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Started By
Message
re: Coronavirus Disease 2019 (COVID-19) ***W.H.O. DECLARES A GLOBAL PANDEMIC***
Posted on 2/28/20 at 9:19 am to HailHailtoMichigan!
Posted on 2/28/20 at 9:19 am to HailHailtoMichigan!
quote:
Ok, investors are really really starting to annoy me with this shite Factories are reopening in China. Which means supply chain issues should start to subside Wall Street needs to stop listening to cnn. What on earth could possibly justify a 1000 point drop this morning? There has it been any new big story since last night. frick man
I think y’all are confusing coronavirus panic with an inflated market that was prime for a correction and was just waiting for any negative news.
0
Posted on 2/28/20 at 9:20 am to Teddy Ruxpin
It is journalism malpractice that I have to go to an internet message board to learn about SK death rates because major media simply refuses to cover it
CNN and that nbc reporter from yesterday deserve a class action lawsuit against them for stoking fear. It’s sickening
CNN and that nbc reporter from yesterday deserve a class action lawsuit against them for stoking fear. It’s sickening
Posted on 2/28/20 at 9:21 am to WaWaWeeWa
Utter incompetence. This is why people need to practice proper preventative measures. Idiots at the CDC.
Posted on 2/28/20 at 9:22 am to HailHailtoMichigan!
I have a bunch of RSU’s that are scheduled to vest and pay out in 2 weeks. I’ve lost $1000 on them since Monday.
Posted on 2/28/20 at 9:22 am to HailHailtoMichigan!
quote:
Ok, investors are really really starting to annoy me with this shite
If you walked into the grocery story and everything was labeled 10% would you complain about that?
Unless you are currently retired, embrace corrections for the blessing that they are.
Posted on 2/28/20 at 9:23 am to HailHailtoMichigan!
The market sees disruption of supply chains. Almost every company has announced this. Do you think they are intentionally trying to crash their stocks or maybe just being honest to try to soften the blow of not hitting expectations in future quarters.
The media has very little to do with this. They were in a panic over Ebola. That didn’t crash the market.
The media has very little to do with this. They were in a panic over Ebola. That didn’t crash the market.
Posted on 2/28/20 at 9:24 am to Lsut81
quote:
All of the conferences cancelling are going to lead to some nice comps
Vegas comps = Free parking nowadays.
Posted on 2/28/20 at 9:24 am to CivilTiger83
Or, the market could just keep going up forever in which case I'd also be happy. 
Posted on 2/28/20 at 9:26 am to WaWaWeeWa
Has not affected a multinational plastics biz client of mine which has plants in China and Singapore.
Posted on 2/28/20 at 9:26 am to Teddy Ruxpin
quote:
She'll just bring her laptop so she can work if that happens.
I’m going to japan for 3 weeks at the end of April and these are my thoughts as well. I’m about to hit my PTO cap anyway and have a place to stay for as long as id need. So it really doesn’t bother me. Should be able to manage between working remotely and taking time off.
Posted on 2/28/20 at 9:27 am to WaWaWeeWa
Then why are European and Japanese markets not crashing?
The london stock exchange has been green since wed
The london stock exchange has been green since wed
Posted on 2/28/20 at 9:27 am to PeteRose
quote:
Vegas comps = Free parking nowadays.
You’re doing it wrong then...
Posted on 2/28/20 at 9:28 am to HailHailtoMichigan!
quote:
The london stock exchange has been green since wed
Yep that's the bigger issue that makes this reaffirm fear mongering. It's not global markets, just ours.
Posted on 2/28/20 at 9:30 am to Scruffy
quote:
South Korea is performing the most numerous tests at this time.
South Korea peaked at just under 0.1%.
As more individuals are tested and less sick individuals test positive, the mortality had fallen to 0.74% as of a few days ago.
South Korea has surpassed 2300 cases and the mortality has fallen again to 0.68%.
How are you calculating the mortality rate? Are you using the current number of cases in the denominator? Mortality will be a lagging indicator. The people who catch the coronavirus this week will likely not be the ones that are in that current mortality group of 13 in South Korea. If I go back one week I see the total number of cases at 433. That would put the mortality rate at 2-3%.
Not saying we should panic, but I have yet to see any official case studies put the mortality rate at 0.7%.
Posted on 2/28/20 at 9:30 am to PeteRose
quote:
Vegas comps = Free parking nowadays.
Well up your game from the penny slots
Posted on 2/28/20 at 9:30 am to HailHailtoMichigan!
quote:
Then why are European and Japanese markets not crashing?
Americans panic easily, particularly during good times and can be led over a cliff with little-to-no effort.
Posted on 2/28/20 at 9:31 am to CivilTiger83
And a leading indicator is the increased number of tests. His point was plainly made.
Posted on 2/28/20 at 9:36 am to Oates Mustache
quote:
Yep that's the bigger issue that makes this reaffirm fear mongering. It's not global markets, just ours.
To be fair, our markets were probably in need of a good correction. To have this virus be the trigger might not be a terrible thing. If the market can psychologically fool itself that it was all about the Coronoavirus, the recovery from the correction may be fairly swift.
Posted on 2/28/20 at 9:37 am to HailHailtoMichigan!
quote:
Then why are European and Japanese markets not crashing
Because Americans have been anticipating this crash for nearly a decade.
Biggest case of bear investor blue balls ever probably.
Posted on 2/28/20 at 9:38 am to TigerstuckinMS
quote:
To be fair, our markets were probably in need of a good correction. To have this virus be the trigger might not be a terrible thing. If the market can psychologically fool itself that it was all about the Coronoavirus, the recovery from the correction may be fairly swift.
This was my only point. I’m far from an expert on that stuff though.
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