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03-19-2020, 03:37 PM
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#1681
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Registered User
Join Date: Apr 2014
Posts: 1,755
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One thing the market collapse is doing is it's bringing out all the newsletter writers. I've gotten at least 10 emails telling me how each one of these guys had all their clients out just before the decline. I could never figure out how they get my email but they do.
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03-19-2020, 03:48 PM
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#1682
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Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
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Quote:
Originally Posted by lamboguy
ultimately, i believe the S+P will be below 800, maybe in 50 years it will get to 100,000. in this game nothing goes straight up or straight down.
this country is busted, disgusted and can't be trusted. i would love to see how they bail all these business's and people out, at the same time come up with all the money to beat this virus.
Italy had 475 deaths from the corona today, in about a month we will have ten times that .
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We won't get near the same death rate as Italy. It's an old country with a lot of smokers. Old smokers don't fare well vs this virus.
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03-19-2020, 03:54 PM
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#1683
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
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Quote:
Originally Posted by Valuist
We won't get near the same death rate as Italy. It's an old country with a lot of smokers. Old smokers don't fare well vs this virus.
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i don't think the corona had anything to with bringing the market down. i don believe it was the catalyst.
if you were a good trader in March, you would have made fortunes. if you were ever able to hold your positions overnight and were in the right direction, you did plenty of damage.
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03-19-2020, 03:57 PM
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#1684
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Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
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Quote:
Originally Posted by lamboguy
i don't think the corona had anything to with bringing the market down. i don believe it was the catalyst.
if you were a good trader in March, you would have made fortunes. if you were ever able to hold your positions overnight and were in the right direction, you did plenty of damage.
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I agree it was the catalyst, albeit a significant catalyst.
Stocks were overbought. Market had gone up too much too quick. We never really fixed the 2009 recession; just kicked the can down the road a full decade. And there's problems in the credit markets.
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03-19-2020, 03:58 PM
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#1685
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by Valuist
We won't get near the same death rate as Italy. It's an old country with a lot of smokers. Old smokers don't fare well vs this virus.
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Good point - looks like about 23% of Italians smoke vs 14% of Americans. The American number for those over 65 is about 8%. I couldn't find the comparable number for Italy, but I'd guess it's much higher.
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03-19-2020, 04:14 PM
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#1686
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Registered User
Join Date: Jan 2006
Posts: 28,549
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Quote:
Originally Posted by Valuist
We won't get near the same death rate as Italy. It's an old country with a lot of smokers. Old smokers don't fare well vs this virus.
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Smoking isn't the only health hazard. I don't know about Italy...but a casual glance at our own older citizens proves that we are not "pictures of health" ourselves.
__________________
Live to play another day.
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03-19-2020, 07:59 PM
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#1687
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Registered User
Join Date: Feb 2003
Location: NE Ohio
Posts: 16,487
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Quote:
Originally Posted by thaskalos
Smoking isn't the only health hazard. I don't know about Italy...but a casual glance at our own older citizens proves that we are not "pictures of health" ourselves.
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Not looking like a "picture of health" is one thing. Italy and a number of European countries are loaded with chain smokers. This virus attacks the lungs.
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03-19-2020, 10:50 PM
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#1688
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Registered User
Join Date: Jul 2003
Location: central fla.
Posts: 4,874
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Quote:
Originally Posted by Ocala Mike
Adjuvants/catalysts work in mysterious ways in medicine, not fully understood. That's the best I can come up with.
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P.A./Valuist...this....didn't understand why antibiotic would work either...perhaps 46 can explain it clearer...
I have worked with MANY herbicides, insecticides and fungicides....and sometimes a combo that really shouldn't do all that much....is 10x's more effective...for what-ever reason....
__________________
got handed a lemon...make lemonade....add sugar or brown sugar or stevia or my personal favorite....miracle fruit....google it...thank me later...
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03-19-2020, 10:54 PM
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#1689
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Registered User
Join Date: Jan 2006
Posts: 28,549
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Quote:
Originally Posted by Valuist
Not looking like a "picture of health" is one thing. Italy and a number of European countries are loaded with chain smokers. This virus attacks the lungs.
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Viruses attack immune systems...and the immune systems are weakened by a wide variety of diseases and conditions. If smoking was such a high risk against this virus...then the Russians would be hurt by it much more than the Italians are.
__________________
Live to play another day.
Last edited by thaskalos; 03-19-2020 at 10:57 PM.
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03-19-2020, 10:56 PM
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#1690
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Registered User
Join Date: Jul 2003
Location: central fla.
Posts: 4,874
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Quote:
Originally Posted by Valuist
I agree it was the catalyst, albeit a significant catalyst.
Stocks were overbought. Market had gone up too much too quick. We never really fixed the 2009 recession; just kicked the can down the road a full decade. And there's problems in the credit markets.
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Agree with this 100%...been pooh/pahed by many here stating that for the last decade...we won't mention any names tho...other than...well...I told ya so...
of course said response will be...oh so you're glad this happened....hell no...I not glad...just knew it would...period...
__________________
got handed a lemon...make lemonade....add sugar or brown sugar or stevia or my personal favorite....miracle fruit....google it...thank me later...
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03-19-2020, 10:57 PM
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#1691
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Registered User
Join Date: Jul 2003
Location: central fla.
Posts: 4,874
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Quote:
Originally Posted by mikesal57
Be careful of what you wish for...
With any drug, it takes years to approve
Would you take "the cure" with no proven long term effects???
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wrong...
Medicines OVER 80 years old... euro's having been using for decades...was used against SARS & MARS....
Just shows you HOW corrupt morally bankrupt our pharmaceutical companies are...
__________________
got handed a lemon...make lemonade....add sugar or brown sugar or stevia or my personal favorite....miracle fruit....google it...thank me later...
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03-20-2020, 07:30 AM
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#1692
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Veteran
Join Date: Sep 2003
Location: NEW YORK CITY
Posts: 3,670
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Better start for today 
Cruise Lines bouncing back...I guess peeps see bottom?
Last edited by mikesal57; 03-20-2020 at 07:32 AM.
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03-20-2020, 08:08 AM
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#1693
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Registered User
Join Date: Jul 2003
Location: central fla.
Posts: 4,874
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Quote:
Originally Posted by mikesal57
Better start for today
Cruise Lines bouncing back...I guess peeps see bottom? |
A buddy of mine dropped $40k on cruise stock last week...ouch...tried to talk him out of it...anyways....he'd certainly like to think so...
me...not sold....not with NEW FED gov't announcements coming out...and some crazy states as well...
__________________
got handed a lemon...make lemonade....add sugar or brown sugar or stevia or my personal favorite....miracle fruit....google it...thank me later...
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03-20-2020, 08:13 AM
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#1694
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Registered Loser
Join Date: Apr 2002
Posts: 2,633
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When this is over what is going to happen to the Consumer Price Index? The money lost has to be made up.
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03-20-2020, 08:23 AM
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#1695
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Veteran
Join Date: Sep 2003
Location: NEW YORK CITY
Posts: 3,670
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Quote:
Originally Posted by jk3521
When this is over what is going to happen to the Consumer Price Index? The money lost has to be made up.
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more Roll Backs....LOL
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