VIX up 25% today... Should I order a Corona Light tonight?
- Thread starter kmiklas
- Start date
I think that is a valid idea, sure.
This will likely take months to play out and will have significant economic impact.
If from coronavirus scare, then probably a bit of an over-reaction.
Currently around 3,000 infected worldwide with less than 100 deaths.
Here's 2019-20 flu information from U.S. only.
>>13 million illnesses
>>120,000 hospitalizations
>>6,600 flu-related deaths
Global death rates:
>>flu.....0.1-2.5%
>>coronavirus......3%
>>SARS virus......10%
Media is pretty good at creating fear.
This virus could get worse but so far not quite what the media is making it IMO.
Global death rate is percentage of illnesses that caused death.
Corona virus......3,000 illnesses(globally).....100 deaths....100=3.3% of 3,000
The scare is not the number of deaths, market does not give a shit about humans...
the scare is the effect on profits..less travel to Asia could affect airline stocks, casinos with interests in HK/Macao, trade of goods between china and other partners, etc... this is where the effect of the virus is being shown in the stock market.....dying people does not change profits.
the scare is the effect on profits..less travel to Asia could affect airline stocks, casinos with interests in HK/Macao, trade of goods between china and other partners, etc... this is where the effect of the virus is being shown in the stock market.....dying people does not change profits.
Given that a good chunk of the initial infection generations haven't even recovered yet it's probably a bit premature to confidently predict the impact or even the percentage of those infected who die. And the percentage infected who die is just one of many factors that impact severity as a disease, let alone economic impact.If from coronavirus scare, then probably a bit of an over-reaction.
Currently around 3,000 infected worldwide with less than 100 deaths.
Here's 2019-20 flu information from U.S. only.
>>13 million illnesses
>>120,000 hospitalizations
>>6,600 flu-related deaths
Global death rates:
>>flu.....0.1-2.5%
>>coronavirus......3%
>>SARS virus......10%
Media is pretty good at creating fear.
This virus could get worse but so far not quite what the media is making it IMO.
