Name: Stock market disaster? Or buying opportunity? | Switzer TV: Investing
Uploaded: 2020-03-10T20:51:09.000Z
Duration: 36 min 3 s
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And they will catch up with poor Ricard and Charlie to see if they're worried.

Adverbs of manner

If there's a blowing up a cheesy and finally S T one from Prime Value will give us his insights into what he thinks is going on and how he's actually gonna play it.

But the question is, Is this the turning point, or will it get worse?

So without any further ado, let's go to Mark, um, A coffee and Julia Lee.

I didn't expect the 7.3% 4 of the 6 200 Did either of you expect that carving? 00:00:57.470 --> 00:01:5.840  I mean those oil price moves that we saw over the weekend this morning, being horrific and just putting it into context. 00:01:5.840 --> 00:01:8.680  I mean, it is a historic for way. 00:01:8.680 --> 00:01:10.200  Don't see this very often.

In fact, this is the second largest four that we've seen in the benchmark A 6 200 since it started in 1992.

And the only fool that's being higher than that, or bigger than that has Bean after Lehman Brothers in 2008.

It's October 2008 was the biggest one day for that, Uh, that was was that was born 7.3%.

I think it's your credit yourself because you're on live TV.

So after Wall Street's quiet, it could be getting clustered in because the old price story hadn't come out.

Wait, because I do read fundamentals. 00:01:59.480 --> 00:02:0.670  I listen to economists. 00:02:0.670 --> 00:02:2.400  I look the chance I do all those things. 00:02:2.490 --> 00:02:6.330  But for me, the thing that really determines what the market's going to do is its own accent. 00:02:6.330 --> 00:02:18.480  The price section tells the story, and, as we said last week, paid out when we see dramatic falls like this on double the average daily volume, it's a sign that this further damage to come there straight drops closing at the lows.

So I didn't predict the 7.3% full today paid up.

But I was expecting further falls because the price sections indicating that well, I had a couple of my colleagues were using more negative than May like Poor record.

What I thought was a bad indicated when he's more optimistic than May.

But I must admit, I didn't expect this, but I didn't realize the oil price probably gonna come.

But do you think the computer trading and 80 ifs are actually macking the volatility Much bigger swings? 00:02:50.970 --> 00:03:2.870  Because basically, you like our case If you're if you're in a T F, you're dumping the two areas, banks and resources, the other threat from the stories going on there. 00:03:3.020 --> 00:03:9.680  Look, I think we are seeing capitulation in terms of the market, and whenever you see capitulation, you do see things coming into the picture. 00:03:9.680 --> 00:03:11.960  You do see momentum traders selling.

But look, when you think back to the global financial crisis, I think there was a lot more marching happening then.

I think traders now most have lived through the global financial crisis, so they understand what happens in times of volatility.

Look, I've gone back in time and had a look at volatilities, and it does tend to cluster when you have a look.

At those days where we've seen falls of more than 6%.

Four of those were in 2000 nature in the global financial crisis.

So usually when you see magnitudes, our force of this magnitude, they do tend to cluster around certain events. 00:03:48.090 --> 00:04:6.180  So for anyone who's looking at the market as a bug and my general thumb, as I said last week, is to wait two months because the volatilities does tend to take 2 to 3 to start from the day or from where it started, so I'd be looking for opportunities on this is just may. 00:04:6.400 --> 00:04:20.590  I'm from around about May, and really, we're still waiting to see how the Corona virus develops, because that's at the core of the markets concern at the moment, but generally not shopping for stocks.

Are you watching, watching if some is ridiculous, she would buy.

If you know me by now, I wonder what it was wrong for you.

Afraid a little something I can't sleep at night.

I think in this sub environment, capital preservation is key.

And look, we talked about the financial impact, but there's going to be a lot of real world impact.

Sierra's well, So you gotta feel for retirees who are gonna find it hard to find a yielding terms term deposit Any contractors out there There's gonna be a fibula pavement maker.

If Donald Trump raise up the shaking, says, Hey, cut this out.

And why election chances? 00:05:0.600 --> 00:05:6.790  Yeah, with shake Do is you still would that be good for the markets guy? 00:05:6.790 --> 00:05:17.480  Fred, I'm staying out of politics, but if letting me impudent turned around tomorrow and said, Hey, we need to deal with Saudi Arabia The last time their head that's off longer hood thing markets went down.

I remember is on my TV show talking about Hang on.

The Economist Lower oil process should be good for the economy, but stock markets kept falling.

Assumes those cutthroats got the gathering and cracked the deal up.

The market went This is a story you record.

And It's remarkable because economic 21 tells us inputs go down.

It should be a positive for the market, but the markets, instead taking this a signal off demand and that it really was just a spiked.

I don't really think the oil prices that important market thinking, but when you see a market, a global market moved 30% it makes people think something unusual is going on.

I think that's what we saw panic tonight on.

Do you think there are a lot of people I don't know what's going on, but I'm getting Um, Look, I think we saw the fear from a few weeks back and I think this is just escalated that the fear that we are seeing, I guess looking at oil prices it does act like an interest rate cut for consumers.

But the thing to remember is that some economies and net exporters of oil and someone that importers of oil, unfortunately for a stray away net exporters of oil so doesn't show their bowels will reach other by.

Well, you'd have to feel for cow takes you to have to think that that takeover offer is probably under threat at the moment, Given what we've seen in terms of the oil price on look, the huge market reactions we've seen in terms of those oil companies stay all socials down a huge 35% in one session.

Unfortunately, you're not very all you haven't had much experience that market.

But for our investors who aren't short to visit, you don't impress you in the short run.

Why wouldn't they look at these great oil companies? 00:06:59.470 --> 00:07:4.690  And so we'll take three of you that you know Santos is gonna be a little bit better. 00:07:4.690 --> 00:07:6.520  And what else? 00:07:7.930 --> 00:07:13.900  Woodside Petroleum got hit very hard to get along so well.

You look like a guy who does, actually, but I have to do what I say.

Now, why do I have covered for my poor father?

So I've got room under that they give you told us through.

Four weeks ago, before it happened, it was $70,000 for 95% insurance on the $1,000,000 portfolio.

So anybody has spent that 7 $8000 now has an option worth 200 something $1000.

It 24 just got to show you that recruit dummies for my shot.

I didn't say that, but I couldn't find also today payday, just at $3.

50. 00:07:57.550 --> 00:08:0.630  It then tried it down to 3 27 said in your face McCarthy. 00:08:0.690 --> 00:08:2.820  But that's not gonna buy it for my sake. 00:08:2.820 --> 00:08:7.440  But for the long term, and for me, that was the level, and that's a really good point. 00:08:7.440 --> 00:08:11.560  You know, you have a short term basket, you have your medium term Basque and you have your long term basket.

And in the long term, saying another 46 years time, are we really going to be looking back at the coronavirus?

Are we still going to be talking about the coronavirus and the impacts, or is this a potential opportunity?

Yes, volatilities usually takes about 2 to 3 months to work itself out, but if you're looking at that longer timeframe, you'd have to be looking at him as a potential.

Well, I my hands were to do the growth of it, copped it today but it's a really safe column investment.

It rebounded to 17,000 to 23 or something like that.

But like Magellan, Magellan has been copping it.

And we know what we're great fund manager.

But yeah, that's gonna be a buying opportunity for somebody wants the white.

The medium term. 00:08:56.340 --> 00:09:0.220  Yeah, and don't forget that dividends do act as a buffer to the volatility. 00:09:0.220 --> 00:09:8.640  If your companies are still making stable cash flows and you're still getting paid out those dividends, you get them paid out, regardless of whether the market goes up with down. 00:09:8.660 --> 00:09:9.710  Yeah, exactly right. 00:09:9.720 --> 00:09:11.460  That's why I like the safety difference.

Yes, well, the other things, too, if somebody's got a diversified portfolio.

Of course, assets that have been had a big win in their bond portfolio tonight, with US Australian 10 year bonds trading to their lowest yield ever.

It's a tool that all investors can use from the smallest of the largest, and those have employed it carefully across the assets classes haven't done is badly.

You guys leave until you give me your theory.

One stop for another one from you But when you eventually stop worrying about 40 knives, one of the companies that really copped it that you want to be by, well, I'm mostly in cash at the moment.

But I have held on thio few stocks, ones.

The gold stocks they're just holding won a gold and resume as well. 00:09:55.670 --> 00:10:2.440  The fact is that the Osceola he's on a precious those companies making a lot of their earnings offshore they're gonna benefit from that. 00:10:2.800 --> 00:10:9.550  Almost pushed because there's a lot more viewers be thinking when after pie. 00:10:9.940 --> 00:10:11.610  Zero thistle.

Beautiful love tech stocks today, the height of public zeros.

But should people think about buying these for a year's time?

Light sticks I'm enjoying You are like a rising todo has been doing badly.

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