Quote:
Originally Posted by elkhunter11
This will hurt us all, but at least sitting on cash, I can buy back in and perhaps still make a profit in 2020. And it isn't just the virus we have to worry about, the rail disruptions will add to the pain. This mess could takes months to resolve, so consumer confidence returns to the markets.
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I'm in cash but I don't feel particularly safe in the long run. This event could very well be big enough to put banks at risk and potentially cause a big financial reset.
And for those inclined to read too much into this. No I don't think banks are going to collapse in a few days or a month or even a few months. My concern is that this virus will reek havoc on economy for a year or more. The whipsaw battle between containing this virus and maintaining an economy and supply chain is going to be TOUGH based what I've observed over the last month. This virus spreads very efficiently and is more nasty than most are giving it credit for. Interesting to see a bunch of top Iranian officials are now confirmed infected. I foresee some instability in Iran as a lot of their leaders are in the older demographic. Concerning times.