03-03-2020, 12:54 AM
(03-02-2020, 09:16 PM)crimsonghost747 Wrote:(03-02-2020, 09:47 AM)fenders53 Wrote: OK, so what does "shorting the Frenchies mean?"
I put a short on the French main index, CAC40. This is a pure virus play.
The virus, if it manages to spread as it currently has, should hit there properly in about a week or so. They aren't doing too well on the economic side anyway and there is a lot of social tension there mainly with the immigrants. Plus, they are already super dissatisfied with the government (yet again) and they actually have a tendency to do something about it rather than cry on social media.
Plus it has a pretty nice composition for this virus scare: travel companies, oil, automobile industry and of course a couple of luxury products companies. I see all of those suffering pretty badly if this thing.
I figured it was probably an index.