ES Journal - 2019/2020
- Thread starter Buy1Sell2
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I won't complain about 25 point ranges in the first 30 minutes.
Fortunately accompanied by clean signals....missing good moves due to lack of entries sucks.
If Chinese data is to be believed, the main threat with this virus is the degree of contagion rather than mortality rate. If as some experts predict it becomes pandemic, there will be other data points to compare.
Agree. The recovery rate remains muted for now, which is where the scaremongers and pandemic pundits are looking imo. But like the common flu, recovery can take a couple of weeks or more. Wait and see game.
Meanwhile, it's another day of winning, and for some another day of whining.
Trade On!
I place some importance on the Global Dow as a bellwether, this as it has more components than DJIA, and largest global Co's, not looking too strong atm.
According to NYT, the mortality rate isn't as bad as initially thought. It's actually lower than that of SARS (for the moment).
https://www.nytimes.com/2020/02/03/world/asia/coronavirus-china.html
The death toll from the new coronavirus has exceeded that of the severe acute respiratory syndrome outbreak in 2002 and 2003 in mainland China. But the number of people who have recovered nationwide has also risen in recent days, suggesting that the new virus’s fatality rate is relatively low.
China’s Health Commission reported on Sunday that there were 475 recoveries and 361 deaths nationwide. During the SARS outbreak, 349 people died in mainland China.
Health experts say they are encouraged by the steady rise in the number of recoveries. They take it as evidence that the treatments meted out have been effective and that the virus does not appear to be as deadly as SARS.
SARS had a mortality rate of 9.6 percent, and about 2 percent of those reported to have been infected with the new coronavirus have died.
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