Recovery Phase (Our biggest trade partner ) China South Korea
Buildup phase Germany UK
Basket Case Italy Spain Iran
Early intervention + Stimulus Australia USA
Timebomb Africa Sth & Central America Phillipines Russia
Dow Jones 21% down (off high) after Friday XJO 23.5 % down off high
I guess for airlines, travel, infrastructure (airports), retail (discretionary), managed funds it's going to be tough
For banks (govt would step in) exporters (low $ will buffer earnings), small caps (either not producing any material yet or supplying any service yet) , healthcare (established and pre production ) it is perhaps an opportunity to find value
Anything China / South Korea facing may not be so badly off either
