Good move @Cljping.Shorts on oil seem to be the go, also. At...

Good move @Cljping.

Shorts on oil seem to be the go, also. At present, short positions seems to be vogue strategy, unless like Cljping one punts for gold. But he wisely isn't selling LPD at these prices (sub 1s). This phase will pass; it also demonstrates how dependant countries are on free trade and globalism. Isolationist policies such as those espoused by the current USA administration (Trump & Co) what the consequences are when national borders are closed to free trade. No international economic/social/political contact results everyone being worse off in every sense. Let's all hope when we come out the other side of this crisis that the cost of closed borders is too high.

One may argue that it is open borders that led to this disease being spread world-wide. However I would say that the benefits in the long-run greatly outweigh the costs. Disease has always followed mankind and will continue to do so. But what we don't do as did Trump, is to cut-back those infrastructure dealing with health and disease, cut-back on inventory medical supplies necessary to fight the virus', and on-going research.

Nothing on the horizon yet to thwart COVID19. All they have on hand is a drug created for rheumatoid arthritis from Swiss drugmaker Roche’s anti-inflammation drug Actemra for patients who develop severe complications from the coronavirus. China is in the process of using this drug to help save patients' lives by avoiding catastrophic organ failure.

I see no reason for LPD to greatly affected in its current program of development. International travel by Board is likely to be reduced, however this can be compensated by webinars.

As @kingharris points out, the collapse in WTI oil price may slow down the switch across to EV, power suppliers, etc. but that will be temporary at least. Macro-demand will eventually return to normal levels after the recession - that is expected in Sept and Dec 2020 -- which will likely take off 0.5 to 1,5% growth off the GDP through those quarters.

Usually, stock markets anticipate recoveries prior to the recessions ending and since it's 28 years since we last had such an event, many people are not familiar to what occurs. Living history doesn't have a long memory -- hence the degree of panic. One thing we have got as an advantage on this occasion is that the Australian share market isn't over-leveraged and exposed as it has been in past crises, e.g., 2007 -- 2009 crash.

We'll get through this, take care all.
NPJ