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End of the China Bull? Part 2.

Discussion in 'International Markets' started by frugal.rock, Feb 9, 2020.

  1. frugal.rock

    frugal.rock "Time wait's for no man"

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    So, some first hand news from the Missus in Beijing.
    Shop's and restaurants are closed in general.
    Some supermarkets are open and playing a new government issued song about wearing a mask.
    It's become a little popular apparently.
    Masks are to be worn outside at all times.
    There's 4 to 6 inches of snow.
    Road travel into Beijing is restricted.
    The roads are empty.
    As far as I see it, the bull market is over, at least for a while until the virus gets contained.
    The country is basically shut down.
    And probably will be for another fortnight or so at least?
    Meanwhile, for all the business owners who can't do business, it's going to be a case of survival of the fittest or wealthiest.
    F.Rock
     
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  2. Trav.

    Trav.

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    https://smallcaps.com.au/china-hit-hard-by-growing-coronavirus-crisis/

    Article from the 4th Feb highlighting some of the impacts.

    This caught my eye for some reason so I googled the effects on temperature and the virus which lead me to this site which referenced a study about virus survival and temperature which I found interesting as I initially thought the opposite ( doh!! I am only a sparky and not a microbiologist ) and the cold temperatures will not be helping in the northern hemisphere

    https://www.accuweather.com/en/weather-news/what-you-need-to-know-about-the-wuhan-coronavirus/669458

    upload_2020-2-9_4-58-32.png
     
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  3. qldfrog

    qldfrog

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    Yes Cold preserves: slower longer

    Was wondering about that and the effect in the ski stations with the contamination happening in the French Alps.
     
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  4. rederob

    rederob

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    Just to put this into perspective I suggest you read this.
    The coronavirus is a new strain and getting a lot of attention as a result. Like all similar viruses the most at risk are elderly, any typically suffer underlying medical conditions or had poor immune systems at time of contraction.
    I make a point of getting a flu shot every year and while it might not give immunity to all the viruses out there it does seem to help my body defeat other strains when I am in good health.
    Back on topic about the China bull, it will be interesting to see data over coming months to see what impact the virus has had on production as distinct from consumption.
    My suspicion is that this new virus will melt into the fabric of global diseases and in the meantime we will try to develop a vaccine as we do with other viral diseases.
    Personally, I am more worried about idiots on the road than those to ignorant to cover up when coughing.
     
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  5. frugal.rock

    frugal.rock "Time wait's for no man"

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    Maybe I missed it reported here, but the public holidays in Beijing at least, have been extended indefinitely.
    Train's are empty.
    Don't know if factories in regional areas are open?
    I imagine they are mostly closed due to the timing?
    All the people are stuck where they went! for the Spring Festival public holidays, usually their home town.
    If anything current is going to fuel a market correction, this is it.
    Certain stocks will be hit hard...or harder than they already have been.
    Things to consider.
    F.Rock
     
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  6. lusk

    lusk

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    When mortality rate is 100%, and the dead start walking maybe.
    If its not happening in the US its not worth worrying about.
     
  7. qldfrog

    qldfrog

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    I am afraid it seems @lusk is describing the general attitude here. not withstanding the fact China is much more important economically for us than the US and the latest Democrat nominee brainfart.
    Lessons need to be learnt
     
  8. Dona Ferantes

    Dona Ferantes

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    one newsletter writer is laden with worry, in fact going so far as to say: "For China, and the world, this is one BIG Black Swan and its name may be Minsky."

    The Pain Report
     
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