Financial news and stock markets.

[Shadow.97]

Note that I see a lot of bullishness for the European markets for the rest of the week,despite the fact that Italy is quarantined. I think that the markets were waiting for strict measures to deal with the Coronavirus.

This Coronavirus thing has reached a point of mass hysteria. My lady's sister in Mexico called to tell us it was next to impossible to obtain antibacterial soap or any sanitizer there. Even here in San Antonio where there has been just ONE case, these items are hard to come by. I heard on the news that the NCAA cancelled its college basketball tournament, and the NBA has cancelled some games. All this due to massive gross exaggerations by the news media fueled by sheer panic for a disease that has a kill ratio well under 10%.

Be advised I'm being realistic and not complacent. If this were Ebola I'd be more seriously concerned. BTW, you guys DO remember Ebola, don't you?

There were no hand sanitizers, toilet paper or bread when I went to buy food yesterday.
I do certainly remember Ebola and Kony2012

Regarding stocks, I was actually planning on trying to buy some yesterday, but found out that I have a limit on my account so that I cant send any money internationally unless I wait a few days. So.. Yeah!

[scarface]

Actually, I still see a lot of bullishness ahead for the markets, when the coronavirus melodrama is over.
On these levels, many European stocks have become pretty cheap. Fnac Darty or Airbus lost half of their value over one month.

However, I still see some downside potential for a few American stocks. For example Tesla. And today, despite the fact the Wall Street is going up, Tesla is losing 5%.

[humbert]

How much money do you have invested in stock? Give us an idea of how much money you've made, or lost? I'm just curious as to why people invest in it. To me it's not much different from playing in a casino.

[scarface]

I won't reveal how much I have. But what is important is the long term. Since the beginning of the year, I'm losing 10% of what I invested. I was right at the beginning of the year because I had no stocks. The market was too expensive. However I bought stocks in the middle of the fall. It wasn't a good idea. But I think they could go up when the coronavirus episode is over.
I invested in Natixis (they are up today). At the current price the yield is 17%...
Many stocks collapsed. Look at Boeing or Tesla, they keep going down today.

[scarface]

Note that the Wall Street futures are pointing to another market decline.
They are currently down 1100 points.

[scarface]

Note that on the current levels I think it could be an opportunity to buy stocks on the cac 40.
I don't know what to think about airplane makers though. They were grossly overvalued before. And despite the fall of Boeing (-15%) and Airbus (-16% today), I don't know if there is a big upside potential. But on the current levels, French car makers are pretty cheap. Sanofi is a solid company that can be interesting too.

[scarface]

Note that I sold 25% of Natixis yesterday (at 1.80) and today (at 1.88). Oddly enough the stock just lost 4% from the top. For the rest, I will sell above 2.20â,¬, or I will buy back the same positions below.
Note that I think the cac 40 could go back to 4100 points. Since Wall Street is losing 1240 points right now (once again), a rebound of the stock markets could take place (at least on the short term).

[scarface]

Note that Uber, Tesla and American airlines are crumbling.

[scarface]

I was speaking of rebound and I was probably mistaken. The Dow Jones is now down 2250 points.

[scarface]

Finally, the Dow Jones "only" lost 1338 points. For those who have stocks on the European markets, we can be reasonably optimistic about a rebound in the next few days. I think the cac 40 could easily go back to the area of 4000-4100 points. If you are looking for stocks, on the current levels the European banks are pretty cheap. And if you want to invest in the health sector (defensive stocks), I advise you to buy Roche, Sanofi and Novo Nordisk.
Among the stocks that collapsed today in the US and in Europe we can find: Airbus -22%, Boeing -17%, Tesla -16%, CNP -21%, Chevron -19%; Coca cola -10%, Nike -8%...