Italy's infection/death rate are slowing.
Hello... I am back again with this crystal ball....
- Thread starter greeneveryday
- Start date
Italy's infection/death rate are slowing.
OP stated they have a crystal ball. Haha
news flow is definitely positive, go with the flow.
in poopy we trust
I'm tearing my hair out... futures are green... and the whole effing country is on pause!!!
It's because Trumpy jawboned, "things might be getting better some day"... and the markets went "YEA!"
Even if this is true - it's because they took extreme measures to accomplish that, i.e., shutting down the country and the economy.
Here in Norway - the situation appears to be in control. Precisely because of the measures that's been taken. At the same time, the economy is suffering.
I think it will take a long time for the world economy to recover fully from this. The implications for the stock market are hard to tell though. We're down a lot already. I'm thinking range bound from here.
The hospitalization projections were adjusted FOR social distancing and quarantines. They were STILL off by 5x. They just readjusted them last night.
Also the virus has an incubation period of 2 weeks. We should've seen a surge due to all the infections pre-shutdown. If there wasn't a surge, why would there be post quarantine? It means we were further along the curve. Now the media is in damage control and will claim it was because all the actions taken. I saw the hospitalization numbers that Cuomo gave on Friday, weren't even close to projections. Knew right then this is overblown.
Let's hope you're right. To be honest, I have not bothered to follow the situation too closely in the last days or so.
Regardless, the shutdown and quarantine measures needs to be lifted for us to see a full recovery, yes?
Because I am that good
Call me God... Because I said 1500 points.... Exactly where it closed.