Coronavirus fears hammer markets - how far will it go?

R

rob feature

Noob
Man, the last week or so has been a ride. I got into safer positions a while back so this hasn't been too spooky on my portfolio just yet, but whooda thunk a little bug could trigger this kind of selloff? Anxiously awaiting the return of the bulls, but something tells me it could be a while. How long ya reckon this one's gonna last? Is it a blip? Another recession? I don't think the bears are done with us personally.
 
56,000 people die from the common flue every year and little to no press. 2900 die from Coronavirus and everyone is in a panic because of the leftist media spreading propaganda.
 
JCsAudio said:
56,000 people die from the common flue every year and little to no press. 2900 die from Coronavirus and everyone is in a panic because of the leftist media spreading propaganda.
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Mainly due to its exponential growth and infection rate I’d think is it not? It’s massively easy to pass on and way more aggressive than normal flu is it not?
 
JCsAudio said:
56,000 people die from the common flue every year and little to no press. 2900 die from Coronavirus and everyone is in a panic because of the leftist media spreading propaganda.
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True. I'll add to that. The Chinese ate some bats and started a virus that killed a few thousand people. Americans eat terrible food everyday that leads to over half a million deaths per year (deaths stemming from diseases related to poor diet). Why is this not in the news?
 
dumdum said:
Mainly due to its exponential growth and infection rate I’d think is it not? It’s massively easy to pass on and way more aggressive than normal flu is it not?
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I honestly don’t know all those facts. Still the media is taking advantage of this and spreading fear and also now making it political. Same old shit they always do!
 
SublimeZ said:
Why is this in Politics sub forum?
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Probably because someone will inevitably blame Trump for it, the Democrats already are.
I heard some poll results this morning on the radio, "35% of Americans (those polled, of course) would not buy Corona beer under any circumstances because of the Corona virus." Those are some seriously stupid people.
 
ckirocz28 said:
Probably because someone will inevitably blame Trump for it, the Democrats already are.
I heard some poll results this morning on the radio, "35% of Americans (those polled, of course) would not buy Corona beer under any circumstances because of the Corona virus." Those are some seriously stupid people.
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Wow and freaking hilarious! :lol:
 
All I know is that I'm just about ready to jump back into the market. I just sold several houses and I have cash that wants to grow!

I think we have a bit more of a slide, and growth won't be super fast at first, but by summer we will be strong as can be.
 
dobslob said:
All I know is that I'm just about ready to jump back into the market. I just sold several houses and I have cash that wants to grow!

I think we have a bit more of a slide, and growth won't be super fast at first, but by summer we will be strong as can be.
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Yep, buy low, sell high.
 
ckirocz28 said:
Probably because someone will inevitably blame Trump for it, the Democrats already are.
I heard some poll results this morning on the radio, "35% of Americans (those polled, of course) would not buy Corona beer under any circumstances because of the Corona virus." Those are some seriously stupid people.
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The Corona virus is a public health issue, and as such, should transcend politics. This used to be second nature to Americans. If we can't put aside our tribal political thinking in the face of possible crisis, then we are destined for balkinization.
 
SublimeZ said:
The Corona virus is a public health issue, and as such, should transcend politics. This used to be second nature to Americans. If we can't put aside our tribal political thinking in the face of possible crisis, then we are destined for balkinization.
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I really don't think political thinking is gonna be our undoing, it'll be the unbelievable stupidity being practiced in every aspect of life these days. Corona virus won't be any more of a problem than the flu or pneumonia.
 
DavidRam said:
True. I'll add to that. The Chinese ate some bats and started a virus that killed a few thousand people. Americans eat terrible food everyday that leads to over half a million deaths per year (deaths stemming from diseases related to poor diet). Why is this not in the news?
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Funny you say that. I had a pretty funny discussion with a buddy the other day about possible origins of the virus. It started out like - some dude was driving down the road with his window down, someone coming in the other direction ran over an armadillo & just the right proportion of bodily fluids mixed with his Nuka-Cola at just the right temperature and voila. It only devolved from there.

On the other thing, I read a few stories just in the last couple days about how Americans are more obese than ever - likely largely due to diet.

IMO this is certainly a newsworthy topic. It's shutting down and/or hindering segments of the economy. As we exist in a global marketplace, ignoring it would be reckless. Supply chains are being upset. Tourism is suffering. People are dying. It's something we know little about so far and seem to be unprepared for it. Not addressing it would be irresponsible.
 
dobslob said:
All I know is that I'm just about ready to jump back into the market. I just sold several houses and I have cash that wants to grow!

I think we have a bit more of a slide, and growth won't be super fast at first, but by summer we will be strong as can be.
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There will definitely be some buying opportunities on the other side of this
 
ckirocz28 said:
Probably because someone will inevitably blame Trump for it, the Democrats already are.
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Of course it's Trump's fault. Every time the market goes up you guys give all the credit to Trump so it stands to reason that he deserves the credit if it goes down as well.
 
SublimeZ said:
The Corona virus is a public health issue, and as such, should transcend politics. This used to be second nature to Americans. If we can't put aside our tribal political thinking in the face of possible crisis, then we are destined for balkinization.
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It should transcend politics but this is really no different than with the response to ebola other than the side making it into a political issue is different.
http://www.msn.com/en-us/news/factcheck/steve-scalise-says-republicans-worked-with-obama-on-ebola-lets-go-to-the-tape/ar-BB10tWbm?li=BBnb7Kz&ocid=U218DHP
 
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