Scary virus outbreak in China

1242527293042

Comments

  • Kex
    Kex Posts: 4,621
    edited March 2020
    The “circuit breaker” trading halts were introduced following the 20.5% (S&P 500) market drop on Black Monday in October 1987.
    • Applies to individual stocks, or the market as a whole.
    • Tier I is triggered after a 7% drop compared to the previous close. Trading will be halted for fifteen minutes.
    • Tier II is triggered after a 13% drop. Trading will be halted for fifteen minutes.
    • Tier III is triggered after a 20% drop. Trading will be halted for the remainder of the day.
    Tier I could have been triggered for the S&P 500 four times from September to December in 2008, but not since then. Judging just by that metric, this could be far from over.

    Multiple individual stock halts occurred this morning. The SEC maintains a list of trading halts HERE
    Alea jacta est!
  • nooshinjohn
    nooshinjohn Posts: 23,640
    dromunds wrote: »
    Take a deep breath fellas. Fear is the mind killer

    Not worried about the mind. It's the rest of me falling apart

    When they begin the overture, they start to end the show...

    The Gear... Carver "Statement" Mono-blocks, Arcam AVR21, 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. Yamaha CD-S2100 SACD Player.

    In retirement...TriangleArt Reference SE with Walker Precision Motor Drive,

    “Every record has been destroyed or falsified, every book has been rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered…History has stopped. Nothing exists except the endless present in which the party is always right” — George Orwell

    “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
  • Gardenstater
    Gardenstater Posts: 2,886
    Kex wrote: »
    The “circuit breaker” trading halts were introduced following the 20.5% (S&P 500) market drop on Black Monday in October 1987.
    • Applies to individual stocks, or the market as a whole.
    • Tier I is triggered after a 7% drop compared to the previous close. Trading will be halted for fifteen minutes.
    • Tier II is triggered after a 13% drop. Trading will be halted for fifteen minutes.
    • Tier III is triggered after a 20% drop. Trading will be halted for the remainder of the day.
    Tier I could have been triggered for the S&P 500 four times from September to December in 2008, but not since then. Judging just by that metric, this could be far from over.

    Multiple individual stock halts occurred this morning. The SEC maintains a list of trading halts HERE

    According to the wikipedia article I posted the link for, it didn't trigger then:

    "Instances of use
    On October 27, 1997, under different trading curb rules then in effect, trading at the New York Stock Exchange was halted early after the Dow Jones Industrial Average declined by 550 points.[6][7] This is the only time US stock markets have closed early due to trading curbs. Since then, circuit breakers have evolved from a Dow Jones Industrial Average points-based system into a percentage change system that tracks the S&P 500.

    Then SEC Chairman Arthur Levitt Jr. believes this instance of use was unnecessary,[8] and that market price levels had increased so much since circuit breakers were implemented that the point based system triggered a halt for a decline that was not considered a crisis.[9] Some, like Robert R. Glauber, suggested in the aftermath of the circuit breaker tripping that trigger points be increased, and automatically reset by formula on an annual basis.[8]

    On March 9, 2020, stocks fell more than 7% (1885 points) on fears of Coronavirus (COVID-19) and oil prices. The market was closed for 15 minutes.[10]"
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
    Martin Logan Dynamo sub w/6ft 14awg Power Cord
    Crown D150 amp
    Logitech Squeezebox Touch Streamer w/EDO applet
    iFi nano iDSD DAC
    iPurifier3
    iDefender w/ iPower PS
    Custom Steve Wilson 1m UPOCC Interconnect
    iFi Mercury 0.5m OFHC continuous cast copper USB cable
    Custom Ribbon Speaker Cables, 5ft long, 4N Copper, 14awg, ultra low inductance
    Custom Vibration Isolation Speaker Stands and Sub Platform
  • Kex
    Kex Posts: 4,621
    Yeah, I saw that @Gardenstater, thanks.

    There seems to be some confusion because the S&P did drop by more than 7% four times in late 2008, and therefore should have triggered a trading halt. Some business wires report that at least one trading halt did occur in 2008, but Wikipedia states that it didn’t.

    The SEC list doesn’t seem to record any market halts in their archives, only those of individual stocks (which have separate thresholds, starting at 10%).
    Alea jacta est!
  • tonyb
    tonyb Posts: 32,714
    Even if the market crashed, it's still going to come back. The ones that will get hurt are the ones at or near retirement ages who don't have the time to wait for recovery. Wiki is not the most accurate at times.

    Saw this story today, and thought how irresponsible adults can be. To go to a dance yet, very important those dances.

    https://www.foxnews.com/health/family-missouri-first-coronavirus-patient-broke-self-quarantine

    This is why you'll never be able to stop the spread of viruses...stupid people abound.
    HT SYSTEM-
    Sony 850c 4k
    Pioneer elite vhx 21
    Sony 4k BRP
    SVS SB-2000
    Polk Sig. 20's
    Polk FX500 surrounds

    Cables-
    Acoustic zen Satori speaker cables
    Acoustic zen Matrix 2 IC's
    Wireworld eclipse 7 ic's
    Audio metallurgy ga-o digital cable

    Kitchen

    Sonos zp90
    Grant Fidelity tube dac
    B&k 1420
    lsi 9's
  • motorstereo
    motorstereo Posts: 1,811
    tonyb wrote: »
    Even if the market crashed, it's still going to come back. The ones that will get hurt are the ones at or near retirement ages who don't have the time to wait for recovery. Wiki is not the most accurate at times.

    That would be my situation. At 64 this was going to be my retirement year. But with the recent market losses I've made up my mind that I'll now be working one more year. At first I had a tantrum about this but after giving it some thought it could be a lot worse. In my case if this happened say 8-10 years from now it would've been much more costly and I would've been unable to go back to work to get my finances back on track.
    I feel bad for those that have retired and have lost a great deal of money already with more losses sure to come.

  • ZLTFUL
    ZLTFUL Posts: 5,552
    Kex wrote: »
    Wikipedia states that it didn’t.

    Bear in mind that Wikipedia is *not* infallible. It is editable by anyone and has been notoriously abused in the past.
    Not saying that they are in this instance, incorrect, just that articles that can be community edited can still hold misinformation.

    "Some people find it easier to be conceited rather than correct."

    "Unwad those panties and have a good time man. We're all here to help each other, no matter how it might appear." DSkip
  • Willow
    Willow Posts: 10,585
    edited March 2020
    I invested all my money with hookers and blow! When Stocks fall people buy more of the products because they feel bad and down. When stocks go up they buy more because they can afford more!!
    TV room- B&W 703, SVS PB10 NSD, Marantz NR1607, Parasound 1500a, Pro-Ject Debut Carbon (Yellow) with Acrylic platter, Pro-Ject phono pre, MIT AVT 2 speaker cables, MIT AVT 1 and AVT 2 ICs, XLO Jumpers, Signal Dig Coax, Signal Cable Magic Power Cables x3, Samsung QN75Q7DR Qled 75" tv, Harmony 1100, Sony BDP-S6200, Marantz DV-4200 (as Transport), Cambridge Audio DAC Magic100, Monster 3600MKII, PS4, Nintendo Switch and Xbox 360 Family room Samsung 55JS7000 Android Mi Box3 and Apple TV, Polk Magnifi Max. - Pool /Gazebo Yamaha RX-A1010, Polk Patio 25x4, Rotel RDV 1045 (as CDP) MIT AVT3 ICs - Work - Spotify Premium, Neutron App or Amazon Music to my FiiO Kunlun into my Grado SR125e

  • Gardenstater
    Gardenstater Posts: 2,886
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
    Martin Logan Dynamo sub w/6ft 14awg Power Cord
    Crown D150 amp
    Logitech Squeezebox Touch Streamer w/EDO applet
    iFi nano iDSD DAC
    iPurifier3
    iDefender w/ iPower PS
    Custom Steve Wilson 1m UPOCC Interconnect
    iFi Mercury 0.5m OFHC continuous cast copper USB cable
    Custom Ribbon Speaker Cables, 5ft long, 4N Copper, 14awg, ultra low inductance
    Custom Vibration Isolation Speaker Stands and Sub Platform
  • Kex
    Kex Posts: 4,621
    Honestly, not sure that it matters a whole lot, but FWIW:

    buv0uq4ciqdi.jpeg
    Alea jacta est!
  • Gardenstater
    Gardenstater Posts: 2,886
    That's before they instituted the halt or curb system. That last day on 10/19/1987 was what prompted it.......Black Monday
    George / NJ

    Polk 7B main speakers, std. mods+ (1979, orig owner)
    Martin Logan Dynamo sub w/6ft 14awg Power Cord
    Crown D150 amp
    Logitech Squeezebox Touch Streamer w/EDO applet
    iFi nano iDSD DAC
    iPurifier3
    iDefender w/ iPower PS
    Custom Steve Wilson 1m UPOCC Interconnect
    iFi Mercury 0.5m OFHC continuous cast copper USB cable
    Custom Ribbon Speaker Cables, 5ft long, 4N Copper, 14awg, ultra low inductance
    Custom Vibration Isolation Speaker Stands and Sub Platform
  • motorhead43026
    motorhead43026 Posts: 3,892
    edited March 2020
    Oil prices are even scarier than the virus. The at the same time barrel war between Russia and the Saudis could put a real hurt on the US oil patch.
    2 channel: Anthem 225 Integrated amp; Parasound Ztuner; TechnicsTT SL1350; Vincent PHO-8 phono pre; Marantz CD6005 spinner; Polk SDA2BTL's; LAT International speaker cables, ZU Mission IC's and power cables all into a PS Audio Dectet Power center.

    Other; M10 series II, M7C's, Hafler XL600 amp, RB-980BX, Parasound HCA-1500 amp , P5 preamp, all in storage. All vintage Polk have had crossover rebuilds and tweeter upgrades.

    The best way to predict the future is to invent it.

    It is imperative that we recognize that an opinion is not a fact.

    Imagine making politics your entire personality.
  • pitdogg2
    pitdogg2 Posts: 21,231
    edited March 2020
    Oil prices are even scarier than the virus. The at the same time barrel war between Russia and the Saudis could put a real hurt on the US oil patch.

    Yep the Saudis ask the Rooskis to curtail some output to help both. The Rooskis told the Saudis to pound sand. The Saudis opened the taps to bottom out the price.
    Not to mention the Saudis have some disdain for the frackers as well two birds one turn of the spicket.

    Well that is the way I understood it.
  • Joey_V
    Joey_V Posts: 7,889
    I'm glad I rebalanced my entire portfolio at the start of the downward spiral... today was nuts.
    I am 50% bonds now, I feel about 30% of each market drop.
    This can't go on forever, this is painful.

    Joey's Gear:
    Current Gear:
    Primary:
    Digital: Torus RM15 -> Bluesound Node 2 -> Emm Labs DAC2x/TSDx
    Analog: VPI Avenger Reference w/ Rim Drive w/ ADS + 12" Fatboy Dual Pivot + Lyra Etna
    Pre/Amp/Speakers: Audio Research Ref40 -> Boulder 2060 (w/ AQ WEL Signature) -> ??? + JL F113v2 x2 + JL CR1
    Secondary:
    Rotel RA1592 -> SF Olympica 3
    Tertiary:
    Oppo 105D -> Rotel RC1570/RB1582 amp -> Focal Kanta 2

  • factorz
    factorz Posts: 353
    Just saw on another audio site that Axpona is getting pushed till Aug. We will see if it happens, but not surprised.
  • BlueFox
    BlueFox Posts: 15,253
    I can’t believe the numbers from China showing the infection rate is going down. That makes no sense. China has millions of people, and many live in cities. Until this virus spreads everywhere the infection rate isn’t going down.
    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

    Shunyata Triton v3/Typhon QR on source, Denali 2000 (2) on amps
    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.
  • dromunds
    dromunds Posts: 9,577
    factorz wrote: »
    Just saw on another audio site that Axpona is getting pushed till Aug. We will see if it happens, but not surprised.

    That'll give Polk time to get the L800's there. :#
  • erniejade
    erniejade Posts: 5,961
    edited March 2020
    ZLTFUL wrote: »
    Kex wrote: »
    Wikipedia states that it didn’t.

    Bear in mind that Wikipedia is *not* infallible. It is editable by anyone and has been notoriously abused in the past.
    Not saying that they are in this instance, incorrect, just that articles that can be community edited can still hold misinformation.
    They can't put anything on the Internet that isn't true https://youtube.com/watch?v=3DZbSlkFoSU
    Musical Fidelity Tri-Vista 300,Audioquest Thunderbird Zero Speaker Cable, Tyler Highland H2, Audioquest Thunderbird Interconnect , Innuos Zen MK3 W4S recovery, WireWorld Platinum Starlight 7 USB, Border Patrol SE-I

    For sale T+A PA 1530R Wireworld Silver Eclipse 8 SC. Have but haven't used in a while: Cayin SCD50T,
  • kevhed72
    kevhed72 Posts: 4,670
    BlueFox wrote: »
    I can’t believe the numbers from China showing the infection rate is going down. That makes no sense. China has millions of people, and many live in cities. Until this virus spreads everywhere the infection rate isn’t going down.
    Bad information coming out of 🇨🇳? Not possible my friend!
  • Joey_V
    Joey_V Posts: 7,889
    BlueFox wrote: »
    I can’t believe the numbers from China showing the infection rate is going down. That makes no sense. China has millions of people, and many live in cities. Until this virus spreads everywhere the infection rate isn’t going down.

    Viruses can die out. SARS for instance.
    Joey's Gear:
    Current Gear:
    Primary:
    Digital: Torus RM15 -> Bluesound Node 2 -> Emm Labs DAC2x/TSDx
    Analog: VPI Avenger Reference w/ Rim Drive w/ ADS + 12" Fatboy Dual Pivot + Lyra Etna
    Pre/Amp/Speakers: Audio Research Ref40 -> Boulder 2060 (w/ AQ WEL Signature) -> ??? + JL F113v2 x2 + JL CR1
    Secondary:
    Rotel RA1592 -> SF Olympica 3
    Tertiary:
    Oppo 105D -> Rotel RC1570/RB1582 amp -> Focal Kanta 2

  • erniejade
    erniejade Posts: 5,961
    edited March 2020
    AXPONA dates now changed to Aug 7-9 from the scare.
    Musical Fidelity Tri-Vista 300,Audioquest Thunderbird Zero Speaker Cable, Tyler Highland H2, Audioquest Thunderbird Interconnect , Innuos Zen MK3 W4S recovery, WireWorld Platinum Starlight 7 USB, Border Patrol SE-I

    For sale T+A PA 1530R Wireworld Silver Eclipse 8 SC. Have but haven't used in a while: Cayin SCD50T,
  • Dennis Gardner
    Dennis Gardner Posts: 4,859
    Thankful that the market was at all time highs. Some room to correct.
    HT Optoma HD25 LV on 80" DIY Screen, Anthem MRX 300 Receiver, Pioneer Elite BDP 51FD Polk CS350LS, Polk SDA1C, Polk FX300, Polk RT55, Dual EBS Adire Shiva 320watt tuned to 17hz, ICs-DIY Twisted Prs, Speaker-Raymond Cable

    2 Channel Thorens TD 318 Grado ZF1, SACD/CD Marantz 8260, Soundstream/Krell DAC1, Audio Mirror PP1, Odyssey Stratos, ADS L-1290, ICs-DIY Twisted , Speaker-Raymond Cable
  • Willow
    Willow Posts: 10,585
    F1nut wrote: »
    I went into town today to do my usual grocery shopping. Plenty of TP, PT and water in both stores. I like living in an area where people exhibit common sense.

    Do those really exist?
    TV room- B&W 703, SVS PB10 NSD, Marantz NR1607, Parasound 1500a, Pro-Ject Debut Carbon (Yellow) with Acrylic platter, Pro-Ject phono pre, MIT AVT 2 speaker cables, MIT AVT 1 and AVT 2 ICs, XLO Jumpers, Signal Dig Coax, Signal Cable Magic Power Cables x3, Samsung QN75Q7DR Qled 75" tv, Harmony 1100, Sony BDP-S6200, Marantz DV-4200 (as Transport), Cambridge Audio DAC Magic100, Monster 3600MKII, PS4, Nintendo Switch and Xbox 360 Family room Samsung 55JS7000 Android Mi Box3 and Apple TV, Polk Magnifi Max. - Pool /Gazebo Yamaha RX-A1010, Polk Patio 25x4, Rotel RDV 1045 (as CDP) MIT AVT3 ICs - Work - Spotify Premium, Neutron App or Amazon Music to my FiiO Kunlun into my Grado SR125e

  • Joey_V
    Joey_V Posts: 7,889
    Here is a slide from a hospital

    jm7htfvg0pbk.png
    Joey's Gear:
    Current Gear:
    Primary:
    Digital: Torus RM15 -> Bluesound Node 2 -> Emm Labs DAC2x/TSDx
    Analog: VPI Avenger Reference w/ Rim Drive w/ ADS + 12" Fatboy Dual Pivot + Lyra Etna
    Pre/Amp/Speakers: Audio Research Ref40 -> Boulder 2060 (w/ AQ WEL Signature) -> ??? + JL F113v2 x2 + JL CR1
    Secondary:
    Rotel RA1592 -> SF Olympica 3
    Tertiary:
    Oppo 105D -> Rotel RC1570/RB1582 amp -> Focal Kanta 2

  • Joey_V
    Joey_V Posts: 7,889
    edited March 2020
    10x the admit rate of flu
    40x the icu admit rate
    Even if you don't die... there are many very painful ways of surviving.

    And this is in 2 months.

    I hope they are wrong.
    Otherwise, we are in for a shocker.
    Joey's Gear:
    Current Gear:
    Primary:
    Digital: Torus RM15 -> Bluesound Node 2 -> Emm Labs DAC2x/TSDx
    Analog: VPI Avenger Reference w/ Rim Drive w/ ADS + 12" Fatboy Dual Pivot + Lyra Etna
    Pre/Amp/Speakers: Audio Research Ref40 -> Boulder 2060 (w/ AQ WEL Signature) -> ??? + JL F113v2 x2 + JL CR1
    Secondary:
    Rotel RA1592 -> SF Olympica 3
    Tertiary:
    Oppo 105D -> Rotel RC1570/RB1582 amp -> Focal Kanta 2

  • Tony M
    Tony M Posts: 10,724
    So where do the Flu patients go?

    The same place the new virus patients are going to go?

    That's like 2 high tides at once huh?
    Most people just listen to music and watch movies. I EXPERIENCE them.
  • Joey_V
    Joey_V Posts: 7,889
    Tony M wrote: »
    So where do the Flu patients go?

    The same place the new virus patients are going to go?

    That's like 2 high tides at once huh?

    Great... I didn't even think about that.

    :(
    Joey's Gear:
    Current Gear:
    Primary:
    Digital: Torus RM15 -> Bluesound Node 2 -> Emm Labs DAC2x/TSDx
    Analog: VPI Avenger Reference w/ Rim Drive w/ ADS + 12" Fatboy Dual Pivot + Lyra Etna
    Pre/Amp/Speakers: Audio Research Ref40 -> Boulder 2060 (w/ AQ WEL Signature) -> ??? + JL F113v2 x2 + JL CR1
    Secondary:
    Rotel RA1592 -> SF Olympica 3
    Tertiary:
    Oppo 105D -> Rotel RC1570/RB1582 amp -> Focal Kanta 2

  • nooshinjohn
    nooshinjohn Posts: 23,640
    Joey_V wrote: »
    10x the admit rate of flu
    40x the icu admit rate
    Even if you don't die... there are many very painful ways of surviving.

    And this is in 2 months.

    I hope they are wrong.
    Otherwise, we are in for a shocker.

    I have zero doubt they are wrong...
    The Gear... Carver "Statement" Mono-blocks, Arcam AVR21, 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. Yamaha CD-S2100 SACD Player.

    In retirement...TriangleArt Reference SE with Walker Precision Motor Drive,

    “Every record has been destroyed or falsified, every book has been rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered…History has stopped. Nothing exists except the endless present in which the party is always right” — George Orwell

    “If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
This discussion has been closed.