pretty much sums it up
The bottom was on March 21st...here are why.
- Thread starter greeneveryday
- Start date
pretty much sums it up
This event seems more similar to 1929-1930 crash than it does 1987 or 2008. Not only was the market overvalued in both but each had major economic consequences that followed the drop. I dont think this will lead to what was essentially a 3 year bear market like 100 years ago because of our more socialist tendencies now but I just dont see this being over and finished 6 weeks later...The negative implications of this virus are just now taking effect and i dont see it possible to keep having green days every time the unemployment # doubles.
Its possible maybe even probable that market increases on bad news are a testament to just how strong this bull was but I think we havn't seen bottom yet...right now I am just starting to see people on facebook selling things because their cash is running out. they will default on all of their loans (which are aplenty) and this effect will trickle up to the big boys eventually. Is the fed willing to support EVERYONE? I don't think so...
Its possible maybe even probable that market increases on bad news are a testament to just how strong this bull was but I think we havn't seen bottom yet...right now I am just starting to see people on facebook selling things because their cash is running out. they will default on all of their loans (which are aplenty) and this effect will trickle up to the big boys eventually. Is the fed willing to support EVERYONE? I don't think so...
Current market increases are due to denial of the reality of our situation. The Italian deaths are mostly in the Lombardi region of Italy which is about 10 million people (the rest of Italy locked down so is not in the same situation). Lombardi is approximately the size of eastern Virginia or King/Pierce/Snohomish counties here in Washington State. Italy's deaths in that region over one month are equal to ALL of American death's due to the regular flu over the same time period (it should be noted that Lombardi, home of Milan and Bergamo, has a medical system as good as anywhere in America or Europe). New York City is double the population of Lombardi, but will probably hit a similar death rate per capita. They are models for what happens if we do not practice social distancing adequately. Any of our local regions could be Lombardi or NYC at any time until there is a workable treatment or vaccine for serious/critical Covid-19 disease. The situation is potentially even worse in rural areas of America where there is almost no capacity for ICU or ventilation needs. So, don't measure economic slowdown by the short-term arc of cases and deaths during the current American shut down; measure the economic slowdown by our wait for effective treatment or vaccine.
The thing about dozu's stance is that he can say it and call it for months and years on end and he will always be eventually right...
Basically he has the predictive powers of a highly autistic child constantly repeating the same thing over and over again for years
Basically he has the predictive powers of a highly autistic child constantly repeating the same thing over and over again for years
But he still won't answer the F question about the date on earth. Send me the answer in PM if you know, angry cat avatar person.
P.S. Don't do it if it will mess up your Passover, because remember, God is watching for those nasty Egyptians! Hehehe!
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RUBBISH!
actually, anybody interested in a live voice chat, maybe not a single one but a regular time something.... makes it far easier to get stuff across.
I do consulting and my rule is if an email is more than 6 lines long then a call is needed.
seems we are just wasting time spinning wheels.