When you start hearing people say "this time is different" immediately do the opposite
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When you start hearing people say "this time is different" immediately do the opposite
At one point this morning bp was trading at deep water horizon numbers and pitching a 7% dividend. OPEC meets this week and is going to cut cut cut...oil had it's worst week in something like 15 years.
Worst point loss this week.fastest correction this week..worst week since 2008..yup that shits bad but guess what it already happened..you wanna bet on we are gonna have a worse worst point loss in history near term? A faster faster correction in history? Market is forward thinking..not past tense.
Tesla - which had risen fron $230 last July to just over $900 four weeks ago - has dropped to $680 and is for a short while much more accessible.
Past 60 days has seen them increase their share of automaker market capital to number 2 in the world, trailing only Toyota by a modest margin
Best to everyone however you elect to proceed in coming months
This is the Fed nightmare scenario. Monetary policy would have zero effect on the economy when the same government encourages everyone to limit public activities. We need to keep an eye on California, they could be the first state to close public schools in coming weeks. It's a big disruption when that happens.
They still don't know everything about this virus - when they do, we can be hopeful that someone will come up with the vaccine/drug to stop this disease.
obviously, the media and the democrats have artificially created this issue to
scare the public, hurt the economy, and take down trump. it's amazing how
efficiently and well organized these two groups are to do this so quickly and
seamlessly. I think Donald trump jr is correct. the democrats want this virus
to kill millions to hurt trump.
100% correct!! Well said! And YES,the Democrats DO want people to die so they can win the White HouseOriginally Posted by niltes
Florida/New England....at least you’re not from Alabama/Michigan lmao
Lol. Would be idiotic to even make that claim considering it’s just the flu and barely killing anyone.
Lmfao. What do you know, Michael Miselis ?
Kobe wil rise from the dead on Easter and save the world.
that's funnyKobe wil rise from the dead on Easter and save the world.
This is a very serious disease going on here and if you think for one minute that its going to have a quick fix then you are highly mistaken.Olympics are possibaly being postponed,and most likely other events to follow,....do you think all those who have died just said its a flu or something,there are no answers for this right now,and who knows when and if they will
People die in considerable numbers with the flu too. Higher numbers that I wasn't aware of...So for me , I'm not panicking anymore than I would with a flu warning
Yea i hear ya Bro,understand what you are saying
Why do people keep saying it is "just like the flu"
It is 40x more likely to kill you than the flu and 3x more contagious and much harder detect at early stages.
Yeah, it'll subside eventually and a vaccine will neuter it but it isn't "just like the flu" anymore than Matt Schaub is just like Tom Brady.
Is it likely to kill any of us? No, but it is a legitimate global event with major ramifications and significantly more serious than 99.9% of shit you see in the mainstream media.
Not sure where you heard its 40X more likely to kill you than the flu ?
Nice to see the maven of money in the house.
I think the fed just wants to save asset prices because that is all they've wanted to do for the last 30 years. They know any deflation in that area is going to cause a wide array of defaults throughout the economy.
Yeah cutting is useless on the demand side but they just want to do what they can to avoid deflationary death spiral at all costs.
Early data suggests the rate is 1% vs 0.025%.
I suppose as treatment/detection gets better that 1% will go down quite a bit but that's what it is.
There is no way at this point that we know these figures.
https://www.bbc.com/news/health-51674743
Way to early to have that kind of number imbalance...
1 COVID-19 death confirmed in WA
We do know it is more contagious and much harder to detect at early stages.
And it might not be 40x but it likely isn't anywhere close to 1:1 ratio in regards to death rate vs the flu either.
Powell was trying to be pro-active but this is not a liquidity issue by any mean. They could go for .25 cut just to calm the market. Trump is about to hold a news conference. They dropped the ball in the last press. His effort to control the narrative fell flat. The DOW plunged add'l 1400 pts.
I'm sampling the event of public school closing in Cali, it would effect 25K jobs (low end) - 48K jobs (high end). Jobs being effect if school close nationwide would be significant. Trump should work on an extend unemployment benefit/universal income package when that happens.
yeah , very difficult to provide a death rate, but estimates arent a bad thing, even this early in the game.
comparison , death rate;
seasonal flu - 0.1%
coronavirus- 2% (depends your source)
sars - 9.6% (nasty)
MERs- 34% (get out of Dodge)
https://www.worldometers.info/corona...us-death-rate/
of the 2% it appears from early data, most are the elderly ,or the medically compromised
'Front the analysis of death cases, it emerged that the demographic profile was mainly male, accounting for 2/3, females accounting for 1/3, and is mainly elderly, more than 80% are elderly over 60 years old, and more than 75% had underlying diseases present such as cardiovascular and cardiovascular diseases, diabetes and, in some cases, tumor.'
Yeah, I was gonna mention in my last post that a stimulus is likely if this persists.
I just think all options are on the table. Maybe a early '08 style stimulus package towards low/middle income in the 300b range ('08 was 150) since that can get into the economy quicker than monetary policy.
Even if SHTF that is one reason I wouldn't be that worried about equities is because they will prop at all costs.
People is packed at Sam's Club/Costco - the panic is spreading fast.
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