The ultimate COVID thread

[We'llBeDoneIn15Minutes]

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Why does most of the world have negative interest rates?

The answer is it's complicated.

Most governments are in similar or worse debt and most fiat currencies are heading their way toward ruin.

 

[BLADEMDA]

Job losses could quickly soar into the millions as coronavirus craters U.S. economy
“The job market is in free fall,” said one economist. “Businesses have no choice but to reduce payrolls."

Job losses could quickly soar into the millions as coronavirus craters U.S. economy

“The job market is in free fall,” said one economist. “Businesses have no choice but to reduce payrolls."

www.nbcnews.com

 

[BLADEMDA]

A penny wise and a pound foolish.

What do you think the longer term economic costs are if we let the NYC healthcare system get overwhelmed?

So, would it be "wise" to plunge the country into a severe depression to save some lives? If so, how many lives would be saved by creating the worst depression in this nation's history? Would the USA actually be able to come out of this depression considering its overall debt to GDP and multi-trillion stimulus bills that will be passed? What will that U.S. Dollar actual buy from China if we are no longer the reserve currency?

You can't just shut down the world's biggest economy for a long period of time without suffering severe consequences. Consequences possibly worse that the Coronavirus itself.

 

[We'llBeDoneIn15Minutes]

A penny wise and a pound foolish.

What do you think the longer term economic costs are if we let the NYC healthcare system get overwhelmed?

You're asking a numbers question, so let's pull all emotion out of it as if you are with the Department of Wildlife managing animal population. I think the economic cost of being overwhelmed is rather small, mostly a lot of additional dead bodies, and of those mostly non-productive in an economic sense.

 

[We'llBeDoneIn15Minutes]

So, would it be "wise" to plunge the country into a severe depression to save some lives? If so, how many lives would be saved by creating the worst depression in this nation's history? Would the USA actually be able to come out of this depression considering its overall debt to GDP and multi-trillion stimulus bills that will be passed? What will that U.S. Dollar actual buy from China if we are no longer the reserve currency?

You can't just shut down the world's biggest economy for a long period of time without suffering severe consequences. Consequences possibly worse that the Coronavirus itself.

Welcome to the dark side Blade. It doesn't make you any less compassionate or less of a person to understand the math. I always say math will remain undefeated.

The easy way out usually digs a deeper hole with much less compassion in the long run. I agree that our very fragile financial situation of zero interest rates and debt up to our eyeballs can not sustain a lazy business as usual approach of throwing endless trillions at it.

 

[deleted643396]

Please don't take this the wrong way but from a strictly economic point of view NOT shutting the economy down for very long is the most cost effective approach in terms of monetary policy. In terms of humanitarian policy more people do die as a result.

I guess we are going to have to have a reckoning as a society then. Human life or the economy?

Healthcare is the number 2 industry in NYC behind financial services. In many cities it is the number 1 industry. What do you think the downstream effects of overwhelming that industry will be? it won’t just be the really old or really sick that are affected. What about the socio-political effects when we have to “triage?”

If you had wanted to rip this pandemic off like a band-aid then we would have had to start increasing healthcare capacity months ago. We didn’t and now here we are.

 

[deleted643396]

You're asking a numbers question, so let's pull all emotion out of it as if you are with the Department of Wildlife managing animal population. I think the economic cost of being overwhelmed is rather small, mostly a lot of additional dead bodies, and of those mostly non-productive in an economic sense.

I like your comparison of humans to animals, but I think you underestimate the socio-political effects of all those additional dead bodies. Antelopes don’t riot if grandma antelope is allowed to die.

 

[vector2]

Welcome to the dark side Blade.

"Welcome" ??? Buddy, lemme tell ya, @BLADEMDA was posting Ron Paul memes before most of us were old enough to buy beer. 😀

 

[deleted59964]

I like your comparison of humans to animals, but I think you underestimate the socio-political effects of all those additional dead bodies. Antelopes don’t riot if grandma antelope is allowed to die.

I expect soldiers on the streets

 

[vector2]

Boeing suspends dividend, buybacks, CEO/chairman pay (NYSE:BA)

Boeing (NYSE:BA) is suspending its dividend and pausing buybacks until further notice, and its CEO and chairman are giving up pay in response to the...

seekingalpha.com

Wowsers, this one may hit $70 before bottoming. I fully expect though that in ten years having bought Boeing in 2020 will be like Buffett having acquired those Bank of America warrants at a basis of 7 bucks a share.

 

[We'llBeDoneIn15Minutes]

I expect soldiers on the streets

It needs to be prior to the unrest. It would be a very difficult game of catchup doing it after the fact.

 

[deleted171991]

Very interesting you say that. I've been asking from the beginning (a whole week of panic now) if flattening the curve too early just drags it out even longer without significant gain.

There is no "Too Early". There is only Too Late, exactly where we are now, because of Too Dumb.

Let me explain:

Predicting Hospital Capacity: Why to Act Early, How to Think About Lag Time, and a Model You Can Use - The Blog of Author Tim Ferriss

NOTE FROM TIM: The following was written by a close friend who has decades of experience in healthcare systems and advanced training in computer science and healthcare data science. He preferred to publish anonymously to avoid political headaches, so I’ll call him “Felix.” We are publishing this...

tim.blog

 

[deleted87051]

U.S. Jobless Claims Could Exceed 2 Million, Goldman Says

 

[We'llBeDoneIn15Minutes]

There is no "Too Early". There is only Too Late, exactly where we are now, because of Too Dumb.

Let me explain:

Predicting Hospital Capacity: Why to Act Early, How to Think About Lag Time, and a Model You Can Use - The Blog of Author Tim Ferriss

NOTE FROM TIM: The following was written by a close friend who has decades of experience in healthcare systems and advanced training in computer science and healthcare data science. He preferred to publish anonymously to avoid political headaches, so I’ll call him “Felix.” We are publishing this...

tim.blog

Great article, but...
And I know it sounds cliche at this point, We ain't Asia.
I simply don't know if we have the strict discipline they have, and I know for sure we've never had the stomach for the strict enforcement they have.

We presently have a voluntary system. Please stay home and don't gather. Please help out everyone. Forget it. We can debate another day the entitled, the privileged, the civil liberties, etc, bottom line is this current approach of asking the public's help is useless. The hammer has to come from one central enforcement agentcy with heavy police/military intervention. Right now it's a different set of rules in every different town, county, and state, a mish mash of coordination and a ridiculous plea for individuals to step up on their own and do the right thing.

It's Trump Time. The country and how he'll be remembered lie in his hands. Great article, a lot of unknowns and assumptions though to point one to their conclusions.

 

[Mad Jack]

I’m not sure that anyone can know whether that is the correct measure of how effective we’ve been in tampering this thing down enough honestly. We don’t really have any idea where we are in the life cycle of this thing. We have no clue whether our “social distancing” has decreased rates of infection because we haven’t been able to test.

Our ICU docs expect to be over burdened mid next week, but I’m not sure they’re factoring in logarithmic growth honesty. Over the past two days we’ve been admitting 40-60 patients for COVID alone.

We’re a week into this thing and it takes 7-10+ days to become symptomatic. For at least our city, it looks like the flattening hasn’t been enough

We started way earlier where I'm at, thank god. Only two admissions so far

 

[Mad Jack]

Very interesting you say that. I've been asking from the beginning (a whole week of panic now) if flattening the curve too early just drags it out even longer without significant gain.

When you don't flatten the curve, you end up with excess people dying from lack of care. That excess for this virus would be an additional 2-3% on top of the 2-3% it's already taking out, and is why Wuhan had a death rate of around 5.7%, more than double the rest of the country

 

[Mman]

Most governments are in similar or worse debt and most fiat currencies are heading their way toward ruin.

that is not true

 

[Mman]

Boeing suspends dividend, buybacks, CEO/chairman pay (NYSE:BA)

Boeing (NYSE:BA) is suspending its dividend and pausing buybacks until further notice, and its CEO and chairman are giving up pay in response to the...

seekingalpha.com

Wowsers, this one may hit $70 before bottoming. I fully expect though that in ten years having bought Boeing in 2020 will be like Buffett having acquired those Bank of America warrants at a basis of 7 bucks a share.

maybe, maybe not. When Bank of America got that low, their fundamental business model was still profitable. Boeing's problem is the 737 Max fiasco that keeps getting worse with this crisis on top of it. Even if the government bails them out, there will likely still be a ton of strings attached. And even then they still don't have the 737 Max actually working and there is no telling if airlines will even want to buy from them instead of just taking more Airbus planes.

 

[Mad Jack]

So, would it be "wise" to plunge the country into a severe depression to save some lives? If so, how many lives would be saved by creating the worst depression in this nation's history? Would the USA actually be able to come out of this depression considering its overall debt to GDP and multi-trillion stimulus bills that will be passed? What will that U.S. Dollar actual buy from China if we are no longer the reserve currency?

You can't just shut down the world's biggest economy for a long period of time without suffering severe consequences. Consequences possibly worse that the Coronavirus itself.

They're hoping to save about 3 million lives. So like, more Americans than have died in every war if memory serves

 

[Mad Jack]

Given the rate of spread in Australia and Thailand, seems pretty safe to say this isn't going to ease up in the summer

 

[d9sccr]

I guess we are going to have to have a reckoning as a society then. Human life or the economy?

Healthcare is the number 2 industry in NYC behind financial services. In many cities it is the number 1 industry. What do you think the downstream effects of overwhelming that industry will be? it won’t just be the really old or really sick that are affected. What about the socio-political effects when we have to “triage?”

If you had wanted to rip this pandemic off like a band-aid then we would have had to start increasing healthcare capacity months ago. We didn’t and now here we are.

The two aren’t mutually exclusive. There are no easy answers here. Given what I am personally seeing in a midsized city and the reports out of NY, I’m concerned we’re going to get the worst of both scenarios, an overwhelmed healthcare system at the expense of the economy. People that can work won’t be bc there won’t be jobs available to do so. What happens then? Government starts printing money for a “pseudo” - UBI until we have a vaccine or immunity?

 

[deleted643396]

The two aren’t mutually exclusive. There are no easy answers here. Given what I am personally seeing in a midsized city and the reports out of NY, I’m concerned we’re going to get the worst of both scenarios, an overwhelmed healthcare system at the expense of the economy. People that can work won’t be bc there won’t be jobs available to do so. What happens then? Government starts printing money for a “pseudo” - UBI until we have a vaccine or immunity?

The answer was and still is broad and aggressive testing. That way you can target quarantines to clusters of outbreaks. We have been reacting to this with no information.

 

[vector2]

maybe, maybe not. When Bank of America got that low, their fundamental business model was still profitable. Boeing's problem is the 737 Max fiasco that keeps getting worse with this crisis on top of it. Even if the government bails them out, there will likely still be a ton of strings attached. And even then they still don't have the 737 Max actually working and there is no telling if airlines will even want to buy from them instead of just taking more Airbus planes.

Yep that is certainly the bear scenario, and hence why there no such thing as a free lunch with stocks. BA is already a relatively worker friendly company so I think the terms of the bailout won’t be too devastating and they’ll take their medicine. Their balance sheet isn’t horrendous. And the 737 max will fly again- airbus is going to enjoy a temporary bump but if the max is finally shown to be competent and is cost effective then the airlines will have no choice but to stick with BA. At the end of the day, BA’s underlying fundamental business model is profitable (considering they exist in a virtual duopoly), and one cycle of a (temporarily) bad airplane is not going to negate this. Looking even further down the road, America will not be building out space defense and consumer space flight without Boeing. I think they are a 100 yr hold, but we’ll see.

 

[Mad Jack]

The answer was and still is broad and aggressive testing. That way you can target quarantines to clusters of outbreaks. We have been reacting to this with no information.

With it being global it is completely unstoppable at this point. Even a handful of cases restarts stateside spread. Trying to stop it at this point is literally like trying to stop a strain of the common cold, it's impossible. All we can do is minimize loss of life by increasing restrictions in areas where hospitals get overwhelmed

 

[Mman]

Yep that is certainly the bear scenario, and hence why there no such thing as a free lunch with stocks. BA is already a relatively worker friendly company so I think the terms of the bailout won’t be too devastating and they’ll take their medicine. Their balance sheet isn’t horrendous. And the 737 max will fly again- airbus is going to enjoy a temporary bump but if the max is finally shown to be competent and is cost effective then the airlines will have no choice but to stick with BA. At the end of the day, BA’s underlying fundamental business model is profitable (considering they exist in a virtual duopoly), and one cycle of a (temporarily) bad airplane is not going to negate this. Looking even further down the road, America will not be building out space defense and consumer space flight without Boeing. I think they are a 100 yr hold, but we’ll see.

my worry from an investment point of view is that the strings attached turn it more into a GM situation where they are paying back the government for a decade plus out of their revenue. I agree the company isn't going away and will continue to have revenue, but for an investment it's a question of whether it is a better value than a lot of the other companies that are also looking like big discounts right now.

 

[vector2]

my worry from an investment point of view is that the strings attached turn it more into a GM situation where they are paying back the government for a decade plus out of their revenue. I agree the company isn't going away and will continue to have revenue, but for an investment it's a question of whether it is a better value than a lot of the other companies that are also looking like big discounts right now.

What companies or sectors are you liking at these prices

 

[deleted643396]

With it being global it is completely unstoppable at this point. Even a handful of cases restarts stateside spread. Trying to stop it at this point is literally like trying to stop a strain of the common cold, it's impossible. All we can do is minimize loss of life by increasing restrictions in areas where hospitals get overwhelmed

But you could salvage economic activity in a community that begins to develop herd immunity or allow a community to continue economic activity if it hasn’t shown any cases yet. You can set the severity of the quarantine based on the prevalence in a community. Again, all of this has nothing to do with stopping the spread of the disease, but rather allowing the healthcare system to keep pace with it.

That’s what worked in South Korea...they tested everyone and used technology to track them (privacy issues, I know). The problem here is testing is still a major problem. There are major restrictions on who is being tested and the turnaround time is days.

 

[BLADEMDA]

They're hoping to save about 3 million lives. So like, more Americans than have died in every war if memory serves

How any Americans died from the Spanish flu in 2018? Adjusted for the population size at the time more Americans died from the spanish flu than will die from the coronavirus in 2020. Locking-down the economy for a prolonged period of time will create its own mayhem which IMHO will exceed anything this nation has ever seen before economically.

 

[BLADEMDA]

But you could salvage economic activity in a community that begins to develop herd immunity or allow a community to continue economic activity if it hasn’t shown any cases yet. You can set the severity of the quarantine based on the prevalence in a community. Again, all of this has nothing to do with stopping the spread of the disease, but rather allowing the healthcare system to keep pace with it.

That’s what worked in South Korea...they tested everyone and used technology to track them (privacy issues, I know). The problem here is testing is still a major problem. There are major restrictions on who is being tested and the turnaround time is days.

That's my point. Don't impose the same set of rules on every community. Allow local leaders/politicians to be involved in when and how long these lock-downs last. This way we can preserve some economic activity as a nation.

 

[BLADEMDA]

Gary Cohn says the US is in a recession that will cost ‘trillions’ as unemployment ‘skyrockets’
PUBLISHED FRI, MAR 20 20205:17 PM EDTUPDATED FRI, MAR 20 20209:13 PM EDT

 

[deleted643396]

That's my point. Don't impose the same set of rules on every community. Allow local leaders/politicians to be involved in when and how long these lock-downs last. This way we can preserve some economic activity as a nation.

But you need data to do that and we don’t have it. Testing is still difficult to come by and broad availability is probably still weeks away.

 

[BLADEMDA]

Cramer worries that post-coronavirus US could have just three retailers: Amazon, Walmart, Costco

"Can you imagine what it means for this country to just have three retailers?" CNBC's Jim Cramer said.

www.cnbc.com

 

[deleted643396]

That's my point. Don't impose the same set of rules on every community. Allow local leaders/politicians to be involved in when and how long these lock-downs last. This way we can preserve some economic activity as a nation.

With the amount of commerce that goes through NYC and frankly the entire I-95 corridor from DC to Boston, how do you propose local politicians lock down without cooperation from surrounding communities?

 

[BLADEMDA]

FYI, WHO recommend a N95 mask for all surgical procedures in the O.R. I doubt your hospital is in compliance.

Health officials use the information to make sure WHO’s guidance is appropriate, and “so far ... we are confident that the guidance that we have is appropriate,” she added. Health officials recommend medical staff wear so-called N95 masks because they filter out about 95% of all liquid or airborne particles.

“In health-care facilities, we make sure health-care workers use standard droplet precautions with the exception ... that they’re doing an aerosol-generating procedure,” she said.

 

[BLADEMDA]

The Chinese are lying because they need to lie to save their economy. Right now in China they are re-opening factories and shops. Starbucks is reporting 90% of their stores are open for busineess.

China knows the economic devastation of remaining lock-downed will cause more deaths than the Coronavirus itself. Hence, they fudge the numbers and resume making all the stuff we need while WE remain in perpetual lock-down mode for months. This is a huge mistake in terms of economic damage and I am hopeful the President recognizes this fact over the next 2 weeks. I think individual mayors should decide whether to lock down their cities along with their respective governors.

 

[BLADEMDA]

What companies or sectors are you liking at these prices

Bank stocks are trading at roughly 8.3 times forward earnings estimates versus their 17.5 times long-term price-to-earnings multiples, according to Chantico Global.

“It is with out a doubt cheap. Now, it’s got things going against it and things going for it,” Sanchez said. “The positives are that the Fed and now the ECB have stepped in in size, and they’ve basically said, ‘We are determined to put [in] a bottom and ensure that the yield curve is steep.’ Now, that is enormous, particularly for banks, and so, I think to some degree, it creates a put for the banks.”

 

[BLADEMDA]

 

[deleted697535]

Is this when China becomes the new world superpower? It probably already has been for years

The irony if chairman Mao sends in armies of healthcare workers to save the US.

 

[BLADEMDA]

As long as we remain in lock down mode the stock market will keep going down. The market needs to be re-assured economic activity will resume prior to stabilizing. I have no idea how long this lock down will last. Do any of you? Hence, the market will drop another 10-15% or more until we get through this uncertainty as to when we re-open for business.

The next support level is 2150 but Goldman thinks 2000 will hold. Traders say a bottom of 2050 represents a 50% retracement of the entire bull market. There is a lot of support around 1850. This could be the worst bear market crash since 1929/1930.

I admit that FFP and others on here were correct about this Covid 19's impact on the USA. I underestimated the panic/fear and the didn't see the total lock-down coming. I am no longer buying the overall market but now pickling up the best blue chip stocks as they go lower. This includes JPM, At and T, Verizon, Bank of America, Visa, MSFT, FB, Google to name a few. I want companies that I know will survive this crash then rebound significantly in 2021.
I am not looking for companies which need 3-5 years to recover like Boeing. I am avoiding all travel, leisure, airline, hotel stocks. Why buy risky assets when Home Depot is on sale?

If the entire market is getting crushed then Proctor and Gamble is a safer buy than Delta. I do think that longer term like 5 years those of you willing to to take a bet on Boeing will be rewarded but I have seen this game before and it takes a long time for a stock like Boeing to recover.

Don't forget healthcare. That sector will bounce back in 2021 even with a Biden administration in place. I like the entire sector at these prices.

 

[Mad Jack]

How any Americans died from the Spanish flu in 2018? Adjusted for the population size at the time more Americans died from the spanish flu than will die from the coronavirus in 2020. Locking-down the economy for a prolonged period of time will create its own mayhem which IMHO will exceed anything this nation has ever seen before economically.

If the system gets overwhelmed, we will lose around 5.7 million lives or more. That is far more, even proportionally, than the Spanish Flu, and we didn't have modern medicine during the time of that pandemic.

I'd rather have a big hit to the economy than millions of extra lives lost. It is highly unlikely Americans will be starving to death, even in worst case scenarios I've reviewed. Our quality of life will take a hit, but I'd rather have a less shiny car than a few dead friends and family

 

[Mad Jack]

As long as we remain in lock down mode the stock market will keep going down. The market needs to be re-assured economic activity will resume prior to stabilizing. I have no idea how long this lock down will last. Do any of you? Hence, the market will drop another 10-15% or more until we get through this uncertainty as to when we re-open for business.

The next support level is 2150 but Goldman thinks 2000 will hold. Traders say a bottom of 2050 represents a 50% retracement of the entire bull market. There is a lot of support around 1850. This could be the worst bear market crash since 1929/1930.

I admit that FFP and others on here were correct about this Covid 19's impact on the USA. I underestimated the panic/fear and the didn't see the total lock-down coming. I am no longer buying the overall market but now pickling up the best blue chip stocks as they go lower. This includes JPM, At and T, Verizon, Bank of America, Visa, MSFT, FB, Google to name a few. I want companies that I know will survive this crash then rebound significantly in 2021.
I am not looking for companies which need 3-5 years to recover like Boeing. I am avoiding all travel, leisure, airline, hotel stocks. Why buy risky assets when Home Depot is on sale?

If the entire market is getting crushed then Proctor and Gamble is a safer buy than Delta. I do think that longer term like 5 years those of you willing to to take a bet on Boeing will be rewarded but I have seen this game before and it takes a long time for a stock like Boeing to recover.

Don't forget healthcare. That sector will bounce back in 2021 even with a Biden administration in place. I like the entire sector at these prices.

Mark my words, 1500 and 13500 are where the markets bottom out. They'll rebound to around 1850/16000 thereafter before slowly recovering.

 

[deleted126335]

The Chinese are lying because they need to lie to save their economy. Right now in China they are re-opening factories and shops. Starbucks is reporting 90% of their stores are open for busineess.

China knows the economic devastation of remaining lock-downed will cause more deaths than the Coronavirus itself. Hence, they fudge the numbers and resume making all the stuff we need while WE remain in perpetual lock-down mode for months. This is a huge mistake in terms of economic damage and I am hopeful the President recognizes this fact over the next 2 weeks. I think individual mayors should decide whether to lock down their cities along with their respective governors.

More like cause breakdown of social order and threaten the decision makers hold on things.

 

[deleted171991]

Great article, but...
And I know it sounds cliche at this point, We ain't Asia.
I simply don't know if we have the strict discipline they have, and I know for sure we've never had the stomach for the strict enforcement they have.

We presently have a voluntary system. Please stay home and don't gather. Please help out everyone. Forget it. We can debate another day the entitled, the privileged, the civil liberties, etc, bottom line is this current approach of asking the public's help is useless. The hammer has to come from one central enforcement agentcy with heavy police/military intervention. Right now it's a different set of rules in every different town, county, and state, a mish mash of coordination and a ridiculous plea for individuals to step up on their own and do the right thing.

It's Trump Time. The country and how he'll be remembered lie in his hands. Great article, a lot of unknowns and assumptions though to point one to their conclusions.

I've just discovered the correct German pronunciation for Trump. It's actually Dumb.

 

[deleted171991]

FYI, WHO recommend a N95 mask for all surgical procedures in the O.R. I doubt your hospital is in compliance.

Health officials use the information to make sure WHO’s guidance is appropriate, and “so far ... we are confident that the guidance that we have is appropriate,” she added. Health officials recommend medical staff wear so-called N95 masks because they filter out about 95% of all liquid or airborne particles.

“In health-care facilities, we make sure health-care workers use standard droplet precautions with the exception ... that they’re doing an aerosol-generating procedure,” she said.

Even N95 doesn't filter out all the viral particles, just 95% of it, so it decreases the probability of infection. N95 holes are 0.3 nm in size, the virus is 0.1 nm. Now imagine the "value" of a regular surgical mask. Just FYI, people.

Btw, all those homemade surgical masks are worthless even for droplet precautions. They should be called placebo masks. I hope that good feeling will boost your immunity.

 

[deleted171991]

As long as we remain in lock down mode the stock market will keep going down. The market needs to be re-assured economic activity will resume prior to stabilizing. I have no idea how long this lock down will last. Do any of you? Hence, the market will drop another 10-15% or more until we get through this uncertainty as to when we re-open for business.

The next support level is 2150 but Goldman thinks 2000 will hold. Traders say a bottom of 2050 represents a 50% retracement of the entire bull market. There is a lot of support around 1850. This could be the worst bear market crash since 1929/1930.

I admit that FFP and others on here were correct about this Covid 19's impact on the USA. I underestimated the panic/fear and the didn't see the total lock-down coming. I am no longer buying the overall market but now pickling up the best blue chip stocks as they go lower. This includes JPM, At and T, Verizon, Bank of America, Visa, MSFT, FB, Google to name a few. I want companies that I know will survive this crash then rebound significantly in 2021.
I am not looking for companies which need 3-5 years to recover like Boeing. I am avoiding all travel, leisure, airline, hotel stocks. Why buy risky assets when Home Depot is on sale?

If the entire market is getting crushed then Proctor and Gamble is a safer buy than Delta. I do think that longer term like 5 years those of you willing to to take a bet on Boeing will be rewarded but I have seen this game before and it takes a long time for a stock like Boeing to recover.

Don't forget healthcare. That sector will bounce back in 2021 even with a Biden administration in place. I like the entire sector at these prices.

+1. Buy blue chips. Buy the staples. Buy VISA, Amex. Google "dividend aristocrats". Buy the brands you use every day. Truly David Lynch-style investing. When this market gets to the bottom (another 30-40%), everything will be cheap. Leave the Delta- and Boeing-type speculation to the pros.

Or just buy BRK and let Warren Buffett's genius beat the market for you, while he's still healthy.

 

[anbuitachi]

The Chinese are lying because they need to lie to save their economy. Right now in China they are re-opening factories and shops. Starbucks is reporting 90% of their stores are open for busineess.

China knows the economic devastation of remaining lock-downed will cause more deaths than the Coronavirus itself. Hence, they fudge the numbers and resume making all the stuff we need while WE remain in perpetual lock-down mode for months. This is a huge mistake in terms of economic damage and I am hopeful the President recognizes this fact over the next 2 weeks. I think individual mayors should decide whether to lock down their cities along with their respective governors.

thats a lot of random assumptions. if thats the case why aren't their hospitals packed with corona patients...
or perhaps with their strict lockdowns they have controlled it?

 

[dhb]

If the system gets overwhelmed, we will lose around 5.7 million lives or more. That is far more, even proportionally, than the Spanish Flu, and we didn't have modern medicine during the time of that pandemic.

I'd rather have a big hit to the economy than millions of extra lives lost. It is highly unlikely Americans will be starving to death, even in worst case scenarios I've reviewed. Our quality of life will take a hit, but I'd rather have a less shiny car than a few dead friends and family

Where do you get those numbers from? The virus has been around for 4 months and has only caused 10k deaths..
This sounds like the Ebola thread where random numbers were thrown around discointing any evidence...

Ps: how easy it is to dump on the chinese? They probably missed the initial flare that could of made a big difference but all reports point to them controlling the outbreak

 

[deleted171991]

thats a lot of random assumptions. if thats the case why aren't their hospitals packed with corona patients...
or perhaps with their strict lockdowns they have controlled it?

They are lying. It's Fake News. Even Batman has Covid-19. It's a Chinese conspiracy against Dumb and the American people.

They have even reopened their Starbucks and Apple stores, to export more profit to America. How subversive is that? The American companies have to buy dollars to repatriate their profits, and this way they are making the dollar stronger, while our federal government is working so hard to make it worthless.

Disclaimer: I'm with Concast.

 

[BLADEMDA]

Iceland is Doing Science — ~50% of People with COVID-19 Not Showing Symptoms, ~50% Have Very Moderate Cold Symptoms [UPDATED]

Science: do it. Iceland has decided to jump right into proper scientific methodology in response to the COVID-19 pandemic, rather than "panic now and evaluate later." The country, which has followed similar social distancing strategies as other European nations, has been conducting a random...

cleantechnica.com

Importantly, approximately half of the people who tested positive for COVID-19 are non-symptomatic, according to Gudnason as reported by BuzzFeed. The other half is mostly showing “very moderate cold-like symptoms.”

 

[deleted171991]

Iceland is Doing Science — ~50% of People with COVID-19 Not Showing Symptoms, ~50% Have Very Moderate Cold Symptoms [UPDATED]

Science: do it. Iceland has decided to jump right into proper scientific methodology in response to the COVID-19 pandemic, rather than "panic now and evaluate later." The country, which has followed similar social distancing strategies as other European nations, has been conducting a random...

cleantechnica.com

There is no new science in this. It's all very well known, at least for a month now.

It may be new for republicans... Please stop watching Faux News. 🙂

The results of the additional tests performed by deCode have given an indication that efforts to limit the spread of the virus have been effective so far. In Iceland, these measures have focused on testing, contact tracing of infections, social distancing, public efforts to increase basic awareness of hand sanitation, voluntary self-quarantine measures (currently about 4 200 individuals), and strict measures at healthcare institutions, nursing homes and the likes.