I might not get filthy rich off of this but I've been working to get myself in a good cash position to take advantage of a correction and I plan to capitalize.

It is irrational. We're not really in the heart of travel season. I'd be more concerned if we were coming into summer travel time and this was hitting but we're not. This too shall pass.

I cancelled trips to Italy and Morocco over the weekend. Everyone I know has canceled travel plans.

With the world economy slowing and U.S. Corps taking on massive debt with cheap money, earnings will decrease substantial 2 to 6 months out, many won't be able to service their debt. That and the combination of businesses going under and the Corp. tax cut, tax revenue will be substantially lower leading to an even higher incredible deficit and debt.

Good times to come.

Even if this virus passes quickly, which is a big if, I rather doubt that people will want to travel very soon. Even if they have the money, which a lot won't.

In the 1970's, the DOW fell from about 1050 to 577. Lets call that an even 50%.

People will be staying home. Netflix and Roku may benefit, at least temporarily. Their stocks are going down like all the others right now.

Buy?, and when?

Any other stocks or ETFs?

Why won't a lot of people have the money to travel? Was everyone planning to use stock market gains for travel? I'm not hearing about massive layoffs. Interest rates are crazy low which means some will do a cash out refi to put money back into their homes with improvements they've been wanting to do. Others will take that money and travel because plane tickets and rental properties are going to be CRAZY cheap.

Sheesus MSFT and AAPL are looking tempting!

Meh.. I looked and AAPL is still WAY off of its 52 week low. I'm sitting it out.

I bought a couple different dividend paying stocks yesterday afternoon and all of them ended lower than what I paid.

Today they are all above what I paid. I've given up on guessing what tomorrow will bring.

Dividends will pay for the rest of my life, and hopefully longer, so who cares:)

Yet, Covid is in decline in China and SK. Two of the world's largest suppliers of, well...almost everything. Nope, not ready to sign up for the doom and gloom club just yet. I think by early/mid summer, this will be history and many will do very well as the markets recover.

Could be. I'm more concerned about the fundamentals, namely the current admin's addiction to Keynesian economics. It's one thing for government to cut taxes and spend wildly to boost a recessionary economy, quite another when the country has been doing so well for so long. The deficit and debt are more out of control than ever before. Couple that with Corporate America borrowing beyond it's means, we are only a true catastrophe away from serious recession with the Fed's tool box already used up. I hope that covid-19 isn't that catastrophe. But even if it isn't, prudent economic theory should be put in play.

I'm a pragmatist and more conservative than most, true. I guess we all hope for the best.

a Recession is looming

We don't need stimulus at the current time. People have money but are going to stop spending it while holed up in their bunkers. It depends on how long this drags out on how bad it could become.

Millions.

Remember that.

"What is the number of Tweets spreading Coronavirus misinformation."

If that's the criteria, BA is at 2 year low.

Billions.

This looks pretty good:

https://www.flattenthecurve.com/

Information changes fast. Some of it is dated

"Moreover there are 6 states that still don’t have a single lab ready to carry out the test even if they had one in their hands. "

CDC today
https://www.cdc.gov/coronavirus/2019-ncov/testing-in-us.html

This map includes states and territories with one or more laboratories that have successfully verified and are currently using COVID-19 diagnostic tests. As of the evening of March 9, 79 state and local public health labs in 50 states and the District of Columbia have successfully verified and are currently using COVID-19 diagnostic tests.

Ostrich.

My wife and I are positioning cash to get in, but I don't think we are remotely close to bottom.

Yeah..... for the last 3 years according to some.

Meanwhile in the real world, phone is still ringing and people are still buying! Just sold two today... with the coronavirus and the market drop from yesterday!