Forum: MAIN FORUM - Online Sportsbetting - Mentioned in NY TIMES, WSJ, USA TODAY, & DRF. The place to discuss all kinds of sports and gambling related subjects.

Thread: Coronavirus Stock Market buy off.

  1. #26  
    RX Junior tanner12oz's Avatar
    Join Date
    Feb 2007
    Location
    pittsburgh
    Posts
    3,407
    When you start hearing people say "this time is different" immediately do the opposite
    Reply With Quote  
     

  2. #27  
    RX Junior tanner12oz's Avatar
    Join Date
    Feb 2007
    Location
    pittsburgh
    Posts
    3,407
    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.
    Reply With Quote  
     

  3. #28  
    RX Senior
    Join Date
    Nov 2013
    Location
    Clearwater, FL USA
    Posts
    5,417
    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
    Don Trump is another Nixon.....if Nixon had 4th grade literacy, weighed 321 lbs, snorted amphetamines like Pez, consumed only pureed food & exhibited expanding symptoms of FTD
    Reply With Quote  
     

  4. #29  
    bet365 player snoop's Avatar
    Join Date
    Oct 2006
    Location
    Saigon
    Posts
    7,517
    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.

    Reply With Quote  
     

  5. #30  
    schmuck
    Join Date
    Sep 2004
    Location
    florida/new england.
    Posts
    1,352
    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.
    Reply With Quote  
     

  6. #31  
    RX Wizard
    Join Date
    Sep 2004
    Location
    Michigan
    Posts
    13,217
    Quote Originally Posted by niltes View Post
    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 House
    Reply With Quote  
     

  7. #32  
    Banned Mobdeeper7239's Avatar
    Join Date
    Feb 2007
    Location
    Murderland
    Posts
    28,144
    Quote Originally Posted by niltes View Post
    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.

    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.
    Reply With Quote  
     

  8. #33  
    Banned Mobdeeper7239's Avatar
    Join Date
    Feb 2007
    Location
    Murderland
    Posts
    28,144
    Quote Originally Posted by michael777 View Post
    100% correct!! Well said! And YES,the Democrats DO want people to die so they can win the White House

    Lmfao. What do you know, Michael Miselis ?
    Reply With Quote  
     

  9. #34  
    RX Member
    Join Date
    Nov 2012
    Location
    USA
    Posts
    214
    Kobe wil rise from the dead on Easter and save the world.
    Reply With Quote  
     

  10. #35  
    RX Senior
    Join Date
    Apr 2016
    Location
    rockchester
    Posts
    6,254
    Quote Originally Posted by Juicy Jasmine View Post
    Kobe wil rise from the dead on Easter and save the world.
    that's funny
    Reply With Quote  
     

  11. #36  
    RX Wizard thekeyman's Avatar
    Join Date
    Sep 2004
    Location
    the dead zone
    Posts
    11,905
    Quote Originally Posted by RenoChazz View Post
    I didn't see a thread about this so decided to start one. Is this an overreaction, with a correction coming soon? Or is this just the beginning. And how will it affect the presidential race? How will it affect the housing market, as interest rates drop?

    My personal thoughts is that it will correct, and the virus will start to naturally die off as we enter spring and summer. I also see a big correction could come if a vaccine comes along. It does have me a little unsettled after what happened today. We haven't had a week like this in a long time.

    I do see a lot of doom and gloomers predicting that this is just the beginning and saying to start buying gold. I'm disappointed that the MSM is trying to politicize this, but not surprised.


    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
    Whether it's the best of times or the worst of times, it's the only time we've got.
    Reply With Quote  
     

  12. #37  
    Nirvana Shill RED EYE's Avatar
    Join Date
    Oct 2001
    Location
    View is freaking unreal up here !!
    Posts
    23,857
    Quote Originally Posted by thekeyman View Post
    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
    Reply With Quote  
     

  13. #38  
    RX Wizard thekeyman's Avatar
    Join Date
    Sep 2004
    Location
    the dead zone
    Posts
    11,905
    Quote Originally Posted by RED EYE View Post
    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
    Whether it's the best of times or the worst of times, it's the only time we've got.
    Reply With Quote  
     

  14. #39  
    RX Semi-God
    Join Date
    Jul 2007
    Location
    Boston
    Posts
    27,036
    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.
    Reply With Quote  
     

  15. #40  
    Nirvana Shill RED EYE's Avatar
    Join Date
    Oct 2001
    Location
    View is freaking unreal up here !!
    Posts
    23,857
    Quote Originally Posted by PatsFan1283 View Post
    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 ?
    Reply With Quote  
     

  16. #41  
    RX Semi-God
    Join Date
    Jul 2007
    Location
    Boston
    Posts
    27,036
    Quote Originally Posted by snoop View Post
    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.
    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.
    Reply With Quote  
     

  17. #42  
    RX Semi-God
    Join Date
    Jul 2007
    Location
    Boston
    Posts
    27,036
    Quote Originally Posted by RED EYE View Post
    Not sure where you heard its 40X more likely to kill you than the flu ?
    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.
    Reply With Quote  
     

  18. #43  
    RX Semi-God festeringZit's Avatar
    Join Date
    Sep 2004
    Location
    Great State of Texas
    Posts
    41,759
    Quote Originally Posted by PatsFan1283 View Post
    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.
    There is no way at this point that we know these figures.

    https://www.bbc.com/news/health-51674743
    Reply With Quote  
     

  19. #44  
    Nirvana Shill RED EYE's Avatar
    Join Date
    Oct 2001
    Location
    View is freaking unreal up here !!
    Posts
    23,857
    Quote Originally Posted by PatsFan1283 View Post
    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.
    Way to early to have that kind of number imbalance...
    Reply With Quote  
     

  20. #45  
    bet365 player snoop's Avatar
    Join Date
    Oct 2006
    Location
    Saigon
    Posts
    7,517
    1 COVID-19 death confirmed in WA

    Reply With Quote  
     

  21. #46  
    RX Semi-God
    Join Date
    Jul 2007
    Location
    Boston
    Posts
    27,036
    Quote Originally Posted by festeringZit View Post
    There is no way at this point that we know these figures.

    https://www.bbc.com/news/health-51674743
    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.
    Reply With Quote  
     

  22. #47  
    bet365 player snoop's Avatar
    Join Date
    Oct 2006
    Location
    Saigon
    Posts
    7,517
    Quote Originally Posted by PatsFan1283 View Post
    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.
    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.

    Reply With Quote  
     

  23. #48  
    RX Senior
    Join Date
    Oct 2008
    Location
    ---------
    Posts
    8,003
    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.'
    Pinarello (Paris) 2012 , dura-ace c50, shimano ultegra Di2
    Reply With Quote  
     

  24. #49  
    RX Semi-God
    Join Date
    Jul 2007
    Location
    Boston
    Posts
    27,036
    Quote Originally Posted by snoop View Post
    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, 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.
    Reply With Quote  
     

  25. #50  
    bet365 player snoop's Avatar
    Join Date
    Oct 2006
    Location
    Saigon
    Posts
    7,517
    People is packed at Sam's Club/Costco - the panic is spreading fast.

    Reply With Quote  
     

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •