29 minutes ago: Coronavirus finally levels off in locations outside China
- Thread starter wilburbear
- Start date
your reading ability is so bad it's hopeless.
SP was projected to have something like 9% earning growth this year. even if we get a worst case 5% drag on the gdp and let's call a flat SP earning, we are still looking at treasury yielding 0.5% vs SP yielding 5%.
you tell me where the money will go.
Your proboys better have their pens ready to write this bear a check tomorrow.
idiot.
L
lovethetrade
Coronovirus death rate 3% (minimum)
Seasonal flu death rate 0.1%
That's 30 times more lethal.
Society has no immunity to the virus and no vaccine so its fair to assume it will be more infectious than seasonal flu.
Youre making a judgement (i.e. comparing numbers incorrectly) about a pandemic that's in its early stages of development.
3% my ass.
when Wuhan shut down 2m of its 5m residents fled the city and went all over China... what do you think the infection rate is... and the entire country of China x/Wuhan has like 500 dead.
just another f'cking flu.
you know why every school/company/municipality freaking out? it's a f'cking CYA move... them people in the offices, won't get fired if they do the shut downs... but if they don't take precautions and 1 student/employee/citizen dead, they may lose job.
everything is priced in!
epicenter China, less than 4000 dead... no matter how you argue around it, lack of vaccine, unknown spread rate, unknown death rate blah blah.
the f'cking thing is already history in China..
what part of 'priced in' do people don't understand?
this is supposedly a site for f'cking elite traders right.
for the grace of god what part of 'all priced in' do people don't f'cking understand.
now - suppress the world economy may actually happen because people are morons.
but - like I said money has an higher IQ maybe around 115 or so... I'd say that's enough intelligence to see the truth.
How many times do I need to repeat myself?
IT'S NOT THE KNOWN BUT THE UNKNOWN THAT SCARES THE SHIT OUT OF PEOPLE, YA MORON!!!
BTW you been dead wrong about this market going to the Mars. Thank God, nobody mortgaged their home following your advice.
This is my take as well. It's estimated that up to 650K people die every year from the flu. The U.S. has already had 16K deaths this season from the flu. There have been 2 known cases of COVID-19 in my state. There are 2 people out sick with the flu in my office.
We don't know where this path could could ultimately lead, but it appears that the level of fear we've seen thus far has been overblown. Hopefully the warmer months will slow the spread of the virus, and we'll be able to avoid a global recession. For now we'll just have to prepare for the worst & hope for the best.