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This is for those who keep panicking everytime there's going to be a market collapse


               
2020 Feb 29, 7:18pm   2,300 views  48 comments

by Rin   follow (13)  

First of all, let me post the S&P 500 for the past two decades ...



I've added the Bollinger Bands and an approx 200 day MA as the chart keeps resizing to make it a difficult task with price bars altering to fit new time frames.

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41   mell   2020 Mar 2, 3:00pm  

Heraclitusstudent says
Why?
If each sick person contaminates 3 others, that's enough.
It's a discussion at the coffee machine.


It's not transmitted that easily. Most people stay at home as soon as they develop symptoms. Even if you do show symptoms mostly infection happens through droplets, i.e. cough or sneeze. You DON'T catch it by walking around or sitting in the same room given the room is big enough and has standard ventilation. Touching surfaces may infect you, but only if the virus hasn't died yet, the person infected didn't wash their hands and touched their nose or mouth (i.e. sneezing/coughing into the hand) and the person touching the surface does touch their nose or mouth BEFORE washing their hands. Very similar to the flu. Transmission is possible while you're asymptomatic but it's far less likely since the viral concentration in you saliva/mucus is far less.

Heraclitusstudent says
It will clearly grow in the US. This is already baked-in. It's stupid at this point to be condescending to Italians and French. You are not better in any way. Especially at a time when the CDC can't run enough tests.


The Italians had big mess ups by releasing and mixing up hospitalized people and not protecting their workers. Germany said they're above closing borders and screening, also France in the beginning. If you are that lax you will have higher cases. The US has def always had more drastic measures, even if you consider them inadequate. Europe generally has a different approach to infectious diseases, most kids are still exposed to childhood diseases and an outbreak of measles is hardly newsworthy while in the US it is reported in every local newspaper and channel and vaccination rates are much higher. It's not about being condescending, it's different attitudes. But as it spreads more they will contain it more. In contrast here in the US people panic shop Costco and leave empty shelves for those that might really need it (people w/ pre-existing conditions and elderly).
42   WookieMan   2020 Mar 2, 3:21pm  

Anyone got a link where this killed a 100% healthy person? Normal blood pressure. No immune system issues. No respiratory issues. Not super old.

My guess is probably close to 90% of Chinese have respiratory issues due to pollution. Their death rate is not an apples to apples comparison outside of China. They generally live on top of each other making transmission easier. America is MUCH further spread apart compared to China or Europe and cleaner than China at least. China is populated at least 4x greater per square mile. It's very likely our hospitals can handle a high transmission rate in big cities and give better care than China can.

Basically this kills old people or people with weak immune systems. Which sucks of course, but they were already in danger for regular 'ole influenza. I'm astonished by the hype with this.
43   Booger   2020 Mar 2, 3:25pm  

Heraclitusstudent says
It's stupid at this point to be condescending to Italians and French


It's hard not to be since both countries are filled with surrender monkeys.
44   Heraclitusstudent   2020 Mar 2, 3:56pm  

mell says
Most people stay at home as soon as they develop symptoms.

No they don't. If they have a cold, they go to work. And remember most cases are benign.
In the US many people can't afford to miss a day of work. If they have they flu, they take some Motrin and fucking go to work.
Cough droplets can stay in the air for 2 hour and still infect someone walking by. This stuff is highly contagious.

mell says
Germany said they're above closing borders and screening, also France in the beginning.

Last I checked Nevada didn't close its border to CA, but Italy has locked down an entire zone.

mell says
Europe generally has a different approach to infectious diseases, most kids are still exposed to childhood diseases and an outbreak of measles is hardly newsworthy

There is no difference in the coronavirus case. They are not spreading it in Europe as a way to vaccinate kids.
All this discussion is meaningless... The US failed to contain the disease which is now spreading on the west coast. Same situation as Europe, with 1 week delay.
45   mell   2020 Mar 2, 4:04pm  

Heraclitusstudent says
mell says
Most people stay at home as soon as they develop symptoms.

No they don't. If they have a cold, they go to work. And remember most cases are benign.
In the US many people can't afford to miss a day of work. If they have they flu, they take some Motrin and fucking go to work.
Cough droplets can stay in the air for 2 hour and still infect someone walking by. This stuff is highly contagious.

mell says
Germany said they're above closing borders and screening, also France in the beginning.

Last I checked Nevada didn't close its border to CA, but Italy has locked down an entire zone.

mell says
Europe generally has a different approach to infectious diseases, most kids are still exposed to childhood diseases and an outb...


Lol you must have short sold the market and be hoping for an apocalypse. in Washington they likely had community transmission for the past 6 weeks, the cases show up because now everybody with cold/flu symptoms is getting tested. The pandemonium you're hoping for is extremely unlikely and the differences between the US and Europe are vast, geographically and wrt response. And even in Europe this will pass. Likely this new strain will become endemic and return every season or every couple seasons. Get used to it.
46   Rin   2020 Mar 2, 4:35pm  

Heraclitusstudent says
Rin says
Until this formation re-occurs, we're basically in a type of technical correction much like others in the past few years.

I admire people who put their faith in technical analysis. As if past numbers mattered more than current events.


You mean that SARs didn't happen between 2002 and 2004, the post-dotcom bear market?

In other words, it's happened before and is happening in a similar vein, again, however, SARs kicked in, when the markets were already in the toilet.
47   theoakman   2020 Mar 2, 5:03pm  

Patrick says
theoakman says
I'm not buying the market in general but a few decent stocks that got beaten down that pay good dividends were easy buys.


Got any ticker symbols to share with us?

HeadSet says
How about air?


Interesting idea. So you'd roll an air pollution tax into the cost of gasoline?


Nothing fancy. Big names. Altria, Exxon Mobile, Verizon...
48   Heraclitusstudent   2020 Mar 2, 10:30pm  

Rin says
You mean that SARs didn't happen between 2002 and 2004, the post-dotcom bear market?

In other words, it's happened before

Yeah well... This ain't SARS 2004.

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