First, I think that if the cash S&P takes out Tuesday's high tomorrow, we're in for a decent multi-day rally ... looks like a bottom is getting hammered out.
Now, for all you dumb fvcks spouting off about the Corona Virus listen up:
COVID-19 is deadly in 3.5 percent of confirmed cases (and new data is suggesting even this already high rate is too low, and may be closer to 6%).
While this is not the same as its mortality rate, given that many people may be infected but not realize it, it is significantly higher than seasonal flu, which typically kills 0.1 percent of patients.
This is why comparisons to flu and its 12,000 reported deaths this year fail: COVID-19 is 3500% more deadly than flu. This is why we must not allow it to spread as we can allow the flu to spread.
The CDC estimates that the flu causes between 9 million and 45 million illnesses each year.
Let's suppose we limit COVID-19 to 9 million cases with a 3.5% mortality. That would be 315,000 deaths vs an expected 9000 for the flu.
Get it? Probably not, so read that again until you do. This is important because we must stop the spread. We simply cannot allow 9,000,000 to 45,000,000 cases of COVID-19. The human cost to this country, to our families, would be incalculable.
This is not a hoax and this is not all media hype. The great toilet paper run is media hype. But the virus is a stone cold fact of life.
As for the INO vaccine: Has't been tested and there is a process that must be gone through so that we don't inadvertently kill a bunch of human lab rats off.
This is not social media hype and it is not a hoax. This is a disease which will kill a shocking number of Americans if the spread isn't halted.
China, of course, is lying about the number of deaths. However, if they did manage to limit it to even twice the number we are told, they have done so by locking down the country completely: No work, no manufacturing, no flights, food delivered to the homes, no shopping - no activity and everyone under de facto quarantine.
We are not doing anything close. We are Italy two weeks ago. Italy, little tiny Italy, will surpass China's reported death toll in a few more days. They went from 0 deaths to 2000 deaths in less than three weeks. Compare that to the US H1N1 death toll of 12,000 over an entire year.
So why did Trump finally wake up? His team had what amounts to an intervention when he got back from his latest golf excursion to Mar Lago where they finally got him to understand that this virus is a stone cold killer as compared to the flu, H1N1, SARS, etc. If we do not stop the spread, the death toll will be hundreds of thousands. It is simple math.
Anyhow, S&P is fixing to rally, imo. But the trade doesn't trigger unless cash takes out and holds above Tuesday's high on Wednesday. The market is selling off because the economy is fvcked and the virus is real and many people alive today will be dead soon.
Now, for all you dumb fvcks spouting off about the Corona Virus listen up:
COVID-19 is deadly in 3.5 percent of confirmed cases (and new data is suggesting even this already high rate is too low, and may be closer to 6%).
While this is not the same as its mortality rate, given that many people may be infected but not realize it, it is significantly higher than seasonal flu, which typically kills 0.1 percent of patients.
This is why comparisons to flu and its 12,000 reported deaths this year fail: COVID-19 is 3500% more deadly than flu. This is why we must not allow it to spread as we can allow the flu to spread.
The CDC estimates that the flu causes between 9 million and 45 million illnesses each year.
Let's suppose we limit COVID-19 to 9 million cases with a 3.5% mortality. That would be 315,000 deaths vs an expected 9000 for the flu.
Get it? Probably not, so read that again until you do. This is important because we must stop the spread. We simply cannot allow 9,000,000 to 45,000,000 cases of COVID-19. The human cost to this country, to our families, would be incalculable.
This is not a hoax and this is not all media hype. The great toilet paper run is media hype. But the virus is a stone cold fact of life.
As for the INO vaccine: Has't been tested and there is a process that must be gone through so that we don't inadvertently kill a bunch of human lab rats off.
This is not social media hype and it is not a hoax. This is a disease which will kill a shocking number of Americans if the spread isn't halted.
China, of course, is lying about the number of deaths. However, if they did manage to limit it to even twice the number we are told, they have done so by locking down the country completely: No work, no manufacturing, no flights, food delivered to the homes, no shopping - no activity and everyone under de facto quarantine.
We are not doing anything close. We are Italy two weeks ago. Italy, little tiny Italy, will surpass China's reported death toll in a few more days. They went from 0 deaths to 2000 deaths in less than three weeks. Compare that to the US H1N1 death toll of 12,000 over an entire year.
So why did Trump finally wake up? His team had what amounts to an intervention when he got back from his latest golf excursion to Mar Lago where they finally got him to understand that this virus is a stone cold killer as compared to the flu, H1N1, SARS, etc. If we do not stop the spread, the death toll will be hundreds of thousands. It is simple math.
Anyhow, S&P is fixing to rally, imo. But the trade doesn't trigger unless cash takes out and holds above Tuesday's high on Wednesday. The market is selling off because the economy is fvcked and the virus is real and many people alive today will be dead soon.
