RE: Can coronavirus infect the global economy and your stock portfolio?

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Can coronavirus infect the global economy and your stock portfolio?

in hive-167922 •  5 years ago 

It absolutely does effect anyone's portfolio if invested in anything of widespread accepted value. Oddly enough since this has been going on, crypto has really spiked probably not a coincidence, especially altcoins, a lot. I have read and listened to people that any kind of serious slowdown, or the possibility of a worst case scenario is not at all being priced into markets, which I totally agree with when US markets are hitting all time highs in the middle of this. Millions of people that have access to this story regardless to how limited the information being spread about it are thinking twice about ordering anything from China at the moment. Even if this lasts for say another month or two that is a majorly affected fiscal quarter of the year gone for the Far East's number one economy and the physical producer of many of the planet's goods with any significant resource input. Yes, this will cause a stir and slow down at some point probably sooner than later when the excuse will be "It was a bigger deal than we thought." I will almost guarantee that being the explanation in markets across the world, especially in the US where we are in complete denial of economic reality.

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BTC rally is altcoin risk-on. And BTC has definitely behaved like a safe haven multiple times now. There is lot of institutional interest in it and may that is why it is behaving like safe haven.

The world should react soon, may be since equities are following Central Bank action, may be Central banks will react before equity markets wake up but it could definitely be a case of, as you said, "it was bigger than we thought".

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I have just recently and finally started getting into the precious metals, especially silver. I am becoming quite a follower and am really curious to see where that ends up when the dust settles.