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Coronavirus
- Thread starter nobbie48
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It's a hiccup. Stupid people will get hurt, but long term investors will sit tight and be fine.
Oh, and the big cities will run out of butt wipe.
daught
Well-known member
The World’s 10 Richest Billionaires Lose $38 Billion On Coronavirus-Spurred ‘Black Monday’
I am having a very hard time conceptualizing how they "lost" money. They still have the same assets. With the impending recession every lost house, job and even a missed payment that blemishes someone's credit is a lot more real and tragic than those lost billions. But they lost money, so job cuts are necessary. Not their fault, it's the virus. Convenient since a virus cant be chased out of town with pitchforks. Maybe this virus will be our salvation from ourselves and the society that we live in.
Meanwhile...
I am having a very hard time conceptualizing how they "lost" money. They still have the same assets. With the impending recession every lost house, job and even a missed payment that blemishes someone's credit is a lot more real and tragic than those lost billions. But they lost money, so job cuts are necessary. Not their fault, it's the virus. Convenient since a virus cant be chased out of town with pitchforks. Maybe this virus will be our salvation from ourselves and the society that we live in.
Meanwhile...
They "lost" money the same way everybody else did. It was just a paper drop but if they were to cash out today, they would have a lot less money than if they cashed out last week. Over the long term, the only people that actually lost a significant amount of money this week are those that panic sell at the bottom and buy again after it recovers. If you stay in, it is just a bump in the road. If you went all in yesterday, you made a crapton of money (who knows whether that gain will stick or not though).The World’s 10 Richest Billionaires Lose $38 Billion On Coronavirus-Spurred ‘Black Monday’
I am having a very hard time conceptualizing how they "lost" money. They still have the same assets. With the impending recession every lost house, job and even a missed payment that blemishes someone's credit is a lot more real and tragic than those lost billions. But they lost money, so job cuts are necessary. Not their fault, it's the virus. Convenient since a virus cant be chased out of town with pitchforks. Maybe this virus will be our salvation from ourselves and the society that we live in.
Meanwhile...
sburns
Well-known member
Who knows, better safe then sorry. I just recieved a package from them, and I let it sit for a day without really touching it, and I have not opened it yet.....
Paper losses. (Toilet paper losses?)
I haven't looked at my brokerage account. I don't want to, and I think it's best that I don't. Just wait until it blows over.
www.worldometers.info
Scroll down a bit to the chart that lists cases by country and you can click on the country name to bring up more charts.
China: number of active cases peaked on 17 Feb and has now dropped to about a third of the peak. They imposed very strong travel restrictions quite a while ago.
South Korea: number of active cases is showing signs of peaking right now. They also imposed strong restrictions and evidently have very good policies for fairly wide scale testing and isolation.
Iran: number of cases is still going up but the rate is slowing down. No idea what they are doing to try to control its spread.
France: number of cases is still going up but the rate of increase is slowing down.
Italy: number of active cases is still going up in an exponential pattern but they just imposed strong travel restrictions and they have wide scale testing and isolation, so one would think that the number of cases will still go up for the next little bit as they catch up on diagnosis. One would expect that they're going to follow the same pattern as China and South Korea but a few weeks behind.
Spain: looks like they are about a week and a half behind Italy. They've imposed travel restrictions in the most affected areas. As of right now, my scheduled trip there is still on (it's not to the areas currently with restrictions), but it wouldn't surprise me if that changes.
Germany: the number of deaths relative to the number of cases is exceptionally small, to the extent of being an outlier. The active number of cases is still going up. I have a feeling that Germany has been extremely aggressive with diagnosis. They may be identifying more of the cases that other countries have missed.
Others, including the USA, the numbers are too small to indicate much.
I haven't looked at my brokerage account. I don't want to, and I think it's best that I don't. Just wait until it blows over.
Coronavirus Update (Live): 133,680,566 Cases and 2,900,909 Deaths from COVID-19 Virus Pandemic - Worldometer
Live statistics and coronavirus news tracking the number of confirmed cases, recovered patients, tests, and death toll due to the COVID-19 coronavirus from Wuhan, China. Coronavirus counter with new cases, deaths, and number of tests per 1 Million population. Historical data and info. Daily...
www.worldometers.info
Scroll down a bit to the chart that lists cases by country and you can click on the country name to bring up more charts.
China: number of active cases peaked on 17 Feb and has now dropped to about a third of the peak. They imposed very strong travel restrictions quite a while ago.
South Korea: number of active cases is showing signs of peaking right now. They also imposed strong restrictions and evidently have very good policies for fairly wide scale testing and isolation.
Iran: number of cases is still going up but the rate is slowing down. No idea what they are doing to try to control its spread.
France: number of cases is still going up but the rate of increase is slowing down.
Italy: number of active cases is still going up in an exponential pattern but they just imposed strong travel restrictions and they have wide scale testing and isolation, so one would think that the number of cases will still go up for the next little bit as they catch up on diagnosis. One would expect that they're going to follow the same pattern as China and South Korea but a few weeks behind.
Spain: looks like they are about a week and a half behind Italy. They've imposed travel restrictions in the most affected areas. As of right now, my scheduled trip there is still on (it's not to the areas currently with restrictions), but it wouldn't surprise me if that changes.
Germany: the number of deaths relative to the number of cases is exceptionally small, to the extent of being an outlier. The active number of cases is still going up. I have a feeling that Germany has been extremely aggressive with diagnosis. They may be identifying more of the cases that other countries have missed.
Others, including the USA, the numbers are too small to indicate much.
Your logic is a lot of the reason I didn't buy a bunch of AMZN yesterday. They should be paying a dividend and they don't. Making me look for an alternative buy.
Six Flags was worth a look but isn't for me. I'm thinking Cedar Fair (NYSE:FUN). It's down over 50% from it's one year high (almost all the drop over the last week). At some point in the not too distant future, Wonderland is going to go residential (well probably mixed-use). Cedar Fair market cap is 1.8B. They pay a 12% dividend and can probably sell the land under wonderland for more than 25% of their market cap. They would still have 12 more parks at that point (although I would sell, I don't like the theme park business).
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USA is going to be the big problem they have done almost no testing and it is almost impossible to get tested there I predict they will hit 10000 by the end or the week if they test. Seem like they are going to let God sort it out.Paper losses. (Toilet paper losses?)
I haven't looked at my brokerage account. I don't want to, and I think it's best that I don't. Just wait until it blows over.
Coronavirus Update (Live): 133,680,566 Cases and 2,900,909 Deaths from COVID-19 Virus Pandemic - Worldometer
Live statistics and coronavirus news tracking the number of confirmed cases, recovered patients, tests, and death toll due to the COVID-19 coronavirus from Wuhan, China. Coronavirus counter with new cases, deaths, and number of tests per 1 Million population. Historical data and info. Daily...
Scroll down a bit to the chart that lists cases by country and you can click on the country name to bring up more charts.
China: number of active cases peaked on 17 Feb and has now dropped to about a third of the peak. They imposed very strong travel restrictions quite a while ago.
South Korea: number of active cases is showing signs of peaking right now. They also imposed strong restrictions and evidently have very good policies for fairly wide scale testing and isolation.
Iran: number of cases is still going up but the rate is slowing down. No idea what they are doing to try to control its spread.
France: number of cases is still going up but the rate of increase is slowing down.
Italy: number of active cases is still going up in an exponential pattern but they just imposed strong travel restrictions and they have wide scale testing and isolation, so one would think that the number of cases will still go up for the next little bit as they catch up on diagnosis. One would expect that they're going to follow the same pattern as China and South Korea but a few weeks behind.
Spain: looks like they are about a week and a half behind Italy. They've imposed travel restrictions in the most affected areas. As of right now, my scheduled trip there is still on (it's not to the areas currently with restrictions), but it wouldn't surprise me if that changes.
Germany: the number of deaths relative to the number of cases is exceptionally small, to the extent of being an outlier. The active number of cases is still going up. I have a feeling that Germany has been extremely aggressive with diagnosis. They may be identifying more of the cases that other countries have missed.
Others, including the USA, the numbers are too small to indicate much.
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bigpoppa
Well-known member
Testing would be socialism bruh
Canada need to start a system like Israel everyone entering the country 2 week quarantine no matter what.
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Except when some countries are willfully letting in run rampant like our southern neighbors. It is our governments duty to protect it's citizens. This could have been controlled but the us and some other countries decided that would be hard and they would ignore it.
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Trials
Well-known member
Could it? Ever watch that border security show
they need to begin by telling half those air travel customers they are too stupid and irresponsible to continue participating in global travel without a better reason.
Uh Trudeau is on vacation bud, not that he'd do anything if he was present anyways.
This is why I only invest in gold, silver and now cobalt. Stocks, like cash in the bank are paper to me, paper can be devalued overnight into less that nothing.
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