Scary virus outbreak in China
Comments
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W.H.O has declared covid-9 a pandemic.
This should be good for another 20% leg down of the market.
The best way to predict the future is to invent it.
It is imperative that we recognize that an opinion is not a fact. -
Italy has the 8th highest GDP in the world. Nominal GDP exceeds that of either Texas or New York. Only California is wealthier, as a state, than Italy.
That means garbage. The quality of life in general, especially Healthcare, is much greater in Texas and NY. Seeing is believing, go there some time and if you consider Italy the 8th richest country on the planet, then the rest of the planet in comparison to us, is a sh-it hole. Sure it has it's rich parts and touristy parts, but like an island in the Caribbean, the outside is nice, but the interior is crap, and the people live in the crap, not the nice parts.HT SYSTEM-
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I saved 5$ at the pump yesterday while filling up on premium.
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Funny how science takes money but when a drug company charges money for that little pill and make a profit that actually funds more science, certain people loose their minds.
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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 -
^^ Ok, explain why it seems it is only the US that seems to carry the price of said development?
The best way to predict the future is to invent it.
It is imperative that we recognize that an opinion is not a fact. -
I have been several times, driven across it by car several times too, and in terms of quality of life, I would take Italy ahead of Texas or upstate New York without hesitating for a second (Manhattan would be a tougher comparison)....The quality of life in general, especially Healthcare, is much greater in Texas and NY. Seeing is believing, go there some time...
Such things are a matter of taste, perhaps. I don’t measure quality of life by the size or number of my TV’s, or the size of my truck.
Anyway, this is veering off topic, so we can just agree to disagree on Italy.Alea jacta est! -
nooshinjohn wrote: »
Funny how science takes money but when a drug company charges money for that little pill and make a profit that actually funds more science, certain people loose their minds.
100% correct.
Further, if we ever go to “Medicare for all” (socialized medicine), most of the medical innovations in this country will cease. THAT will be a massive tragedy.
"Conservative Libertarians love the country, progressive leftists love the government." - Andrew Wilkow
“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 -
If Italy is going to hell, then when is the Olive Garden going to lower their prices?
In my experience, Olive Garden has NOTHING to do with Italian food..."Conservative Libertarians love the country, progressive leftists love the government." - Andrew Wilkow
“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 -
You and two others have nothing to do with audio either yet, here you are. Spewing out anything and everything non-audio.
Tom~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~ -
Hmmmm...I wonder what the Coronavirus sounds like. *FACEPALM*
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nooshinjohn wrote: »
Funny how science takes money but when a drug company charges money for that little pill and make a profit that actually funds more science, certain people loose their minds.
100% correct.
Further, if we ever go to “Medicare for all” (socialized medicine), most of the medical innovations in this country will cease. THAT will be a massive tragedy.
Valid assumption, so I guess we have no room to complain about the cost of medical care and insurance either. We must shutup and pay the price for funding these innovations, or they will cease to exist for the same reason.The best way to predict the future is to invent it.
It is imperative that we recognize that an opinion is not a fact. -
Aside from being tragic, this virus outbreak is really interesting. It has only been about one month since it started making the news, and quite a bit has happened and changed in that one month. It will be very interesting what the next month will bring.Lumin X1 file player, Westminster Labs interconnect cable
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motorhead43026 wrote: »nooshinjohn wrote: »
Funny how science takes money but when a drug company charges money for that little pill and make a profit that actually funds more science, certain people loose their minds.
100% correct.
Further, if we ever go to “Medicare for all” (socialized medicine), most of the medical innovations in this country will cease. THAT will be a massive tragedy.
Valid assumption, so I guess we have no room to complain about the cost of medical care and insurance either. We must shutup and pay the price for funding these innovations, or they will cease to exist for the same reason.
No, by all means - complain all you want. But don’t demand a vaccine for viruses like this, then bemoan the cost of pharmaceuticals..."Conservative Libertarians love the country, progressive leftists love the government." - Andrew Wilkow
“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 -
Expert Moron Extraordinaire
You're just jealous 'cause the voices don't talk to you! -
Thank you, John. I was looking for that yesterday. Much appreciated.
Tom~ In search of accurate reproduction of music. Real sound is my reference and while perfection may not be attainable? If I chase it, I might just catch excellence. ~ -
motorhead43026 wrote: »nooshinjohn wrote: »
Funny how science takes money but when a drug company charges money for that little pill and make a profit that actually funds more science, certain people loose their minds.
100% correct.
Further, if we ever go to “Medicare for all” (socialized medicine), most of the medical innovations in this country will cease. THAT will be a massive tragedy.
Valid assumption, so I guess we have no room to complain about the cost of medical care and insurance either. We must shutup and pay the price for funding these innovations, or they will cease to exist for the same reason.
No, by all means - complain all you want. But don’t demand a vaccine for viruses like this, then bemoan the cost of pharmaceuticals...
I am not complaining at all. I have excellent employer provided insurance, private sector.
In fact I am going to be treated for a virus related condition, it is an 8 week treatment $1333.00 per pill per day.
The best way to predict the future is to invent it.
It is imperative that we recognize that an opinion is not a fact. -
It could get real bloody into the close.The best way to predict the future is to invent it.
It is imperative that we recognize that an opinion is not a fact. -
Yes, and it is just getting started.Lumin X1 file player, Westminster Labs interconnect cable
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This will be the norm for the next three to four weeks. Hang on to your britches.
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I would like to see one for the FLU as well..Polk Audio SDA 2.3tl Fully Hot Rodded. 😎
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That link has been posted a half dozen times already...
Alea jacta est! -
That link has been posted a half dozen times already...
I don't really care.
This whole thread has been about how much money y'all are losing and every time someone tells y'all to lighten up and stop panicking, you throw the human factor in and tell those who are gettin' on you that they are glossing over and minimizing a medical crisis of global proportions. Then you go right back to talking about money and markets.
We're at 34 pages on this thread. The majority is posts about money. Those who have tried to inject reason and quell the panic have been met with mockery and incredulous indignation.
I posted it again because, one, I don't care how many times it's been posted it's obviously not enough and two, y'all need a reality check. Your money will come back. The market will recover. If something like this upsets you so much in the pocketbook, pull your money out of the stock market and do something else with it. You shouldn't be in it anyway.
Or are y'all on the edge of discussing how the death toll from the disease is a good form of population control? 'Cause y'all have been pretty callous otherwise while buying into and fanning the flames of panic with your perpetual market updates and whatever unqualified talking head you can find that it just looking for some air time by discussing the absolute worst case scenarios.Expert Moron Extraordinaire
You're just jealous 'cause the voices don't talk to you! -
All of those points have been made time and time again. In fact, we were told to believe that this was nothing but a blip.
The JHU CSSE link clearly shows that this is absolutely not a blip.
The markets agree that this is not a blip. In fact, the DJIA closed in bear market territory for the first time since the financial crisis. The S&P 500 and Nasdaq are less than 2% away from the same fate.
Goldman Sachs estimates that we will enter bear market territory for all three indices within weeks, before recovering.
Meanwhile, every time it was stated that this was serious, the response has been that everything was fine. In fact, here’s a lovely quote that has aged well in hindsight.President Trump.....we've got this.
The fate of the markets is inextricably linked to the progress of the virus.Alea jacta est! -
..."Conservative Libertarians love the country, progressive leftists love the government." - Andrew Wilkow
“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 -
The OP brought up the financial implications, so it's not off topic.
I am North of 65 years old, although the odds of catching this are slim I would be a dead man if I should.
The best way to predict the future is to invent it.
It is imperative that we recognize that an opinion is not a fact. -
All implications, physical, social, economic, are valid discussion points. As I said earlier, I am really interested in what the next month will bring. Sticking our head in sand and ignoring it will not change anything. Ignorance is not bliss.Lumin X1 file player, Westminster Labs interconnect cable
Sony XA-5400ES SACD; Pass XP-22 pre; X600.5 amps
Magico S5 MKII Mcast Rose speakers; SPOD spikes
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Shunyata Sigma XLR analog ICs, Sigma speaker cables
Shunyata Sigma HC (2), Sigma Analog, Sigma Digital, Z Anaconda (3) power cables
Mapleshade Samson V.3 four shelf solid maple rack, Micropoint brass footers
Three 20 amp circuits. -
Nobody is advocating ignorance Bud, just common sense.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 -
Well looks like all NCAA games and some NBA teams are going to play in empty auditoriums.
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All of those points have been made time and time again. In fact, we were told to believe that this was nothing but a blip.
The JHU CSSE link clearly shows that this is absolutely not a blip.
The markets agree that this is not a blip. In fact, the DJIA closed in bear market territory for the first time since the financial crisis. The S&P 500 and Nasdaq are less than 2% away from the same fate.
Goldman Sachs estimates that we will enter bear market territory for all three indices within weeks, before recovering.
Meanwhile, every time it was stated that this was serious, the response has been that everything was fine. In fact, here’s a lovely quote that has aged well in hindsight.President Trump.....we've got this.
The fate of the markets is inextricably linked to the progress of the virus.
You just proved John's point, you're all about the money.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."
President of Club Polk -
motorhead43026 wrote: »nooshinjohn wrote: »
Funny how science takes money but when a drug company charges money for that little pill and make a profit that actually funds more science, certain people loose their minds.
100% correct.
Further, if we ever go to “Medicare for all” (socialized medicine), most of the medical innovations in this country will cease. THAT will be a massive tragedy.
Valid assumption, so I guess we have no room to complain about the cost of medical care and insurance either. We must shutup and pay the price for funding these innovations, or they will cease to exist for the same reason.
Not a valid assumption at all. NASA and military research has yielded vast amounts of practical innovations. All funded by taxpayers with government oversight.
This discussion has been closed.