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Coronavirus (Stay on Topic)

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Interesting article from Forbes discussing the impact of previous pandemics on the DJIA - notable is the market's performance during the 2009 Swine Flu pandemic (which killed over 12,000 Americans and sickened 61 million more): "From the start of the virus to its finish, the Dow had risen over 40%."

swine djia.jpg
www.forbes.com

How Stocks Reacted During Past Flu Pandemics And Steps You Can Take To Minimize Losses

Stock markets around the world have been in freefall this week as news of the coronavirus continues to paint a dire picture.
www.forbes.com www.forbes.com
 
Yellow Snow said:
Interesting article from Forbes discussing the impact of previous pandemics on the DJIA - notable is the market's performance during the 2009 Swine Flu pandemic (which killed over 12,000 Americans and sickened 61 million more): "From the start of the virus to its finish, the Dow had risen over 40%."

View attachment 36555
www.forbes.com

How Stocks Reacted During Past Flu Pandemics And Steps You Can Take To Minimize Losses

Stock markets around the world have been in freefall this week as news of the coronavirus continues to paint a dire picture.
www.forbes.com www.forbes.com
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Not really a good comparison. If I remember right the swine flu started in Mexico but jumped into the US within two weeks. The amount of news coverage that just dropped it was stunning as it quickly became clear the virus wasn't killing 20% of people infected, not even in the same universe. Much different than this virus.
 
Yellow Snow said:
Today the first case of reinfection was reported in SK:
www.koreatimes.co.kr

Korean woman reinfected with coronavirus after recovery

South Korea reported its first case of reinfection by the new coronavirus Saturday amid mounting concerns over the rapid rise in infections here. A South Korean woman tested positive for COVID-19 for a second time, even after being released from quarantine, according to the Korea Centers for...
www.koreatimes.co.kr www.koreatimes.co.kr
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I know its not good for the lady, but it will be very interesting how hard a case she gets. If she takes it easily it will start helping destroy the second infection will kill you idea. If not it's definitely something else to have to think about.
 
Arcc said:
Not really a good comparison. If I remember right the swine flu started in Mexico but jumped into the US within two weeks. The amount of news coverage that just dropped it was stunning as it quickly became clear the virus wasn't killing 20% of people infected, not even in the same universe. Much different than this virus.
Click to expand...

The swine flu pandemic lasted over a year; it wasn't some flash-in-the-pan story. And since when did COVID-19 reach a mortality rate of 20%?
 
Yellow Snow said:
The swine flu pandemic lasted over a year; it wasn't some flash-in-the-pan story. And since when did COVID-19 reach a mortality rate of 20%?
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It may have lasted over a year, but it quickly got into a nation with great healthcare and everyone realized it wasn't much different than the normal flu.

COVID has had time to effect the markets more because of fear. It originated in a closed country notorious for health scares and had had time to scare the world.

To my knowledge covid hasn't reached close to 20%, but that was the number being leaked out of Mexico with the swine flu.
 
Arcc said:
To my knowledge covid hasn't reached close to 20%, but that was the number being leaked out of Mexico with the swine flu.
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The markets typically don't react to random "leaks", and there wasn't a major drop in the DJIA until WHO declared it to be a Phase 6 pandemic (three months after it began).
 
Heelyes said:
Monday is going to be a bad day on for the market.
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The possibility of CoV-19 becoming widespread in the US is appearing increasingly more realistic by the day, and in all likelihood, markets would seriously tank as people either voluntarily or are forced to stay away from schools, businesses, etc. Hopefully we've contained this but the community spread in the western US is concerning.
 
Webberweather53 said:
The possibility of CoV-19 becoming widespread in the US is appearing increasingly more realistic by the day, and in all likelihood, markets would seriously tank as people either voluntarily or are forced to stay away from schools, businesses, etc. Hopefully we've contained this but the community spread in the western US is concerning.
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I believe it was already spreading rapidly when Trump had his address. All we can do now is let it run its course. If NJ case is real then it’s already accelerating spread across the US.
 
Matthew70 said:
I believe it was already spreading rapidly when Trump had his address. All we can do now is let it run its course. If NJ case is real then it’s already accelerating spread across the US.
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Yeah, it's here no doubt. Probably been here for weeks. When the cruise ship showed 55-60% asymptomatic, it was over trying to contain.
 
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