Coronavirus (Santa Clara: vs, statistics, homeless)

[Mike930]

Originally Posted by TR95

Losing 1/3 would have been lucky, since market was down about 50% in 2008-2009. 50% as well after 9/11, so I wouldn't be surprised this gets worse before it gets better. Everything is getting canceled, and I still can't wrap my arms around the fact the swine flu killed 12,000 and affected 60M in the US, and we are having this hysteria.

This is a great buying opportunity. There are some stocks and mutual funds that will be good to get into, but I think you’re right, it’s going down more first. I wouldn’t get in now, it’s just too volatile.

The mass hysteria is worse than the disease. The panic buying, the people screaming about staying home unless you wear a mask outside. We’ve become a nation of wimps. There are posts on other threads about people who can’t sleep because they’re so scared.

Biden just might have a shot, but I think in a month or so, this is going to calm down.

[Mike930]

Originally Posted by oh come on!

Disneyland is closed.
the funny thing is.... even after shutting down everything till the end of the month, once everything opens up again, people will resume being infected

covid19 is not that bad, symptom-wise. I have it right now. It's like a mild-moderate flu.


We should just spread it around and self-quarantine as necessary, not completely shut down the economy because of it.

Good post and I hope you feel better!

[TR95]

Originally Posted by Mike930

This is a great buying opportunity. There are some stocks and mutual funds that will be good to get into, but I think you’re right, it’s going down more first. I wouldn’t get in now, it’s just too volatile.

The mass hysteria is worse than the disease. The panic buying, the people screaming about staying home unless you wear a mask outside. We’ve become a nation of wimps. There are posts on other threads about people who can’t sleep because they’re so scared.

Biden just might have a shot, but I think in a month or so, this is going to calm down.

I hope you’re right and it’s calmed down in a month or I’d even take two months at this point. If we get to a 35-40% decline I might start getting back in the market. Been about 50% cash since early 2018. Was thinking I sold too early but it’s turning out to not have been such a bad move after all. Of course I’m sure we all wished we sold 3 weeks ago.

[Mike930]

Originally Posted by TR95

I hope you’re right and it’s calmed down in a month or I’d even take two months at this point. If we get to a 35-40% decline I might start getting back in the market. Been about 50% cash since early 2018. Was thinking I sold too early but it’s turning out to not have been such a bad move after all. Of course I’m sure we all wished we sold 3 weeks ago.

I think the market is reacting to the oil war, the virus plus the thing was due for a correction. I think it’ll settle down but we may not see another bull market for a while. I see many stocks at a one year low, so the opportunity is there.

We were traveling in Asia when SARS was going on. When we got off the plane in Hong Kong, someone was waiting for the plane and had something that looked like a radar gun taking the temperature of all the people coming off the plane. If they had a fever, they were taken out and put into quarantine. I wouldn’t be surprised to see that here. That or people keeling over from fear.

[TR95]

Originally Posted by Mike930

I think the market is reacting to the oil war, the virus plus the thing was due for a correction. I think it’ll settle down but we may not see another bull market for a while. I see many stocks at a one year low, so the opportunity is there.

We were traveling in Asia when SARS was going on. When we got off the plane in Hong Kong, someone was waiting for the plane and had something that looked like a radar gun taking the temperature of all the people coming off the plane. If they had a fever, they were taken out and put into quarantine. I wouldn’t be surprised to see that here. That or people keeling over from fear.

Yeah, I remember great deals when SARS was going on. Here’s an interesting take from Dr Drew and this is really what I believe. Maybe CNN has to get Gupta off retainer and have some objective news reporting.


https://www.realclearpolitics.com/vi...ng_people.html

[tijlover]

Originally Posted by Exitus Acta Probat

What am I supposed to do with all this toilet paper? I rented a couple of U-Haul trucks and purchased all the toilet paper they had to sell at my local Costco. So am I supposed to build a toilet paper wall around my home so the germs bounce off or something? And, if I squeeze the Charmin (don't tell Mr. Wipple), does that decrease its effectiveness in stopping the Coronavirus?

I went to the store the other night and no toilet paper. Why? Why? Why? I didn't think diarrhea was part of this virus!

[Mike930]

Originally Posted by tijlover

I went to the store the other night and no toilet paper. Why? Why? Why? I didn't think diarrhea was part of this virus!

Costco has it available online. Unbelievable isn’t it?

[Mike930]

Originally Posted by TR95

Yeah, I remember great deals when SARS was going on. Here’s an interesting take from Dr Drew and this is really what I believe. Maybe CNN has to get Gupta off retainer and have some objective news reporting.


https://www.realclearpolitics.com/vi...ng_people.html

Excellent article. Everyone should read it. I couldn’t rep you again.

[oh come on!]

Originally Posted by Mike930

Excellent article. Everyone should read it. I couldn’t rep you again.

yeah, this sounds so silly.

It's like shutting down the economy for the common flu.


I hope everyone has enough savings to dip into during this down period.
Americans don't save jack, so i hope no one goes broke.

[Mike930]

Originally Posted by oh come on!

yeah, this sounds so silly.

It's like shutting down the economy for the common flu.


I hope everyone has enough savings to dip into during this down period.
Americans don't save jack, so i hope no one goes broke.

Exactly. Plus many small businesses will struggle if people stay home out of fear. Friends told me that some local asian shops and restaurants are losing business.