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03-12-2020, 02:10 PM
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#661
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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Quote:
Originally Posted by thaskalos
"Fairly non-lethal", you say. Is that like "almost pregnant"?  |
People are acting like it's Ebola (with something like a 90% mortality rate).
So yeah, as far as viruses go, it's proven itself thus far to be fairly non-lethal.
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03-12-2020, 02:18 PM
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#662
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Quote:
Originally Posted by ElKabong
I heard a financial guy saying this is an epic buying opportunity. This summer the rebound should begin. I'm onboard
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Of course they want you to "buy now", as they want sucker money coming back in....Market has a long way to go in the next month before we see any semblance of a bottom... 
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03-12-2020, 02:18 PM
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#663
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Registered User
Join Date: Jan 2006
Posts: 28,569
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Quote:
Originally Posted by PaceAdvantage
People are acting like it's Ebola (with something like a 90% mortality rate).
So yeah, as far as viruses go, it's proven itself thus far to be fairly non-lethal.
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When a virus has an unknown nature and no cure...people will overreact to it. That's a given. The public is jaded...and they mistrust the governing authorities when danger looms. Some "young-and-healthy" NBA players refused to play last night...and, who am I to tell them that they erred in judgment? To each his own...
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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03-12-2020, 02:23 PM
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#664
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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Quote:
Originally Posted by ReplayRandall
Of course they want you to "buy now", as they want sucker money coming back in....Market has a long way to go in the next month before we see any semblance of a bottom... |
I think you're overreacting too...truth be told, the market is back at the level it was one year ago. We have lost one year of gains thus far.
The trading volume has been nowhere near what it was like in 2008.
So far, this is pretty much a non-substantial move in the markets...it's a BIG move, yes, but it doesn't seem to have a lot of backing yet.
Thus, it COULD pop back up just as violently as it went down.
I want to see lot more volume in this move before I start thinking like you are thinking.
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03-12-2020, 02:29 PM
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#665
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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FED stimulus already eaten up as DOW down -2000 again...It's not enough, and too many have surrendered in multiple industries that are all interconnected, thus it sinks by it's own weight, with nothing to stop it for a while.
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03-12-2020, 02:45 PM
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#666
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Registered User
Join Date: Feb 2014
Posts: 4,520
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Quote:
Originally Posted by PaceAdvantage
People are acting like it's Ebola (with something like a 90% mortality rate).
So yeah, as far as viruses go, it's proven itself thus far to be fairly non-lethal.
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Fairly non-lethal to the healthy.
Very lethal to the impaired.
See the Washington nursing home for proof.
Allan
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03-12-2020, 02:47 PM
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#667
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Registered User
Join Date: Jul 2014
Posts: 125
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Broadway in NYC is closed for the next 6 to 8 weeks...........
Santa Anita track, closed to fans....................
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03-12-2020, 02:54 PM
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#668
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gelding
Join Date: Oct 2008
Posts: 8,883
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Quote:
Originally Posted by biggestal99
Fairly non-lethal to the healthy.
Very lethal to the impaired.
See the Washington nursing home for proof.
Allan
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Packs a wallop for a substantial amount of the population. If allowed to spread unabated, would quickly and completely overwhelm healthcare facilities. This is the main reason why these social distancing and precautionary steps are being taken, to flatten the curve and mitigate this eventuality.
But it's already here, and will continue to spread.
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03-12-2020, 03:01 PM
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#669
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Registered User
Join Date: Aug 2004
Location: Behind the Pine Curtain
Posts: 10,646
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Quote:
Originally Posted by ReplayRandall
Of course they want you to "buy now", as they want sucker money coming back in....Market has a long way to go in the next month before we see any semblance of a bottom... |
He never said "buy now". He predicted the summer was where the rebound would begin. Still has a ways to go. I'll time my buys as best I can, just have to observe the circus going on
__________________
“We’re in a situation where we have put together, and you guys did it for our administration…President Obama’s administration before this. We have put together, I think, the most extensive and inclusive voter fraud organization in the history of American politics,” -Joe Biden
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03-12-2020, 03:11 PM
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#670
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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Quote:
Originally Posted by biggestal99
Fairly non-lethal to the healthy.
Very lethal to the impaired.
See the Washington nursing home for proof.
Allan
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I would worry just as much if my elderly loved ones caught the flu. And the flu comes around every single year.
90% of flu-related deaths are in people 65 years of age or older.
In fact, the mortality rate for the regular flu among this age group ranges from near 20 to as high as 50% as you travel past the age of 65 (also depends on whether you are male or female).
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03-12-2020, 03:15 PM
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#671
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C'est Tout
Join Date: Dec 2009
Location: Cajunland
Posts: 13,272
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Having 25+ employees in the restaurant business is what's worrying me.
At what point do folks stop going out for any reason, much less a luxury like going out to eat?
I have a lot of folks who need to work
__________________
How do I work this?
-David Byrne
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03-12-2020, 03:17 PM
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#672
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by PhantomOnTour
Having 25+ employees in the restaurant business is what's worrying me.
At what point do folks stop going out for any reason, much less a luxury like going out to eat?
I have a lot of folks who need to work
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Has your business slowed at all yet?
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03-12-2020, 03:27 PM
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#673
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,646
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The economic effects of all of this are going to be far more devastating and widespread than the disease itself.
That's the truly sad part.
When people wake up to this, they're gonna be like "WTF did we just do?"
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03-12-2020, 03:44 PM
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#674
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Registered User
Join Date: Jan 2006
Posts: 28,569
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Plain and simple...people can't afford to get sick and stop working. Too many people are living "paycheck-to-paycheck", with very little savings to back them up...and a virus with no cure or vaccine scares the heck out of them. True, there will be some sort of "government handout"...but most people know that that isn't NEARLY enough for their needs. Most people need to keep working.
"Dying" isn't the only concern here.
__________________
"Theory is knowledge that doesn't work. Practice is when everything works and you don't know why."
-- Hermann Hesse
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03-12-2020, 03:45 PM
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#675
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by thaskalos
Plain and simple...people can't afford to get sick and stop working. Too many people are living "paycheck-to-paycheck", with very little savings to back them up...and a virus with no cure or vaccine scares the heck out of them. True, there will be some sort of "government handout"...but most people know that that isn't NEARLY enough for their needs. Most people need to keep working.
"Dying" isn't the only concern here.
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Has casino traffic slowed?
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