China Corona Virus #2

[ovrszd]

Let's try this again. Hopefully we can keep this one going.

I'm not a "News Hound". I keep up with this topic here on TBN. Some very intelligent and investigative men have contributed to this topic. I'd like to continue to benefit from their knowledge and research.

Any updates today?

 

[k0ua]

Let's try this again. Hopefully we can keep this one going.

I'm not a "News Hound". I keep up with this topic here on TBN. Some very intelligent and investigative men have contributed to this topic. I'd like to continue to benefit from their knowledge and research.

Any updates today?

Well apparently one of our servicemen in S. Korea has now tested positive.

 

[ovrszd]

Well apparently one of our servicemen in S. Korea has now tested positive.

Oh Bummer.

Yeah, I've been to S Korea 12 times when I was in the Service. Human contact is inevitable.....

 

[CobyRupert]

Nancy Messonnier, director of CDC’s National Center for Immunization and Respiratory Diseases, told reporters:
“Disruption to everyday life might be severe..”

“As more and more countries experience community spread, successful containment at our borders becomes harder and harder,”

The CDC urged American businesses and families to start preparing for the possibility of a bigger outbreak. Messonnier said that parents should ask their children’s schools about plans for closures. Businesses should consider whether they can offer telecommuting options to their employees, while hospitals might need to look into expanding telehealth services, she said.

Meanwhile, after weeks of telling Americans that China has a lid on the situation, and subsequent spread to Italy, Iran, Korea and other countries, Trump said yesterday:
"I think that's a problem that's going to go away," Trump said during a trip to India, expressing confidence that the epidemic will not seriously harm the global economy.

Tuesday's market open in the United States and he said that his administration was putting "a lot of talent, brainpower" behind tackling the virus.
"We're watching very carefully," Trump said. "We're fortunate so far and we think it's going to remain that way."

So there you have it.

Who to believe?
The director of the CDC, or believe Trump? (Edited)

BTW, I'm not being political here, these are going to be very real "Rural Living" issues in a few days.

 

[ovrszd]

Coby, can you edit your post above? The entire last half was unnecessary.

 

[RNeumann]

Coby, can you edit your post above? The entire last half was unnecessary.

Most with #TDS can’t help themselves!

Selective quotes can tell whatever story you want.......

We have a virus that is killing at a rate slightly higher than the “normal” flu.

 

[California]

I see the Dow is up 1.6% now (10:40am in NYC)* for a net -4.7%, year-to-date. Maybe there won't be a financial panic.

My own guess is the world economy will contract due to supply chain disruptions, and I had expected this to cause a continual decline in market indexes.

As for personal risk of illness, that's anyone's guess, unknowable based on present information.


=======
*Footnote, edit: Then the market closed today down a half a percent.

It's still my guess that the market will drift downward.

 

[California]

I don't think its political TDS to mention that the scientific and the political forecasts differ, rather, each person has to come to their own conclusions after considering all available information.

 

[ovrszd]

I don't think its political TDS to mention that the scientific and the political forecasts differ, rather, each person has to come to their own conclusions after considering all available information.

I agree. But I also know Coby just threw gasoline on the fire. What follows could lead to a thread lock. I don't think Coby's intent was malicious. Just unnecessary.

 

[ovrszd]

I see the Dow is up 1.6% now (10:40am in NYC) for a net -4.7%, year-to-date. Maybe there won't be a financial panic.

My own guess is the world economy will contract due to supply chain disruptions, and I had expected this to cause a continual decline in market indexes.

As for personal risk of illness, that's anyone's guess, unknowable based on present information.

From my uneducated redneck world, every time I see a huge swing either direction in the markets I recognize it as Marketeers manipulating and making money. And we feed them by moving stock. The speed at which it levels indicates action or a lack of it. Absolutely mental manipulation.

 

[rekees4300]

Let's try this again. Hopefully we can keep this one going.

I'm not a "News Hound". I keep up with this topic here on TBN. Some very intelligent and investigative men have contributed to this topic. I'd like to continue to benefit from their knowledge and research.

Any updates today?

Last updated: February 8, 2020, 6:00 ET
Global Totals: Cases=37,155 Deaths=806 Recovered=2,634

Last updated: February 13, 2020, 11:00 AM ET
Global Totals: Cases=60,414 Deaths=1370 Recovered=6,295

Last updated: February 18, 2020, 6:02 PM ET
Global Totals: Cases=75,134 Deaths=2,007 Recovered=14,442

Last updated: February 23, 2020, 12:25 AM ET
Global Totals: Cases=78,993 Deaths=2,470 Recovered=23,419

Last updated: February 26, 2020, 11:00 AM ET
Global Totals: Cases=81,280 Deaths=2,770 Recovered=30,358

Worldometer

 

[bigtiller]

Someone back east who is self-described as a very stable genius, said he believes it will go away in April when the weather warms up.
Come on April.

 

[California]

From my uneducated redneck world, every time I see a huge swing either direction in the markets I recognize it as Marketeers manipulating and making money. And we feed them by moving stock. The speed at which it levels indicates action or a lack of it. Absolutely mental manipulation.

Then add the effect of computerized trading that accelerates the pace of change to beyond what anyone can interpret. I read recently that Tesla stock is churning so fast that the market value of all available stock gets bought/sold within three days. That's not investment, its nothing more than a speculator's playground.

 

[Peter 315]

Then add the effect of computerized trading that accelerates the pace of change to beyond what anyone can interpret. I read recently that Tesla stock is churning so fast that the market value of all available stock gets bought/sold within three days. That's not investment, its nothing more than a speculator's playground.

Day traders ...

 

[ovrszd]

Then add the effect of computerized trading that accelerates the pace of change to beyond what anyone can interpret. I read recently that Tesla stock is churning so fast that the market value of all available stock gets bought/sold within three days. That's not investment, its nothing more than a speculator's playground.

Yep. Same with grain futures/markets. With them, they should have to take delivery to purchase. That would stop almost all of that manipulation.

 

[ovrszd]

Day traders ...

Yeah, was trying to think of that but it escaped me.

 

[CobyRupert]

Coby, can you edit your post above? The entire last half was unnecessary.

I don't think its political TDS to mention that the scientific and the political forecasts differ, rather, each person has to come to their own conclusions after considering all available information.

I've edited it. I removed Trump's own statements about why he should be believed (a natural at science, big brain, etc..) as those statement were made previously and not directly related to this story.

I can see your point that "who to believe", Director of the CDC or Trump, could be political. Although. IMHO, it shouldn't be. They're BOTH members of the same administration.

OP asked for an update. As California noted, I gave you updates from 2 different sources.
Why remove just one source? To remove one half and not the other would show (a political) bias. And we don't want the thread locked for that.

 

[Jstpssng]

From my uneducated redneck world, every time I see a huge swing either direction in the markets I recognize it as Marketeers manipulating and making money. And we feed them by moving stock. The speed at which it levels indicates action or a lack of it. Absolutely mental manipulation.

I understand more about finances because of posts by more savvy TBN members. One thing that I do know however, is not to check my 401K in times like this.
The Coronavirus cat is out of the bag and beyond the point of containment. The only question now is how much damage it will do before an effective vaccine is found.

 

[ovrszd]

I've edited it. I removed Trump's own statements about why he should be believed (a natural at science, big brain, etc..) as those statement were made previously and not directly related to this story.

I can see your point that "who to believe", Director of the CDC or Trump, could be political. Although. IMHO, it shouldn't be.

OP asked for an update. As California noted, I gave you updates from 2 different sources.
Why remove just one source? To remove one half and not the other would show (a political) bias. And we don't want the thread locked for that.

I simply don't see any benefit from Political context? Even the most cleverly disguised.

If we get to the point of the government having to take control then I might feel differently. If that happens we can start a thread about that specifically.

Right now it's beneficial for me to hear statistical data.

 

[ovrszd]

I understand more about finances because of posts by more savvy TBN members. One thing that I do know however, is not to check my 401K in times like this.
The Coronavirus cat is out of the bag and beyond the point of containment. The only question now is how much damage it will do before an effective vaccine is found.

I agree. I have lectured my Sons about that too. They are in their 40s. No time to be getting all crazy eyed about the Stock Markets.