Where Is My “ Bear “ ?
Fear ? No More
You may notice that market continue to perform well , rebounded strongly after 1 or 2 days blip and dip crisis after crisis. US and European stock indices closed at record highs, while their Hong Kong and Chinese counterparts built on a rebound, as investors calmed their nerves over the new coronavirus outbreak that has swept across Asia.
Even in previous Iran-US geopolitical conflict, market also look very calm.
Trade war – no fear , Iran-US Geopolitical crisis – no fear , COVID-19 Coronavirus Crisis – no fear
This Time Is “Really” Different
As I mentioned before, market looks very calm crisis after crisis , so this time might be “really” different, with so much liquidity and lowest interest rate for such long period of time.
HKG/SHA Index rebounded close to 1% even with below news as headline of impact on new coronavirus to China's housing market.
Like I blogged before , market is unpredictable , when you think it will down , it goes up…
Instead of trying to predict the direction of market , which is hard , we might as well try to "live" with it and accept the truth that market is unpredictable and volatile.
Why not just :
Some of the companies start to announce their quarterly or year-end results. I am expecting to collect $51K of dividend in 1st Quarter 2020 , but moving forward , due to weaker economic situation impacted by this COVID-19 crisis , some company may force to cut their dividend in coming quarters. If you are depending on “passive income” to cover your monthly expenses , you may need to do some “stress test” on how much you could survive due to these dividend cut.
Lastly , let’s keep our fingers crossed and hope that situation of COVID-19 may get better and pray for speedy recovery for those being infected.
Chart Of The Day :