Scary virus outbreak in China

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  • Posts: 4,574
    edited March 2020
    George / NJ

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  • Posts: 15,251
    Interesting map. Thanks.

    Any stock rebound is to be expected, and is temporary.
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  • Posts: 51,048
    treitz3 wrote: »
    Care to back that up with any intelligence?

    Tom

    That'll never happen.
    Political Correctness'.........defined

    "A doctrine fostered by a delusional, illogical minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t-u-r-d by the clean end."


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  • Posts: 33,059
    Bud, to quote one of my favorite movies, moonstruck....

    Everything is temporary !!
    🙂

    So what changed today that enabled the market to come roaring back ? The virus news is just as bad today as it was last week.
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  • Posts: 25,556
    looks like the top level of Iran's government has been exposed to the virus. I call that a silver lining.
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  • Posts: 2,712
    I would submit to you that the VAST majority of Americans that contract this virus will never know it. They will feel sick for a few days, then recover and go on with their life.

    This has been the course of viral infections since the dawn of time. What has changed is the 24hr news cycle, that always needs a “crisis” to drive their ratings, and in turn advertising revenue.
    “Human beings are born with different capacities. If they are free, they are not equal. And if they are equal, they are not free.”
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  • Posts: 745
    looks like the top level of Iran's government has been exposed to the virus. I call that a silver lining.

    I read that too. See the virus ain't that bad.
  • Posts: 5,605
    BlueFox wrote: »
    It amazes me how poor people know everything about the stock market.

    I pulled all my investments/401k out of stock last year.
    The investment guy was confused. I bet he now has a hint
    of why a long term bull market can't be maintained.
    It was going to happen. If not this, something else.
    "The legitimate powers of government extend to such acts only as are injurious to others. But it does me no injury for my neighbour to say there are twenty gods, or no god. It neither picks my pocket nor breaks my leg." --Thomas Jefferson
  • Posts: 13,032
    edited March 2020
    daddyjt wrote: »
    I would submit to you that the VAST majority of Americans that contract this virus will never know it. They will feel sick for a few days, then recover and go on with their life.

    This has been the course of viral infections since the dawn of time. What has changed is the 24hr news cycle, that always needs a “crisis” to drive their ratings, and in turn advertising revenue.

    giphy.gif

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  • Posts: 33,059
    sucks2beme wrote: »

    I pulled all my investments/401k out of stock last year.
    The investment guy was confused. I bet he now has a hint
    of why a long term bull market can't be maintained.
    It was going to happen. If not this, something else.

    Goes without saying, what goes up must come down eventually. The dips are short lived though. The markets as a whole over long periods of time continue to go up and up.

    You know how California is waiting for "the big one" to happen....same for the markets. To me, a crash aka...the big one...is gonna happen sooner rather than later. Why do I say that ? Because in spite of our booming economy, we are still broke with mountains of debt, while everyone else also has mountains of debt, negative interests rates, and no booming economies. There has to be a reset somewhere, that wipes out all debt. Only a crash can do that, and usually it's the middle class, middle investors, that are told to bend over.

    I know that's not very optimistic, but we are long overdue for a worldwide plunge.
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  • Posts: 745
    tonyb wrote: »

    Goes without saying, what goes up must come down eventually. The dips are short lived though. The markets as a whole over long periods of time continue to go up and up.

    You know how California is waiting for "the big one" to happen....same for the markets. To me, a crash aka...the big one...is gonna happen sooner rather than later. Why do I say that ? Because in spite of our booming economy, we are still broke with mountains of debt, while everyone else also has mountains of debt, negative interests rates, and no booming economies. There has to be a reset somewhere, that wipes out all debt. Only a crash can do that, and usually it's the middle class, middle investors, that are told to bend over.

    I know that's not very optimistic, but we are long overdue for a worldwide plunge.

    I thought we had that 12 years ago. Or are you suggesting worst?
  • Posts: 25,556
    Twelve years ago was a warning shot that went unheeded.
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    “When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson
  • Posts: 33,059
    I'm suggesting worse, something catastrophic that will force a rewire of the financial institutions around the globe. Debts will have to be wiped out in order for growth to happen again. Like a game of musical chairs, who will be left standing with no chair ?

    I can tell you this, it won't be the elites, and certainly won't be the poor, they never had a chair to begin with. That leaves the middle class again to take the brunt of the losses.

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  • Unknown
    edited March 2020
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  • Posts: 25,556
    6 deaths now, all in Washington.
    The Gear... Carver "Statement" Mono-blocks, Mcintosh C2300 Arcam AVR20, Oppo UDP-203 4K Blu-ray player, Sony XBR70x850B 4k, Polk Audio Legend L800 with height modules, L400 Center Channel Polk audio AB800 "in-wall" surrounds. Marantz MM7025 stereo amp. Simaudio Moon 680d DSD

    “When once a Republic is corrupted, there is no possibility of remedying any of the growing evils but by removing the corruption and restoring its lost principles; every other correction is either useless or a new evil.”— Thomas Jefferson
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  • Posts: 9,878
    I figure most of the people dying are Chinese and I'm over here and I'm making BIG money from all the brouha and isn't that's what most important how much money I can make ? Yeah money that's THE most important thing. :ME. and MY MONEY.
    I see there are a number of fellow traellers with the same mindset in this thread because WE know what's most important in life: money.
    Sal Palooza
  • Posts: 15,251
    tonyb wrote: »
    I'm suggesting worse, something catastrophic that will force a rewire of the financial institutions around the globe. Debts will have to be wiped out in order for growth to happen again. Like a game of musical chairs, who will be left standing with no chair ?

    I can tell you this, it won't be the elites, and certainly won't be the poor, they never had a chair to begin with. That leaves the middle class again to take the brunt of the losses.

    I actually agree with this. Will wonders never cease? :)
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  • Posts: 2,712
    I figure most of the people dying are Chinese and I'm over here and I'm making BIG money from all the brouha and isn't that's what most important how much money I can make ? Yeah money that's THE most important thing. :ME. and MY MONEY.
    I see there are a number of fellow traellers with the same mindset in this thread because WE know what's most important in life: money.

    Well,... yea.

    Certainly not the most important, but pretty close. I like to be able to feed my family. And clothe them. And provide them a safe place to sleep. I like to have reliable transportation. And medical care. And audio gear.

    That all takes money. The demonization of wealth perplexes me, especially on an audio forum where so many spend so much on a hobby.
    “Human beings are born with different capacities. If they are free, they are not equal. And if they are equal, they are not free.”
    ― Aleksandr Solzhenitsyn
  • Posts: 9,878
    Oh I'm not demonizing money.
    In fact I've discarded all moral values becuse I'v seen how I can increase my moneys by doing so.
    Sal Palooza
  • Posts: 8,815
    nvlmhdiwalcs.jpg

    Anti-Corona virus spray,
    Spray throat three times a day.
  • Posts: 745
    nvlmhdiwalcs.jpg

    Anti-Corona virus spray,
    Spray throat three times a day.

    Now you're speakin my language.
  • Posts: 8,592
    krazypolk wrote: »
    So much for the gloom and doomers. Stocks are roaring back!

    For one day. That’s a little premature
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  • Posts: 8,592
    6 deaths now, all in Washington.

    How many sick in Washington?
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  • Posts: 7,247
    Joey_V wrote: »

    How many sick in Washington?

    Back in the early 90s, everyone between the ages of 16 and 32 in Washington was sick.
  • Unknown
    edited March 2020
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