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Coronavirus (Stay on Topic)

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Well have they not gotten it or are there just no fatalities?

Hmmm from reading the CDC it sounds like some children in China have gotten it but it's been very uncommon and no fatalities yet.

 
Not sure who is pretending it's someone else's problem and stocking up on supplies in case of an emergency shouldn't be dependent upon a POTUS advising you to do so (that's part of the problem we have now, society too dependent on gov't to tell them how to live, react, prepare, etc but that's another topic). Anyway to the first part of your post, from an economic perspective, I certainly see your point but we also have to remember that information (good, bad, right or wrong) gets out instantly now. How much worse would the Spanish flu have been from an economic standpoint if information was available worldwide at the click of a button, instead the virus back then spread much faster then the information itself. The fear of what may or may not occur is what drives the economy these days. I don't know, I just don't get the "we're doing nothing and this administration is sitting on it's hands" argument. We're not a 3rd world country and I'm confident we have the medical know how to combat this issue plus as I mentioned, the request for 2.5 billion dollars indicates steps are being taken.

Information flow is a difference, but the biggest difference now is the interconnectedness of and interdependence with the global economy. That's the primary driver of the impacts that are showing up. My opinion is that phrases to the effect that the coronavirus is contained and not a big deal here creates a false sense of complacency and inaction. The population needs to be encouraged to take action, sensible action...not coddled and soothed. I think this can be delivered in a way that will encourage most people to act reasonably. I know we have a lot of idiots out there, but the government, and I don't mean Trump here, but the government in general always underestimates the ability of the people make the right choices. It's one major reason why the people are losing faith in governments all over the world.

@Rain Cold also to this point
If Trump has a TV cut-in tomorrow night and says PANIC, then that's what will happen. If he comes out and says, we have a serious situation developing globally, and while it's not established in the US now, we should start taking the following action and considering the following steps, you would have a much more controlled situation than you will when it shows up in New York City, then San Francisco, then Minneapolis, then Raleigh, etc. out of the blue.

I think you are giving the general public too much credit, Lol... look at the panic that's already starting to show up. Even if the POTUS did a cut-in as you mentioned (the we have a serious situation one) panic would still go full throttle. And there would be those that condemned his actions, again either way no POTUS can win in this situation, not in today's political climate that's for sure.

For me, it's not a win or lose with POTUS. I come down on the side of providing information that will help people. IF this thing starts to show up here (and again, I strongly suspect it will), there is GOING to be panic, at least in places. I'd risk a little bit of panic on the front end, that would quickly settle down, where supply chains are still stable, than take it on the chin later, when the situation is likely to be much more dire. My opinion is not that I'm trying to throw the administration under the bus, but instead I'm saying that I think they would be better served to deliver a message now than to wait until it's already self-evident.
 
It really is amazing that we know so very little and can't 100 percent trust the info but are getting so worried and cautious. I think we are being played and the markets manipulated. Just my opinion. It's happened before...I will never get over the Y2k scare. I even got food up and stuff. They were very convincing. It was ridiculous. The media can be dangerous. Misinformation. Really sucks to have to decide IF we should even trust the information in the first place. Messed up.
 
That's why I asked why @Rain Cold was already concluding that this is THE worst outbreak in 100 years (since Spanish Flu).
I didn't say this was the worst outbreak in 100 years. I said we haven't seen a virus like this in 100 years. That's not a very clear statement. But what I mean to say is that the combination of characteristics of this virus, the timing of it, and the current and potential impact upon the global economy and healthcare system is something that hasn't happened in a long time. It is not YET the worst outbreak in 100 years, but it has more potential to end up that way than anything else over that time period.
 
As an add on to my above post...I'm afraid that I may have made a mistake not selling 3M stock when it was at 180 not long ago. That's one stock that I think is pretty intertwined with this (although all of them can be) and I got in at 163, trying for long term (wished I had at around 150 but I wanted to wait for it to be 150 even and it was starting to go up), but was thinking of eventually selling at a higher price (although higher than 180).

It went down from being at a price higher than I got in with the recent earnings call, but still wasn't awful, needless to say however with the panic over the coronavirus, I'm afraid to look for fear of losing my nerve entirely.
 
Hmmm from reading the CDC it sounds like some children in China have gotten it but it's been very uncommon and no fatalities yet.


Good I know we both have concerns being fathers of young kids.
 
Only reason why coronavirus concerns me is well, my immune system sucks, badly, and I can’t help but think bout the older ones in my family with COPD or other Heath issues, and the economic impact
 
Again ask yourself, why no update on the other American cases? With the frenzy in the news media to get the latest scoop you would think out of 53 cases the journalists would be interviewing or getting info on some of the other people involved but they aren't. Here's a good summary article below that lists some of the various recent updates
.SNOWLOVER91

Main stream media is to busy promoting Russia, Ukraine conchocted coupes to actually do a journalist investigation,research,follow up etc.
That's exactly what I've been saying. Why would no Americans be talked to. I would love to hear from the sick or recovered..Nuts. Something is wacko..
 
Hmmm from reading the CDC it sounds like some children in China have gotten it but it's been very uncommon and no fatalities yet.


It’s really not that surprising when you really think about it. It’s didn’t make sense to me either until I thought about it some. The problem is we are comparing it to the flu which hits the old and young harder. But based on what I’ve read, coronavirus family is what most of our common colds come from which means this is closer to a cold than the flu.

Having kids myself, while a cold hits them, it doesn’t linger like it does me or my wife. They can be sick one day and fine the next while I’m fighting the dogone thing for a week hacking and sneezing. If All this is true, the kids are pretty much taking it as a cold while it hits older people worse.
 
My place of work is a big ole problem if this ever did take serious roots. We get roughly 18 raw material unloads from around the country and overseas a day. We ship out roughly 40 finished goods trucks a day.

My work station has 16 total employees spread across 4 shifts with shared forklifts, computers and control touchscreens for the machines.

The risk is high for this and other bugs.
 
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It’s really not that surprising when you really think about it. It’s didn’t make sense to me either until I thought about it some. The problem is we are comparing it to the flu which hits the old and young harder. But based on what I’ve read, coronavirus family is what most of our common colds come from which means this is closer to a cold than the flu.

Having kids myself, while a cold hits them, it doesn’t linger like it does me or my wife. They can be sick one day and fine the next while I’m fighting the dogone thing for a week hacking and sneezing. If All this is true, the kids are pretty much taking it as a cold while it hits older people worse.

Coronaviruses have a big range of severity, ranging from a common cold to SARS/MERS (those were caused by coronaviruses) new novel coronavirus is In between those, more on the lower side
 
And here is another thing...My daughter works at a hospital. I just asked her what has she heard. ZERO. No talk, no literature no nothing. I ask her if she looks at bulletin boards to see if there is info. She said they even have huddles to talk about things of importance. Zilch. Now how in the world could that be? Either it is not that big of a deal or somebody is real stupid. You would think hospitals large and small, clinics, medical offices and anything in between would have to be talking about this by now...Weird.
 
Here are the current CDC COVID-19 advisories for international travel:

Warning Level 3: Avoid Nonessential Travel

Alert Level 2: Practice Enhanced Precautions

Watch Level 1: Practice Enhanced Precautions

flu season sm.gif
 
Needless to say I don't want to look at my actual account until it rebounds...it has to soon doesn't it.

Those stocks that are on sale...some of us already have money in them and we can't really do a thing other then watch and hope. At least with one case I did get in at a great price, which happens to be google, and that is definitely still in the green on gains for me, but even that one is plummeting.
If volatility makes you too nervous to look at your account, you might need to adjust your risk tolerance. The market has been extremely overvalued for a long time. Central bank monetary policy has enabled this. They can't print up masks, food, and vaccines, though. Sharp sell-downs are likely when stocks are at nosebleed levels.
 
Man the Dow is not doing better now. It's down more than 600 points so far today.
-812. Will we get the famous run into the close during the last 15 minutes?
 
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