Woolies Keperra in Brisbane this morning
No more cheap paracetamol or ibuprofen, no more hand disinfectant, rice mostly gone as was toilet paper.no mask left at Bunnings
So the market dropped like a stone on opening but managed to recover for the All Ords to be "just " 50 points down.
Does that suggest the market has reached its low point and that maybe its time to buy back in ?
Maybe...IMV I don't believe we have seen anyway near the amount of unwinding of business activity that one might conceivably expect if the virus spreads and we follow the path of China, Sth Korea, Italy et al. If that is the case then in the next 1-3 months there will be big pressures on businesses, building, banks, retail . I think that will pass through with new profit guidance's and many possible business closures.
Unemployment will jump and with the risk of involuntary quarantine the risk to retail spend and home payments can only increase.
I think the Government has to take steps to underwrite the economic survival (not profitability..) on business and workers to get over this hump. As a first concurrent step I think senior management should at the least take a very big salary cut . If you have been on multi millions dollar package for a few years you can well afford to leave something behind for the business and staff.
I've no idea whether or not dead cats actually bounce, and I've no intention of testing that theory although I note that my live and healthy cat seems to like jumping off the roof and lands in the garden, but this would be the "dead cat bounce" I think.Does that suggest the market has reached its low point and that maybe its time to buy back in ?
I've no idea whether or not dead cats actually bounce, and I've no intention of testing that theory although I note that my live and healthy cat seems to like jumping off the roof and lands in the garden, but this would be the "dead cat bounce" I think.
A popular Sydney Chinese restaurant famed for its yum cha has collapsed as the sales slump from the coronavirus outbreak begins to claim its first major victims.
Parramatta Phoenix, based in the suburb’s Westfield Shopping Centre, was placed into voluntary administration this morning. A related business, Darlinghurst Asian fusion restaurant Mister Dee’s Kitchen, has gone into liquidation.
It's not the flu though. I don't believe it will be slowed by warm weather. Look at Iran.
I heard it does?Yea it doesn't.
People suspected of having coronavirus could be immediately detained by authorities, and face arrest for the first time if they defy orders, under tough new powers to be rushed into law on Tuesday.
I think I just saw it go past my window.On another note. I am now officially bored of coronavirus. Queue dead cat for bouncing.
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