ES Journal - 2019/2020

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volente_00 said:
Nonsense


Short term change yes

long term no


Either we get a vaccine or we eventually get herd immunity


Based on testing 99% of people aren’t affected and of those that do test only ~6% test positive


Media and powers that be have blown this all out of proportion coupled with social media


Hell 60,0000 plus died from flu a year or 2 ago and we what was the response to that ?
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IMHO the problem here is that if you see a huge casualty count coming up and take you take radical measures, then the casualty count is going to (thank goodness) end up being much lower and many people think this was all overblown. So everybody thinks they fucked up the economy just to save a few old people...

The alternative of course is letting it "wash over", but then the casualty count is not 60,000; maybe it's 600,000 and then those responsible should go to prison...

So damned if you do and damned if you don't

Another matter is that your perspective changes radically from when it's just a matter of numbers to when it affects you personally. You can make all the calculations you want, but when you see your mum, your boss, your friend, your spouse being taken to the hospital and not returning then numbers take a different dimension.

Also let's not forget that they're having to resort to drastic measure lately because they didn't take reasonable measures early on, there's plenty of countries where apart from large events and bars, everything is more or less open.
 
Anyone notice the dramatic PA when the Market-On-Close (MOC )report is issued at 15:50 pm ? Today we spiked to the HOD at 2848 and then immediately sold off 13 points on the ES.
 
NQurious said:
China announce a record 1.6 million ton purchase of oil and price kept dropping. They are going to store it at sea. The only buyers are those with spare storage capacity.

Oil is going to $12
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If you can find a storage, you could make a tidy fortune by arbitraging. But no can do. There's nowhere to store. Cushing reports they are maxed out.
 
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