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The market reaction to this is absolutely nuts. Like a whole tesla-semi full of nuts. More people have probably been killed in office-equipment related accidents this week than this virus. Its a total non factor.
Honestly starting to wonder if the current combination of a clueless 'market-analysis' class coupled with clickbait-fed media hunting for panic-clicks and ad-impressions has maybe rendered the entire concept of a stock market ridiculous.
There is no *analysis* being done of the true impact of any event on a companies *LONG TERM* future. Does anybody out there really think that teslas long term economic value has been reduced permanently by 20% because of a virus at the start of 2020 thats so far killed under 5,000 people?
Its not just tesla, the impact on all stocks is insane. Even if you are a widget seller in the US, and 100% of your widgets are made in china, and 100% of your chinese widget suppliers are still closed...then yeah, you might see a Q1 or even 2020 profit dip, but long term?
China had a disease outbreak that they now seem to have under control. This virus has not wiped out the entire country. This is an awesome buying opportunity for peop-e with dry powder.
edit: just stuck another £5k in my trading account for short term, anticipating a recovery. the minute its liquid im loading up.
Honestly starting to wonder if the current combination of a clueless 'market-analysis' class coupled with clickbait-fed media hunting for panic-clicks and ad-impressions has maybe rendered the entire concept of a stock market ridiculous.
There is no *analysis* being done of the true impact of any event on a companies *LONG TERM* future. Does anybody out there really think that teslas long term economic value has been reduced permanently by 20% because of a virus at the start of 2020 thats so far killed under 5,000 people?
Its not just tesla, the impact on all stocks is insane. Even if you are a widget seller in the US, and 100% of your widgets are made in china, and 100% of your chinese widget suppliers are still closed...then yeah, you might see a Q1 or even 2020 profit dip, but long term?
China had a disease outbreak that they now seem to have under control. This virus has not wiped out the entire country. This is an awesome buying opportunity for peop-e with dry powder.
edit: just stuck another £5k in my trading account for short term, anticipating a recovery. the minute its liquid im loading up.