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Posted on 3/23/20 at 11:52 am to RB10
quote:
People with investments have less capital than they did before. Decreasing wealth is fine as long as you don't offload your shares though, right?
His point was you literally just said the economy will rebound and those shares will go back up.
No one died in the streets from 2008.
3/13 was the single largest daily gain in Dow history.
The market will come back.
You telling people to "Relax" about the virus and counter measures while simultaneously losing your shite about the market is completely contradictory no?
Posted on 3/23/20 at 11:53 am to tgrbaitn08
quote:
you think this country can sustain a 30% unemployment rate for more than 45 days?
I don't need a 6th grade diploma to tell you this isn't going to happen.
Posted on 3/23/20 at 11:56 am to tgrbaitn08
quote:
tgrbaitn08
I'm not taking sides here, but it is frustrating to watch you two argue when you can't even follow the conversation properly.
Posted on 3/23/20 at 11:57 am to STLhog
quote:
His point was you literally just said the economy will rebound and those shares will go back up.
If I buy 1000 shares of a stock at $5 a share, it drops to $2.50 a share, and then bounces back to $3.50 a share, did I lose wealth?
quote:
No one died in the streets from 2008.
It's pretty well documented that every 1% increase in unemployment leads to 35K-40K deaths in the US.
quote:
You telling people to "Relax" about the virus and counter measures while simultaneously losing your shite about the market is completely contradictory no?
Can you wrap your head around "can happen" and "has happened"? This is a serious question.
Because the virus hasn't done what people said it can do, but the market has done what people said it would.
Subtle, yet very important distinction. Especially considering you just spent several pages telling everyone that we "just don't know enough about this virus" right now. So forgive me, but I'm going to react more towards what is happening, and what we do know. Which is that the economy is suffering.
This post was edited on 3/23/20 at 12:02 pm
Posted on 3/23/20 at 11:58 am to STLhog
quote:
I don't need a 6th grade diploma to tell you this isn't going to happen.
Posted on 3/23/20 at 11:59 am to TheCaterpillar
quote:
TheCaterpillar
go sit back in the corner little boy
Posted on 3/23/20 at 12:00 pm to STLhog
quote:
you think this country can sustain a 30% unemployment rate for more than 45 days?
I don't need a 6th grade diploma to tell you this isn't going to happen.
BTW...I bookmarked this post....you should do the same and lets revisit this post in 45 days
Posted on 3/23/20 at 12:03 pm to tgrbaitn08
Louisiana at 1172 cases and 34 deaths now per update.
Number of tests done by commercial labs really jumped up so number of cases in itself doesn’t tell me much.
Obviously the death jump from 20 to 34 is significant.
Number of tests done by commercial labs really jumped up so number of cases in itself doesn’t tell me much.
Obviously the death jump from 20 to 34 is significant.
This post was edited on 3/23/20 at 12:07 pm
Posted on 3/23/20 at 12:03 pm to tgrbaitn08
30% increase in LA from yesterday. 1,172 cases total (335 new cases) 34 deaths.
Posted on 3/23/20 at 12:04 pm to Shane4689
quote:
30% increase in LA from yesterday. 1,172 cases total (335 new cases) 34 deaths.
thats going to keep happening with more test coming online
Posted on 3/23/20 at 12:05 pm to RB10
quote:
Subtle, yet very important distinction. Especially considering you just spent several pages telling everyone that we "just don't know enough about this virus" right now. So forgive me, but I'm going to react more towards what is happening, and what we do know. Which is that the economy is suffering.
Comparing a 2 week incubation virus to an electronically traded stock market is genius.
Your logic is flawless.
This post was edited on 3/23/20 at 12:08 pm
Posted on 3/23/20 at 12:06 pm to tgrbaitn08
quote:
BTW...I bookmarked this post....you should do the same and lets revisit this post in 45 days
Ok. And then we can meet at f-ing Sonic Jabroni.
If it's still in business.
If not, the soup/bread line.
Posted on 3/23/20 at 12:07 pm to RB10
quote:
If I buy 1000 shares of a stock at $5 a share, it drops to $2.50 a share, and then bounces back to $3.50 a share, did I lose wealth?
No on says you have to sell it at $3.50.
Posted on 3/23/20 at 12:10 pm to STLhog
quote:
Comparing a 2 week incubation virus to an electronically traded stock market is genius.
Your logic is flawless.
You're right. 100% of the populace affected isn't even comparable to .005% of the populace affected.
Losing your mind over the latter while condemning people for being upset with the former is fricking dumb.
Good on you though.
Posted on 3/23/20 at 12:11 pm to tgrbaitn08
I expect the reported positives to rise. I did not expect the deaths to increase so dramatically. That is concerning.
Posted on 3/23/20 at 12:12 pm to STLhog
quote:
No on says you have to sell it at $3.50.
You still have less capital. Congrats on showing everyone you don't have a clue how wealth actually works.
Posted on 3/23/20 at 12:13 pm to tigerfan88
quote:
“We aren’t going to ventilator or treat our way out of this problem. The proper way to stop a disease like this is through mitigation and taking individual measures to not get it in the first place.”
In response to a question about why production of ventilators and masks and beds haven’t been ramped up. What a fricking pathetic passing of the buck.
This is probably bc he is seeing stats that say once you get on vent you are highly likely to die. And just doesn’t want to say it.
This post was edited on 3/23/20 at 12:14 pm
Posted on 3/23/20 at 12:13 pm to Unknown_Poster
quote:
I did not expect the deaths to increase so dramatically. That is concerning.
same here...however I was told and posted this a few days ago that there have been a number of deaths since last week that they couldn't count as COVID-19 until the test came back.
It appears that a hand full of test came back this morning so now the deaths that have happened the past 7 days are now being counted.
Posted on 3/23/20 at 12:14 pm to Unknown_Poster
New Orleans Archbishop Aymond tested positive
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