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Market. Bernie Sanders jumped up to the commanding lead for the US democrats. Even if he can't work, his policies are so draconian in terms of risk that it is a bigger risk than the corona virus affect on supply chains. A study Larry read said that about a third of good consumed in the world touch China, Japan and South Korea once. If those supply chains are broken… Half the people aren't working. The supply chains are broken and right now they are eating through inventory. He thinks it will be months before this all plays out in the world. Lower interest rates cannot help this.
DON'T BUY
A US oil ETF. Lower is probably where it will go from here. Demand will drop off. He thinks crude oil is going lower to the low $40's. He is very cautious on oil here.
WAIT
High dividend covered call strategy. These ETFs are the way to go. They have slightly lower beta and you get a much better yield. You don’t want to own these after a big sell-off.
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Perpetual preferreds are down today. One issue can be that the basket of shares are being sold. Perpetual preferreds are more like bonds. It could also be credit spreads.
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Gold Exit Strategy. Gold has a long runway here but will not go straight up. You could scale out when it reaches highs. He thinks previous highs will be tested. The world is headed to a place where they will literally be printing money to pay for things. Reduce your position to gold and then buy into dips.
DON'T BUY

ZDH-T is the hedged version. He is okay with exposure to the unhedged version. He would rather get the international version with covered call overlay. ZHE-T/ZWP-T.

DON'T BUY
This includes a lot of Energy stocks and financials. When global growth is stressed, these will underperform.
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Educational Segment. The Corona Virus. People have no idea how this I going to play out. Unlike SARS, we are at market highs. Corona is way bigger than the market thinks.
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Market. For the past few years it has been buy the dips on these kinds of reactions. The market is expensive so you will never be able to catch the bottom. The market was looking for an excuse to blow off some steam. You might want to nibble a bit but it is probably not over yet. The volatility will probably persist. He would be careful of companies with too much dependence on China. Defensive names, telecom, renewable energy, and utilities could be bought on dips but it is on a case by case basis.
WATCH
He likes the aging demographics. It has been clawing itself back after problems in the US and high level debt. They are focused on their home care and supply chain businesses. They are trying to now go capital light. He is starting to look at it. It is trading at a discount, relative to peers.
BUY
It is highly unusual for it to be down 17% in a day like last week. They are very global and diversified. He would not read much into it and at these levels he would see it as a buy. They have a rock solid balance sheet.
BUY
He owns 6-7% of the company. He still really likes it. This is the year we should see some huge growth as they are still in the process of commissioning a brand new plant in BC. They sell all over the world. He expects demand to keep growing. They will have to land one or two big new accounts to really get the new plant going.
BUY
This is a high quality, well managed company looking at re-development opportunities. He would not hesitate owning this one. They will make the best use of their properties down the road.
SELL
He is always very suspicious of a company with all of its assets in the US that lists on a Canadian exchange. Medical facilities in the US are a different market from the Canadian one. We've seen similar companies in the US where it didn't end well.
DON'T BUY
It does not fit his value style of investing. The valuation has reached nosebleed levels and there has been insider selling.