|
In response to
"I see that the market, uh, did not rally at the end like I expected -- nm"
by
ty97
|
I'm expecting now that, of course, shit is going to stay shitty while this virus runs through the US and the rest of the world. By the time that
Posted by
oblique (aka kkuphal)
Mar 12 '20, 13:24
|
finishes, you will see certain markets start to recover. IIRC it took about 4 months for the airlines to fully recover after SARS and MERS with SARS being a far worse impact. The real pain is going to be not from the virus affected industries directly but the knock-on effect we're not going to see for a couple more months. People are going to get laid off because of all these closings. Huge industries are going to get decimated. I expect we're going to see some significant bankruptcies as a result. It wouldn't surprise me if this whole thing disintegrates ala 2008.
That being said, my "play" account is now shorting the Russell 2000 while holding some airline stocks as well as a couple other stock plays. The one nasty failure I'm still holding onto (I pulled out of the bonds at roughly even today) is a clean energy fund. I'm not sure the play on that with what oil has done.
|