Uh, Markets getting crushed as Virus ramps up
- Thread starter dustinw
- Start date
Can you believe when I posted that the market was 4K points higher. I feel bad for those who didn’t take it serious.
Futures down only 1k
I am afraid this virus is about to spin out of control. Not because of actual infections but to people staying home.
It won’t be long before they shut the trading floor door and tell everyone to work from home.
If this thing blows over and ends up being nothing this is going to end up being the biggest overreaction in the history of overreactions.
It won’t be long before they shut the trading floor door and tell everyone to work from home.
If this thing blows over and ends up being nothing this is going to end up being the biggest overreaction in the history of overreactions.
Last edited by a moderator:
I know for a fact many colleges are telling instructors to have plans to do classes remotely. Schools are prepping to shut down. I think we'll see mass hysteria in the coming weeks. I'm not saying it is valid but you can just feel it coming. This is going to be a very challenging period for all of us I am afraid.
True, but this is 50x compared to the Y2K panic zit. Media tried to squeeze a teenage acne eruption out of it....and nothing. All systems fine. However...
This is a now a boiling cyst originating from a dystopian communist country who has done nothing but suppress the truth. Blame others. Hide all faults. Lots of citizens will die, but commies don't care about the individual. It's what commies do really well. The media is literally pouring gas on the fire now. See my thread on the "Pandemic Pantry" WTF.
it's not the virus itself, it's the panic that is here and only increasing. You can blame the irresponsible media for this. Wait and watch. We might be watching the March Tourney with empty venues.
Guest
If it’s not a big deal, why are CPAC members going into self quarantine, including members of Congress ?
Its just the media saying they are. Just like the media has generated thousands of deaths from the virus. All the media's fault.
Thousands of deaths, while tragic, is nothing. NOTHING. Worldwide, 150k people die each day. Each and every day. If 1500 people die every day from covid-19 or whatever the hell they're calling it, that's only an increase of 1%. It's actually beneficial because the world is overpopulated, but to hear it from the news, this is an extinction level event.
Reminding people you were right over and over is one of life’s greatest pleasures
It’s a problem because of how quickly it has spread, the death rate is higher than a normal virus, and there is no known cure/immediate health steps to stop it.
Yes, there is some sensationalism in the sense that death tolls are a way higher percentage in the older and younger population along with those with auto immune deficiencies. That is true and it’s not highly reported. But this isn’t just a normal virus.
Also, the we needed this for overpopulation is a hell of a take. If it was one of your family members that dies from this can we say it was beneficial for the world? Would that be ok?
Guest
You’re right - why then should we care about finding cures for specific types of cancer, investigating better ways to reduce mortality among patients with myocardial infarction, develop better antibiotics to combat infection with uncommon microbes ?
In and of themselves , deaths from these particular etiologies are not high on a daily sense. Screw it, let’s stop investing money in these things and let people die. World is overpopulated anyway.
115 people die of breast cancer per day - don’t know why the media even bothers talking about breast cancer on TV. Hell, there’s even a breast cancer awareness month, and sports teams even wear pink ! The audacity
Guest
It’s been widely reported that deaths have occurred mostly in people over the age of 50. But that’s in known cases - how many deaths are there from COVID among younger cohort that occurred without that patient being tested ? We don’t know.
also, death rates from infectious etiologies (and most things) will be higher among those with immune deficiencies (not autoimmune deficiency...)
@Tillman28
Just curious on your thoughts, I know you have been in disagreement with me throughout this.
@TigerOnTheRidge
I feel like you have mentioned you are in the industry, you hearing anything on all this, if I am wrong then my apologies
Just curious on your thoughts, I know you have been in disagreement with me throughout this.
@TigerOnTheRidge
I feel like you have mentioned you are in the industry, you hearing anything on all this, if I am wrong then my apologies
Last edited by a moderator:
This part is what stuns me to hear people say. If it was their elderly parent or young child that died from this would they be glad since it was just “population control”?
Guest
Hard to be tough on posters when the presidents son didn’t think the markets would take a hit - he wrote this on February 28th. February 28th
1. Im fairly knowledgeable on the subject matter. It's my career on a technical level.
2. You posted a 'buckle up' / panic thread bc the china markets closed trading on futures and I said you were overreacting.
3. I don't follow you and haven't been in disagreement with you throughout anything
It’s the fear factor! The media and others are pushing this thing and making people feel it’s the end of the world, stay home, run and hide, blah, blah, blah. Where is all the outcry from the Flu? It’s killed more people this year than the coronavirus!! But you see, the flu isn’t new and it doesn’t push this media agenda and fear mongering...R E L A X!
Guest
the death rate from COVID is much higher than the flu. I don’t know how people can’t grasp this
Shutting the trading floor wont mean anything. Most traders can access their systems remotely and the exchanges make us practice connecting to the Emergency Data Centers twice a year. The switch can happen overnight if needed. Additionally, the exchanges have updated all traders with their pandemic planning procedures.
My money is that this is massively overblown. However, that doesn't matter when it comes to market psychology. Additionally, the market should be selling off as there is much more uncertainty and some businesses will truly be hit.
However, in a macro view, 6 months from now I think we will be through the worst of this and Corona virus will be in the rear view mirror. Interest rates are being lowered to give businesses time to extend time horizons.
If you have the risk appetite and a long term investing horizon, I think the odds are good the market will be higher in a year or two. Gonna be hard to pick the absolute bottom so just buy a little bit every day and you will be happy in a couple years.
Keep up the good work man. The more you and people like you continue to spiral into a panic the better.
Plenty of us will keep level headed, make good decisions not based on fear, and come out of this in a great position. I’d invite you to join us but you seem to be squarely opposed to such thoughts!
So far, the new coronavirus has led to more than 100,000 illnesses and more than 3,000 deaths worldwide. But that's nothing compared with the flu, also called influenza. In the U.S. alone, the flu has caused an estimated 32 million illnesses, 310,000 hospitalizations and 18,000 deaths this season, according to the Centers for Disease Control and Prevention (CDC).
also:
World Health Organization Director General Tedros Adhanom Ghebreyesus said at a news briefing March 3 that the global case fatality rate for the coronavirus is believed to be about 3.4 percent, higher than the 2.3 percent reported in a China CDC study released in February. But a study published in the New England Journal of Medicine last week found a death rate of 1.4 percent among a group of 1,099 patients, suggesting the rate could be lower than those reported by the WHO and Chinese officials.
Guest
None of what you wrote has failed to disprove my point that death rate from COVID is much higher than that of the flu. 10% of all comers with COVID in Italy have required icu care, which is an incredible number
where is the .gif of the reporter kneeling in water to act as if deep and the two walk right behind him...that is about right on par with this. Everyone of them trying to " out talk" the other to get viewers.
last update
111,351 total cases worldwide
3,8882 deaths
62,661 recovered
38,829 active cases
5,979 in serious or critical condition
3,120 of the deaths have taken place in China out of 80,739 cases and 5,111 of the 5,979 in serious condition are in China.
The US has had 554 cases w/ 517 active. Just 22 deaths with 10 being in one hospice facility...coronavirus did not kill them. Their diagnosis did. Only 8 currently reported in serious condition.'
It is amazing in every election year, some sort of illness that cannot be cured pops up, media scares the **** out of everyone and then it fades away into the darkness.
From SARS, to swine, to ebola, to zika, to noravirus, to cornoavirus, etc etc.
111,351 total cases worldwide
3,8882 deaths
62,661 recovered
38,829 active cases
5,979 in serious or critical condition
3,120 of the deaths have taken place in China out of 80,739 cases and 5,111 of the 5,979 in serious condition are in China.
The US has had 554 cases w/ 517 active. Just 22 deaths with 10 being in one hospice facility...coronavirus did not kill them. Their diagnosis did. Only 8 currently reported in serious condition.'
It is amazing in every election year, some sort of illness that cannot be cured pops up, media scares the **** out of everyone and then it fades away into the darkness.
From SARS, to swine, to ebola, to zika, to noravirus, to cornoavirus, etc etc.
It’s nice to see some of the air getting pulled out of this overly inflated market. It is hilarious watching Wall Street experts explain why “greatest market of all times” can’t handle any negative news.
Gold seems to be doing just fine. I hope everyone positioned their retirement accounts when we were at highs. I know I’m feeling a lot better with my end of 2019 moves.
Gold seems to be doing just fine. I hope everyone positioned their retirement accounts when we were at highs. I know I’m feeling a lot better with my end of 2019 moves.
This assuming all COVID cases are reported...many have gotten it, did not know it, weren't tested and got better. Also, there are cases currently that aren't "official" because the CDC has to confirm cases which takes 24-48 hours. MUSC is suggesting if you feel sick, stay home and are providing free coronavirus telehealth screenings.
The death rates are very skewed right now...They are using these percentages because they make this sound worse than it is. Media wants ratings, scare tactics scare...
Guest
In terms of human life, that’s quite substantial. You also don’t know whether or not that 1.4% is certain - could be much higher.