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Covfefe-19: Do What Now?

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walrus said:
2 people in Maine tested positive for Flu and Covid-19. That can't be good.
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Oh boy, would be very interesting to see what happens with those cases.

I only went outside today to bring in Amazon packages which my wife had me place in the basement for 3 days. Then they can be touched. Immediately washed my hands. I am doing my best!

I did get one laugh today. When Trump spelled out HIPAA instead of saying "Hippa"
 
Re: Covfefe-19: Do What Now?

Says he has asthma, but I have no idea what the stats are telling us on asthma as a condition.

I was also curious about people with bad allergies.
 
Re: Covfefe-19: Do What Now?

geezer said:
No, thank you! Your efforts have been tremendously valuable and most likely will have saved lives. I have multiplied the reach of your posts many times over and I suspect you’ve provided the wake up call to other networks as well.
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:)
J.D. said:
Says he has asthma, but I have no idea what the stats are telling us on asthma as a condition.

I was also curious about people with bad allergies.
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Interesting question because one of the things I saw it seemed as if the respiratory crash came from the cascade that can cause severe asthma attack. I have to admit I didn't read it carefully because I was lazy
 
Re: Covfefe-19: Do What Now?

leswp1 said:
:)
Interesting question because one of the things I saw it seemed as if the respiratory crash came from the cascade that can cause severe asthma attack. I have to admit I didn't read it carefully because I was lazy
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Asthma makes one a heightened risk. My mom has asthma, and she went FULL lock-down last weekend, sends dad out to get stuff (both are obviously on the older side).
 
Re: Covfefe-19: Do What Now?

Handyman said:
jericho,

Flaggy isnt thinking he was right because he would never believe Trump would do this. This is totally different than the BS he peddled ;)

BTW all is well here in Mexico! Tequila and sunshine apparently is making me immune to Trump's Pandemic. If I get quarantined here they have contingencies for long term stays as well :D
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Flagster is self-isolating in his upstate NY spiderhole with his illegal full-auto modded assault rifle named "FlagDUDEette", and muttering about Bilderberg concocting this virus at their last meeting in the smoky back rooms of Davos, or wherever the hell it is they get together to plot out their sinister world hegemony designs. :D
 
Re: Covfefe-19: Do What Now?

Kepler said:
Dow Futures tanking again.
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We’re in October 2008. All we’re doing is trading wealth. The news crushes the market. People come in and score fire sale prices. Pushes the market up. People claim their profits. Market partially loses. More news crushes...etc. People with money are basically buying the stuff people are selling at a loss.

This is just the extremely volatile phase that happens in big recessions or bear markets. Dead cat bounce, whatever.

Look at October 2008, we had the same insane swings. It’s basically just gambling. If you don’t want to play with a RNG, just ride the volatility out. The market will find the long term price level it needs to.
 
Re: Covfefe-19: Do What Now?

dxmnkd316 said:
We’re in October 2008. All we’re doing is trading wealth. The news crushes the market. People come in and score fire sale prices. Pushes the market up. People claim their profits. Market partially loses. More news crushes...etc. People with money are basically buying the stuff people are selling at a loss.

This is just the extremely volatile phase that happens in big recessions or bear markets. Dead cat bounce, whatever.

Look at October 2008, we had the same insane swings. It’s basically just gambling. If you don’t want to play with a RNG, just ride the volatility out. The market will find the long term price level it needs to.
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Slow and steady. Buy stocks that grow slowly, but remain somewhat steady. "Playing the market" usually ends up in failure, as in "make money quickly."

I have only owned stock once, it was a company thing until a few years back. You got locked in for 100 shares after 5 years, at that price. You had another 5 years to either sell at current price, or buy at locked-in price, or lose those 100 shares. I couldn't afford the locked in price, so I sold. Waited until the last minute. Taxed to hell, but it was still free money. Price has more than doubled since then (this was 8.5 years ago when I cashed out) and only has really dipped in the last 3 days, by about 10%.
 
Re: Covfefe-19: Do What Now?

FadeToBlack&Gold said:
Great, now every paranoid jacka55 in America will doctor shop for the next two weeks demanding a prescription for this med. :rolleyes:
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Ha, well hopefully it can be used to help the gravely ill. Oh and I bet elderly people with existing health issues would take a shot of that vaccine that's being tested no questions asked right now.
 
leswp1 said:
They have to run out of green ink soon. They keep announcing more and more spending but the Dump already used the usual remedies.
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I've been told that isn't spending. It is quantitative easing. It's perfectly normal. Nothing to see here.
 
Re: Covfefe-19: Do What Now?

dxmnkd316 said:
We’re in October 2008. All we’re doing is trading wealth. The news crushes the market. People come in and score fire sale prices. Pushes the market up. People claim their profits. Market partially loses. More news crushes...etc. People with money are basically buying the stuff people are selling at a loss.

This is just the extremely volatile phase that happens in big recessions or bear markets. Dead cat bounce, whatever.

Look at October 2008, we had the same insane swings. It’s basically just gambling. If you don’t want to play with a RNG, just ride the volatility out. The market will find the long term price level it needs to.
Click to expand...

This is why I am saying we arent pulling out of this for quite some time. Yes there will be a good day here, maybe a good week if a business hits a good spot but this downturn will be everywhere. We havent even seen the full effect yet because businesses are just shutting down now. Imagine if Vegas stays closed for a month...imagine if Disney continues to have issues along with the other movie studios and theme parks...imagine airline issues for 8 weeks...you are going to have sagging businesses, 20% unemployment and zero certainty in leadership. If something happens to a bank the Depression is real...
 
Re: Covfefe-19: Do What Now?

Handyman said:
This is why I am saying we arent pulling out of this for quite some time. Yes there will be a good day here, maybe a good week if a business hits a good spot but this downturn will be everywhere. We havent even seen the full effect yet because businesses are just shutting down now. Imagine if Vegas stays closed for a month...imagine if Disney continues to have issues along with the other movie studios and theme parks...imagine airline issues for 8 weeks...you are going to have sagging businesses, 20% unemployment and zero certainty in leadership. If something happens to a bank the Depression is real...
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That is what I'm afraid of. Anyone with an ounce of intelligence knows the recession is coming, if not here already. It's a depression...hoo boy.
 
Re: Covfefe-19: Do What Now?

Yeah, we’re ****ed.

****s going to be shut down for months. Absolutely nothing is going to be different in a couple weeks. You end the shutdowns and cases will start to skyrocket. We need a near lockdown for months so the virus spreads slowly throughout the population — we need to have a decent number infected and recovered before we can gradually end the social distancing.

Schools are likely done for the year.
 
Re: Covfefe-19: Do What Now?

Handyman said:
This is why I am saying we arent pulling out of this for quite some time. Yes there will be a good day here, maybe a good week if a business hits a good spot but this downturn will be everywhere. We havent even seen the full effect yet because businesses are just shutting down now. Imagine if Vegas stays closed for a month...imagine if Disney continues to have issues along with the other movie studios and theme parks...imagine airline issues for 8 weeks...you are going to have sagging businesses, 20% unemployment and zero certainty in leadership. If something happens to a bank the Depression is real...
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Luckily, 99% of banking can be done online or by phone call.

But yeah, this is why it’s now priority 1B to keep the banks open and the money supply stable. This QE is probably the only thing holding back a depression. The Fed isn’t full of sycophantic idiots best I can tell. They understand this better than most and there’s a reason they’re taking extreme measures. They probably also know the admin ****ed us all by cutting taxes to nothing. They’ve dropped rates to zero and are throwing everything they have at the money supply. If this fails, they’re out of ammo. We’re out of ammo.

Priority 1A being, of course, fighting the virus.

The only thing I wonder is does it matter who the 20% are? If it’s service workers, those are typically ramped up quickly. Skilled positions like science, engineering, teaching, etc. aren’t so easy to fill fast and train. Then again, service industry is usually living more paycheck to paycheck and that’s the churn of the economy. So maybe it’s worse. Hard to really know.

Edit: 1C is now about securing the food supply.
 
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