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NFT: The Dow is down 2000 points over the past two days....

lawguy9801 : 2/25/2020 2:41 pm
....over the glorified flu.

Get ready to buy if you have cash assets available. This is slightly ridiculous.
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Our government's response to this has been  
SFGFNCGiantsFan : 2/25/2020 8:42 pm : link
Interesting, to put it kindly. A lot of real mixed messages. And sadly, more an emphasis on how this will impact an event this fall instead of, ya know, a potential health disaster/people dying.
.  
Del Shofner : 2/25/2020 8:49 pm : link
In comment 14819174 Producer said:
Quote:
I never said that pandemic was linked to morality rate but rather that a worldwide epidemic with this seeming morality rate would likely result in millions of deaths. ... The unprecedented lockdown did not work. And the morality rate had remained consistent since day one.


Just wanted to point out that "morality" and "mortality" are two different words with completely different meanings.
RE: .  
Producer : 2/25/2020 8:52 pm : link
In comment 14819183 Del Shofner said:
Quote:
In comment 14819174 Producer said:


Quote:


I never said that pandemic was linked to morality rate but rather that a worldwide epidemic with this seeming morality rate would likely result in millions of deaths. ... The unprecedented lockdown did not work. And the morality rate had remained consistent since day one.



Just wanted to point out that "morality" and "mortality" are two different words with completely different meanings.


Autocorrect but thanks
Don’t know what to root for tomorrow morning,  
barens : 2/25/2020 8:54 pm : link
I feel like a down open could offer some opportunity, but I’d be very happy with a 500 point gap up first thing.
put in small buys for  
Payasdaddy : 2/25/2020 9:28 pm : link
disney at 121
qcom at 76.5
Royal caribbean at 86
So...  
BamaBlue : 2/26/2020 10:54 am : link
Markets up and strong this morning. Is this a dead cat bounce, or a return to previous high water marks?
Dow up 426 as of 10:55 a.m.  
lawguy9801 : 2/26/2020 10:56 am : link
I guess the markets read BBI and heeded my advice
RE: put in small buys for  
cjac : 2/26/2020 11:35 am : link
In comment 14819236 Payasdaddy said:
Quote:
disney at 121
qcom at 76.5
Royal caribbean at 86


i like american airlines too
....Annnnnnd  
Mr. Bungle : 2/26/2020 12:15 pm : link
the Dow just fell 400 points...
RE: RE: RE: My biggest worry about that 2-3% death rate is  
Percy : 2/26/2020 12:23 pm : link
In comment 14818975 montanagiant said:
Quote:
In comment 14818928 DCGMan said:


Quote:


In comment 14818883 montanagiant said:


Quote:


That China may be underreporting it, especially in the beginning



CCP is almost certainly underreporting the number of cases and total fatalities. Not sure if the actual fatality rates are higher. They also appear to only count deaths in hospitals/quarantine centers. They aren’t welding apartment shut and locking down cities for 2,000 deaths. That number is far higher imo.

To be fair, it’s almost impossible for any country regardless of governance to gain an accurate case count. No country has an accurate test in place, nor the quantity nor the facilities to analyze the results. CDC/WHO should be assessing respiratory claims by countries. I have little confidence in the leadership of either institutions and those entities which control them, unfortunately.

We need to keep an eye on the freer societies for more accurate information particularly South Korea and Singapore over the next week.


Good post DCG.

It is. Question you mention as unanswered (however hard it proves to be to get one) is key: what are the real numbers? And what do they tell us about the true implications of the global spread, what they will be right here in River City as it were, as the dust settles? And I don't just mean economically.
Wow...  
BamaBlue : 2/26/2020 12:38 pm : link
big drop. I wonder if the President's speech tonight on the will have a positive impact tomorrow. Right now, it's safe to say that the herd has been spooked...
RE: Wow...  
montanagiant : 2/26/2020 12:50 pm : link
In comment 14819780 BamaBlue said:
Quote:
big drop. I wonder if the President's speech tonight on the will have a positive impact tomorrow. Right now, it's safe to say that the herd has been spooked...

Hell I just learned today that we have only 12 facilities in the country for testing for the Virus because the CDC sent out faulty equipment. Also that carriers of it may not show any signs of it for a long period of time. If you add that all up the 53 people we identified as having it is much higher. There are some predictions that anywhere from 40 to 70% of the world will catch it. That is going to scare people.
RE: RE: Wow...  
rocco8112 : 2/26/2020 1:09 pm : link
In comment 14819796 montanagiant said:
Quote:
In comment 14819780 BamaBlue said:


Quote:


big drop. I wonder if the President's speech tonight on the will have a positive impact tomorrow. Right now, it's safe to say that the herd has been spooked...


Hell I just learned today that we have only 12 facilities in the country for testing for the Virus because the CDC sent out faulty equipment. Also that carriers of it may not show any signs of it for a long period of time. If you add that all up the 53 people we identified as having it is much higher. There are some predictions that anywhere from 40 to 70% of the world will catch it. That is going to scare people.


The fact that local testing can not be done Nationwide because the the CDC failed and sent out broken tests is sad and dangerous. Korea is testing tens of thousands. Italy is testing high numbers and the CDC said on a call yesterday that labs have to fucking mail tests to Atlanta, wait a day and then get results. What a total failure.

Germany and UK will now be doing random testing at medical locations all over their countries and will test anyone will flu symptoms who is negative for flu.

This should have been happening in the US already. This country can't even do mass local testing, they said won't be full capability until mid march.

There is a near 100 percent chance many people here in the US are walking around with the Virus as we speak. They cant do mass test screenings.

This may be good though, if more people have it and it is mild, perhaps the illness is less virulent overall.

But what an total epic failure by the CDC, these other developed nations did not have this testing problem.

It should be concerning to all. No one on the planet knows how this will play out.
RE: RE: RE: RE: re: virus  
LauderdaleMatty : 2/26/2020 1:16 pm : link
In comment 14818896 DonQuixote said:
Quote:
In comment 14818884 LauderdaleMatty said:


Quote:


In comment 14818831 lawguy9801 said:


Quote:


In comment 14818808 Payasdaddy said:


Quote:


from what I understand most of the people dying are older people with other issues

probably a 99% survival rate here in US if you are between 15-65
Not to minimize but this isnt ebola



Mortality rate is 2%. For the flu, it's 1%.

I agree....we absolutely need to take it seriously, but there will be a vaccine, treatments will get better, and people will not be dying in the streets. Long term, we will be fine, and later this year we'll be saying "Coronavirus, what was that? Oh yeah..."




Good post. Want to add in though What’s the mortality rate in China vs other places. Let’s not gloss over that daft. There have been about 80,000. cases world wide. It will go up but how dangerous this is I still a huge Unknown. We will learn. I work in this sector and sell equipment used on patients who get seriously ill and wind up in the ICU due to issues related to sepsis. Will be interesting as it’s already been a bad flu season.

The devil is in The details. Again w China I’d literally throw out every bit of data. There’s a reason they don’t want anyone going in and reviewing the situation. It like they care about their people.

But hey. Never let a crisis go to waste as they say. There’s money to be made in panicking people.



I don’t think the CDC is inciting panic or profiting from it, their warnings are measured and line up with the current uncertainties in the science. BTW, seasonal flu has a mortality of 0.1%, 20X less than current estimates for COVID-19.

It would be nice if we could lower that average in the US, but my fear it is going to cause real problems in countries with high population densities and weak health care practices.


Hey he CDC is doing it’s job. Don’t want to wander off the path here but my statement stands. China literally caused this to be much worse. I don’t lost this next part to elicit sympathy but my dad and mom both died from sepsis brought on by pneumonia. I also sell equipment used specifically to treat patients who wind up w sepsis due to issues like severe viral infections which weaken patients who then die.

This virus is similar. If weakens at risk people who then get bad bacterial or other viral diseases. Due to China’s outright evil actions we don’t know how contagious or virulent this is. Until we get data from areas where they actually care about people and treat them we don’t know nearly enough

There is risk That w y older person who is severely compromised is at risk. My mom was a last cancer patient who was imuno-compromised. My dad older at 87 smoked for 66 years and destroyed his lungs and heart. Even s the shot he got pneumonia a second time and just decided to refuse treatment. The old and sick and going are at risk already from the flu. This seems to be similar but since China left people to die we can not use any statistical data due to their malfeasance

This may be more of mass deadly. We have i idea yet and that’s the real issue. China really showed the world how horrible they are
People give China a lot of heat for how their  
SFGFNCGiantsFan : 2/26/2020 1:27 pm : link
government reacted to this. Our government hasn't been a shining example of how to combat this either.

Just yesterday we had the director of the CDC saying an outbreak in the US is inevitable. Then Kudlow saying it was contained. Then a senator putting the acting DHS through the ringer about his lack of knowledge about the virus. And today we get Tweets about how certain networks are hyping this up to harm the market/him & that it's contained.

Not exactly an inspiring 24 hours we got here.
Italian Numbers  
Percy : 2/26/2020 1:47 pm : link
Are worrisome to me because of the large number of people tested there (over 9,000) who are showing as positive for the virus (4%) compared to other broadscale testing -- in the UK (7,000+ tested), for example (showing only .02% with the virus). France, too, gets a higher positivity score (2.2%) for a much lesser number of tested people (700+). What explains this?
RE: Dow up 426 as of 10:55 a.m.  
Mr. Bungle : 2/26/2020 1:48 pm : link
In comment 14819590 lawguy9801 said:
Quote:
I guess the markets read BBI and heeded my advice

What happened?
RE: RE: Dow up 426 as of 10:55 a.m.  
Percy : 2/26/2020 1:54 pm : link
In comment 14819896 Mr. Bungle said:
Quote:
In comment 14819590 lawguy9801 said:


Quote:


I guess the markets read BBI and heeded my advice


What happened?


In the red now by a trace for the first time today.
A friend of mine just posted this to Facebook....  
Milton : 2/26/2020 1:59 pm : link
Quote:
So, my husband went to PA to meet with his team from Italy. Today, before his meeting, he gets notified that one of the Italian men had dinner in Italy with a group of people that all came down with the corona virus, The folks that guy had dinner with in Italy were obviously not diagnosed till after that dinner. My husband had no contact with the man, but others did. It will be interesting to see if they are quarantined and if this makes the news. The meeting is cancelled and there will be no further in person contact with the Italian team and no trips to Italy. There is obviously a lot more cases than we are being told. I’m not panicked, but I hate when this happens. Thought I’d share the story.
RE: RE: RE: PS: I bought stock yesterday  
CromartiesKid21 : 2/26/2020 2:16 pm : link
In comment 14818991 Somnambulist said:
Quote:
In comment 14818978 montanagiant said:


Quote:


In comment 14818961 Somnambulist said:


Quote:


And again today. I recommend energy stocks.


Why Energy stocks?



They were undervalued before and many are just ridiculous now. My favorite is ET. 10+% distribution with 1.9x coverage, DCF growing, major projects coming on line, huge presence in LNG which will power all the electric plants we will need for clean energy, ridiculously low price.



DOJ is building a criminal case around Energy Transfer’s Revolution pipeline explosion
RE: People give China a lot of heat for how their  
Bill L : 2/26/2020 3:55 pm : link
In comment 14819858 SFGFNCGiantsFan said:
Quote:
government reacted to this. Our government hasn't been a shining example of how to combat this either.

Just yesterday we had the director of the CDC saying an outbreak in the US is inevitable. Then Kudlow saying it was contained. Then a senator putting the acting DHS through the ringer about his lack of knowledge about the virus. And today we get Tweets about how certain networks are hyping this up to harm the market/him & that it's contained.

Not exactly an inspiring 24 hours we got here.

I don’t think that’s exactly fair. The virus came into existence (in humans) just about 3 months ago. That’s not a lot of time to accumulate knowledge. China, for all its warts and flaws, was very forthcoming on publishing the genomic sequence quickly. That put us light years ahead of where we could have been, but, in the scheme of things, it’s an unknown just coming on now.

The CDC test had to be rushed. And, yeah, it’s wonky because a lot of things (controls) have to be present in the test before you can accept the results and one component failed, which invalidated the test. That check is to assure that no wrong results are reported, which is actually worse than reporting nothing at all. At any rate, they have corrected it and are issuing new tests to state public health plans. And, I don’t think that the testing CDC itself was doing is errant; just the tests they sent put for the states to use.

Think of airplane or fire or terrorist disasters. The first many reports are conflicting or wrong and are either to reassuring or too frightening. That’s the stage we are in with this virus.

As of now, it looks like it will spread. It has not spread into the US beyond the imported cases we know about. The mortality rate remains over exaggerated because it’s based on Wuhan/Hubei, which is clearly an anomaly. But the situation, and potentially the virus, is an evolving thing.

I’m sitting in a conference right now with public health scientists and administrators from every state and many from CDC itself. SARS-2 is on everyone’s mind and work plate. Still, Nobody is saying anything really different than what I have been saying here. People are watchful and concerned and feel like spreading here is inevitable And that resources will be taxed. But nobody is paranoid, given to hyperbole, or treating it like Thanos is snapping his fingers.
RE: RE: Dow up 426 as of 10:55 a.m.  
lawguy9801 : 2/26/2020 4:04 pm : link
In comment 14819896 Mr. Bungle said:
Quote:
In comment 14819590 lawguy9801 said:


Quote:


I guess the markets read BBI and heeded my advice


What happened?


Theory I read is that the markets were spooked by the report that 83 people in Nassau County were being tested, as well as the reports that the virus had been reported in additional European countries.
.  
lawguy9801 : 2/26/2020 4:11 pm : link
Quote:
The viruses can make people sick, usually with a mild to moderate upper respiratory tract illness, similar to a common cold. Coronavirus symptoms include a runny nose, cough, sore throat, possibly a headache and maybe a fever, which can last for a couple of days.
For those with a weakened immune system, the elderly and the very young, there's a chance the virus could cause a lower, and much more serious, respiratory tract illness such as pneumonia or bronchitis.
There are a handful of human coronaviruses that are known to be deadly.
There is no specific treatment, but research is underway. Most of the time, symptoms will go away on their own and experts advise seeking care early. People with symptoms that feel worse than a standard cold should see their doctor.


Concern, vigilance, preparation - absolutely. But again - if you cut through the hysteria and boil this all down to its essence, this does not sound like something that should be knocking $1 trillion-plus off the stock market.
Link - ( New Window )
Rocco  
rmc3981 : 2/26/2020 5:04 pm : link
settle down pony.
RE: A friend of mine just posted this to Facebook....  
montanagiant : 2/26/2020 5:18 pm : link
In comment 14819914 Milton said:
Quote:


Quote:


So, my husband went to PA to meet with his team from Italy. Today, before his meeting, he gets notified that one of the Italian men had dinner in Italy with a group of people that all came down with the corona virus, The folks that guy had dinner with in Italy were obviously not diagnosed till after that dinner. My husband had no contact with the man, but others did. It will be interesting to see if they are quarantined and if this makes the news. The meeting is cancelled and there will be no further in person contact with the Italian team and no trips to Italy. There is obviously a lot more cases than we are being told. I’m not panicked, but I hate when this happens. Thought I’d share the story.


My niece, her husband, and a 5 and a 3-year-old were on that Princess cruise line anchored just outside of Japan. As a matter of fact, she made Time Magazine because of a note she wrote thanking the crew that she posted on teir door and one of the crew members took a pic of it and sent it to Time.

Her husband is stationed in Japan for the Army and after they tested neg and was finally let off the ship they now have to do 14 days at home. They actually had a car in front and behind to make sure they did not stop anywhere when they drove home from the car park for the cruise lines. The Govt actually brings them their meals and puts them on the doorstep and they can't open the door until they are off the property.

They are really being cautious in Japan

RE: RE: RE: Dow up 426 as of 10:55 a.m.  
jcn56 : 2/26/2020 5:59 pm : link
In comment 14820098 lawguy9801 said:
Quote:
In comment 14819896 Mr. Bungle said:


Quote:


In comment 14819590 lawguy9801 said:


Quote:


I guess the markets read BBI and heeded my advice


What happened?



Theory I read is that the markets were spooked by the report that 83 people in Nassau County were being tested, as well as the reports that the virus had been reported in additional European countries.


Wait - this is a joke, right? You think that the markets did an about face and dropped 550 points because a bunch of people in Nassau County were being tested?
Why were the tests  
rocco8112 : 2/26/2020 6:11 pm : link
in SK, Germany and the UK not faulty?
RE: RE: RE: RE: Dow up 426 as of 10:55 a.m.  
Percy : 2/26/2020 6:28 pm : link
In comment 14820231 jcn56 said:
Quote:
In comment 14820098 lawguy9801 said:


Quote:


In comment 14819896 Mr. Bungle said:


Quote:


In comment 14819590 lawguy9801 said:


Quote:


I guess the markets read BBI and heeded my advice


What happened?



Theory I read is that the markets were spooked by the report that 83 people in Nassau County were being tested, as well as the reports that the virus had been reported in additional European countries.



Wait - this is a joke, right? You think that the markets did an about face and dropped 550 points because a bunch of people in Nassau County were being tested?


New Yorkers have never underestimated their own importance -- even those as far away as those in Nassau County. Probably those in Suffolk, too.
Don't be stupid - Suffolk county would affect the S&P  
jcn56 : 2/26/2020 6:33 pm : link
obviously.
RE: Why were the tests  
Percy : 2/26/2020 6:34 pm : link
In comment 14820243 rocco8112 said:
Quote:
in SK, Germany and the UK not faulty?

Assuming you were responding to my earlier entry concerning COVID-19 positivity tests, Italy's latest now show 5% of those tested have the virus.
Rod Rosenstein's Sister sounded the alarm  
Somnambulist : 2/26/2020 6:35 pm : link
Interesting coincidence, no?
Political Sabotage? - ( New Window )
RE: Rod Rosenstein's Sister sounded the alarm  
jcn56 : 2/26/2020 6:37 pm : link
In comment 14820258 Somnambulist said:
Quote:
Interesting coincidence, no? Political Sabotage? - ( New Window )


You misspelled 'really fucking stupid'.
RE: RE: Rod Rosenstein's Sister sounded the alarm  
Somnambulist : 2/26/2020 6:41 pm : link
In comment 14820262 jcn56 said:
Quote:
In comment 14820258 Somnambulist said:


Quote:


Interesting coincidence, no? Political Sabotage? - ( New Window )



You misspelled 'really fucking stupid'.


You're right...did they think we wouldn't notice?

How stupid.
RE: Don't be stupid - Suffolk county would affect the S&P  
Percy : 2/26/2020 6:45 pm : link
In comment 14820253 jcn56 said:
Quote:
obviously.

When My father had a place I went to in Montauk I was absolutely sure of it.
Independent Confirmation of the Story  
Somnambulist : 2/26/2020 6:53 pm : link
Rod "The wire" Rosenstein's sister.
CDC - Political Tool? - ( New Window )
Can we stop linking  
Mr. Bungle : 2/26/2020 6:59 pm : link
to websites that serve the loud-and-proud ignoramus demographic?
RE: Independent Confirmation of the Story  
jcn56 : 2/26/2020 7:03 pm : link
In comment 14820280 Somnambulist said:
Quote:
Rod "The wire" Rosenstein's sister. CDC - Political Tool? - ( New Window )


Do you also wrap your head in tinfoil and believe everything Alex Jones says?
RE: RE: Independent Confirmation of the Story  
Somnambulist : 2/26/2020 7:33 pm : link
In comment 14820295 jcn56 said:
Quote:
In comment 14820280 Somnambulist said:


Quote:


Rod "The wire" Rosenstein's sister. CDC - Political Tool? - ( New Window )



Do you also wrap your head in tinfoil and believe everything Alex Jones says?


It's literally all over the news!
The Story has Gone Viral - ( New Window )
RE: Independent Confirmation of the Story  
Milton : 2/26/2020 7:54 pm : link
In comment 14820280 Somnambulist said:
Quote:
Rod "The wire" Rosenstein's sister. CDC - Political Tool? - ( New Window )
You are bringing partisan politics into this, not cool. You can be banned for linking that article.
RE: RE: Independent Confirmation of the Story  
Somnambulist : 2/26/2020 8:02 pm : link
In comment 14820330 Milton said:
Quote:
In comment 14820280 Somnambulist said:


Quote:


Rod "The wire" Rosenstein's sister. CDC - Political Tool? - ( New Window )

You are bringing partisan politics into this, not cool. You can be banned for linking that article.


Why? The motivation for sounding the Pandemic Alarm is extremely relevant to a thread about how stocks will react to the situation. If you believe the crisis is overblown, your reaction to the market will be very different than if you think this is the zombie apocalypse.
RE: RE: Rod Rosenstein's Sister sounded the alarm  
montanagiant : 2/26/2020 8:06 pm : link
In comment 14820262 jcn56 said:
Quote:
In comment 14820258 Somnambulist said:


Quote:


Interesting coincidence, no? Political Sabotage? - ( New Window )



You misspelled 'really fucking stupid'.

HA!
RE: Independent Confirmation of the Story  
SFGFNCGiantsFan : 2/26/2020 8:11 pm : link
In comment 14820280 Somnambulist said:
Quote:
Rod "The wire" Rosenstein's sister. CDC - Political Tool? - ( New Window )


Great. Potential pandemic now being used to spew ridiculous conspiracy theories. I weep for this country.
RE: RE: RE: Independent Confirmation of the Story  
montanagiant : 2/26/2020 8:19 pm : link
In comment 14820319 Somnambulist said:
Quote:
In comment 14820295 jcn56 said:


Quote:


In comment 14820280 Somnambulist said:


Quote:


Rod "The wire" Rosenstein's sister. CDC - Political Tool? - ( New Window )



Do you also wrap your head in tinfoil and believe everything Alex Jones says?



It's literally all over the news! The Story has Gone Viral - ( New Window )

LMAO..Dupree.com and Daily Pundit = "The news"
So the man taking charge of combating this  
SFGFNCGiantsFan : 2/26/2020 8:28 pm : link
Let an HIV outbreak occur when he was governor?

This will end well.
Out of 300,000,000 people in the US  
Somnambulist : 2/26/2020 8:49 pm : link
15 are confirmed to have Coronavirus. Fifteen.

I'd say things are going great so far. A+++++++
RE: Out of 300,000,000 people in the US  
KDubbs : 2/26/2020 8:53 pm : link
In comment 14820378 Somnambulist said:
Quote:
15 are confirmed to have Coronavirus. Fifteen.

I'd say things are going great so far. A+++++++


Sad that the cult leaks into a sports board
Guys been registered on BBI since 2013  
montanagiant : 2/26/2020 9:14 pm : link
And this is the only thread he's posted on....Too funny
RE: Out of 300,000,000 people in the US  
jcn56 : 2/26/2020 10:02 pm : link
In comment 14820378 Somnambulist said:
Quote:
15 are confirmed to have Coronavirus. Fifteen.

I'd say things are going great so far. A+++++++


Yeah - and last week, how many Italians had the virus? How many had it today?

You should put down the crackpot web sites, put down the crack pipe, and learn some basic science. After that maybe you'll understand why people are concerned.
First case of unknown origin reported in Cali  
montanagiant : 2/26/2020 10:03 pm : link
Quote:
The Centers for Disease Control and Prevention has been informed of the first U.S. coronavirus case of an unknown origin, an indication that the virus may be spreading. According to The Washington Post, the Northern California patient did not recently return from a foreign country or have contact with a confirmed case. Officials have begun tracing the contacts of the individual to find out how the person was infected and who they potentially exposed.

RE: RE: Out of 300,000,000 people in the US  
Somnambulist : 2/27/2020 4:32 am : link
In comment 14820428 jcn56 said:
Quote:
In comment 14820378 Somnambulist said:


Quote:


15 are confirmed to have Coronavirus. Fifteen.

I'd say things are going great so far. A+++++++



Yeah - and last week, how many Italians had the virus? How many had it today?

You should put down the crackpot web sites, put down the crack pipe, and learn some basic science. After that maybe you'll understand why people are concerned.


Funny you say that. I have a BS, MS and PhD in science and have been a practicing Chemist for 40 years. Author of Publications, patents, chair of scientific committees for the University of Washington and the US Pharmacopoeia.

But carry on...
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