Corona Virus out of which 16 are Italians. The spread of the disease so far remains controlled but the risks remain.
Meanwhile Oil is the other news which had a dampening impact on the markets.
On the 9th of March 2000, Oil prices have suffered their biggest fall since the day in 1991 when American forces launched air strikes on Iraqi troops following their invasion of Kuwait.
Saudi Arabia, the world's top exporter, launched a price war over the weekend. The move followed the implosion of an alliance between the OPEC cartel, led by Saudi Arabia, and Russia.
The kingdom and Russia came together to form the so-called OPEC+ alliance in 2016 after oil prices plunged to $30 a barrel. Since then, the two leading exporters have orchestrated supply cuts of 2.1 million barrels per day. Saudi Arabia wanted to increase that number to 3.6 million barrels through 2020 to take account of weaker consumption.
But Russian President Vladimir Putin, worried about ceding too much ground to American oil producers, refused to go along with the plan and his energy minister, Alexander Novak on Friday signaled a fierce battle to come for market share when he said countries could produce as much as they please from April 1.
Investing
"One of the greatest things about investing is that the only real penalty is for making losing investments. There is no penalty for omitting loosing investments, of course just rewards. And even for missing a few winners the penalty is bearable." The Most Important Thing : Uncommon Sense for The Thoughtful Investor by Howard Marks.
"One of the greatest things about investing is that the only real penalty is for making losing investments. There is no penalty for omitting loosing investments, of course just rewards. And even for missing a few winners the penalty is bearable." The Most Important Thing : Uncommon Sense for The Thoughtful Investor by Howard Marks.
So on a risk return basis we wait patiently.
The one thing which is required to buy stocks at a good price is money - which we have ample - as profits have been booked and there is ample cash on books.
Right now in times of this much fear... even the greed needs to be in control.
DISCLAIMER : THIS BLOG IS FOR INFORMATION AND NOT TO SOLICIT ANY BUSINESS. PAST PERFORMANCE IS NOT AN INDICATION OF THE PERFORMANCE OF STOCK IN FUTURE. EQUITY STOCK INVESTING IS A WITH RISK INVESTING INCLUDING RISK ON CAPITAL INVESTED. PLEASE TAKE AN INFORMED DECISION BEFORE INVESTING IN A EQUITY STOCK
