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Surprise 02-28-2020 12:12 PM


Originally Posted by SparrowBird (Post 2985983)
standby for some troll to come here and say how the virus isn't bad. That may be true but it's the panic we should be worrying about.

also the market dropped another 700 points today. We're down 4000 points in a single week. Most drop in history.

Actually the market had a little run at the end of the day and was "only" down 357 at close. The Nasdaq actually barely eked out a gain. So not a good week by any stretch, but I don't think it was the worst week in history on a percentage basis.

Maybe this virus will kill us all, but that is far from clear. The herd mentality, amplified by social media, is really driving the panic right now. As many of you have probably gathered from other posts, I've been pretty negative about AA specifically lately. But I am optimistic that the coronavirus won't be nearly as bad as some would have you believe. As always, I could be wrong.

Excargodog 02-28-2020 12:22 PM


Originally Posted by LabDad06 (Post 2986028)
2% fatality rate for those KNOWN to have had it, so far. But how many have had it without knowing it? It's proven there are those with it that haven't even shown any symptoms, how many more of those are there? How many have been sick and didn't get tested? How many who have been sick and just stayed home like they normally do, and got better? Do you personally go see a doctor every time you're sick? I don't. Most people don't. If you're that afraid, take time off from your job, barricade yourself in your home, and wait it out.

I bet with time we'll see the perception was far worse than the reality.

^^^THIS^^^

Since only three states have testing kits, and the CDC has already recalled the first set of kits, we have no way about knowing how many mild or asymptomatic cases are out there. The CDC intends to do random testing in a number of cities to try to determine what exactly the case fatality rate is. I’d be willing to bet it’s much closer to 0.2% rather than 2%.


https://i.ibb.co/mC11zNG/311-DCC97-1...14-A162-B6.jpg

OOfff 02-28-2020 12:29 PM

Motion to rename the website to ”armchairepidemiologistsforum.com

at6d 02-28-2020 02:08 PM

Drink more bourbon!

Wipeout 02-28-2020 02:59 PM


Originally Posted by at6d (Post 2986114)
Drink more bourbon!

Reporting for duty!

PotatoChip 02-28-2020 03:11 PM


Originally Posted by at6d (Post 2986114)
Drink more bourbon!

Ready for action, sir!

Excargodog 02-28-2020 03:12 PM


Originally Posted by at6d (Post 2986114)
Drink more bourbon!

https://youtu.be/h_NceVE3Egg

BMEP100 02-28-2020 05:13 PM


Originally Posted by Surprise (Post 2986047)
Actually the market had a little run at the end of the day and was "only" down 357 at close. The Nasdaq actually barely eked out a gain. So not a good week by any stretch, but I don't think it was the worst week in history on a percentage basis.

The late rally was due to program trading for scheduled portfolio rebalancing. Lot’s of “market” orders in the last 15 minutes. More will come at the close on Monday. Might be a good time to sell those high flyer turds you’re now stuck with, or sell in the money calls-if there are any buyers.

FL370esq 02-28-2020 05:21 PM


Originally Posted by SparrowBird (Post 2985983)
standby for some troll to come here and say how the virus isn't bad. That may be true but it's the panic we should be worrying about.

also the market dropped another 700 points today. We're down 4000 points in a single week. Most drop in history.

Yeah it might be the biggest number but it was 4,000 points in a 30,000 point market. You would need a 6,000 point drop in one day to match the October 1987 Black Monday drop.

airlinegypsy 02-29-2020 09:28 AM

How much of that is Amazon and other tech companies not worrying about spreading the virus, well-being of its employees, etc. But trying to avoid several thousand employees from calling out sick at the same time when they come down with what is essentially a cold for most people?


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