ABC Nightlife – COVID-19
In this episode of ABC Nightlife Roger joined Philip Clark to discuss what we should expect from markets down due to the coronavirus. People are panic buying in supermarkets and investors are panic selling on the stock market. With the S&P ASX 200 sinking 30 per cent from its all-time high on February 20. So what is it going to take to calm markets? Listen here.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
stuart griffiths
:
Hi Roger,
Firstly, thank you to yourself and your team for sharing your thoughts so freely. I really appreciate all of your measured and intelligent analysis. You mentioned about wanting to see the “whites in the eyes” of a recovery so you are not “shooting at shadows”. Just wondering what that may look like? Will, in its simplest form be a reversal(or signs of a reversal) of the three ingredients that signal a near bottom? I.E. Panic subsiding, no major liquidity crisis appearing, no major forced selling of equities?
Thanks again to the entire team, regards, Stuart
Roger Montgomery
:
Hey Stuart, look for companies announcing capital raising and deeply discounted rights issues. That will be one sign. Also look for maximum (irrational) panic and capitulation (giving up).