Dow is Down 900+ points Today 2/24/2020

me32

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I think we’re getting off topic about the financial markets. Lol

I posted this in the corona virus thread:


A medical expert is going viral for a passionate post warning that mass panic about the coronavirus could do more damage than the disease itself


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There is no dought that mass panic is a big issue
Which is why china and US have tried to down play it. But the stock market is big time effected. Great time to Refi thoe. Cant say in CA its a great time to buy. But its still a sellers market.
 
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ON D BIT

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I think we’re getting off topic about the financial markets. Lol

I posted this in the corona virus thread:


A medical expert is going viral for a passionate post warning that mass panic about the coronavirus could do more damage than the disease itself


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This is exactly why Trump is trying to down play it. If we react quick and tell everyone to stay home shut down and it’s little more than the flu(or we are inundated) then people go broke lose jobs lose homes economy crashes. Not good.
If we don’t react enough people lose lives. It’s a delicate balance that could go wrong either way you lean.
We should have had test for every clinic hospital 3 weeks ago. I feel they should have closed the border as well. Then keep everything inside our state business as usual for as long as possible.

All made harder by the fact we don’t have real numbers from China!
 

ON D BIT

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There is always the outlier, same with the flu.
Outliers such as 2 of the 8 doctors who notified the world are dead? Both under 45 and no preexisting conditions?
02A8FC09-ED96-46D2-A708-89FD8DFAC84A.jpeg
 

ON D BIT

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This is the reason the US is gonna spend 8 billion on the virus.

Question if the flu was so much more deadier why isnt 8 billion being spent on it?
Exactly. Supposedly 60k died from the flu last year. China has 4 times the population so we can deduct they had roughly 240k died of the flu last year in China. This is 20k a month.

If they had 20k people that died every month from the flu last year and all the years before it why not quarantine?

20k flu deaths every month on ave every year and no quarantine.

300 die(supposedly) from Wuhan virus in Jan and they quarantine over 400,000,000 people!
 

jpro

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Exactly. Supposedly 60k died from the flu last year. China has 4 times the population so we can deduct they had roughly 240k died of the flu last year in China. This is 20k a month.

If they had 20k people that died every month from the flu last year and all the years before it why not quarantine?

20k flu deaths every month on ave every year and no quarantine.

300 die(supposedly) from Wuhan virus in Jan and they quarantine over 400,000,000 people!

So what will become of China for deceiving the world and causing this cluster****? Even now they are lying about new cases and deaths. Nuke these mother****ing bat eaters.


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mariusvt

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Tomorrow is going to be painful, futures already pointing down 1000+ and oil plunging to $30 a barrel on news out of Saudi Arabia they are going to ramp up production to try to run others out of business again (which didn't work last time they tried it)
 

Weather Man

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Tomorrow is going to be painful, futures already pointing down 1000+ and oil plunging to $30 a barrel on news out of Saudi Arabia they are going to ramp up production to try to run others out of business again (which didn't work last time they tried it)

They did cause the Permian to slow way down and really put the hurt on the oil sand guys in Canada. It was interesting watching Jamie Davis towing abandon their shop out that way on Highway Thru Hell.
 

FIVEHOE

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Tomorrow is going to be painful, futures already pointing down 1000+ and oil plunging to $30 a barrel on news out of Saudi Arabia they are going to ramp up production to try to run others out of business again (which didn't work last time they tried it)

I'm gonna wait till it drops to the 20's per barrel and drop the rest of my money into oil stocks and sit on it for awhile. It's the biggest drop in the oil industry since 1991 to give you guys an idea of how bad this is. My future self will surely be happy I bought now.
 

jpro

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For ****s sake. I can’t even bear to watch. It is going to throw irrational people (50%+ of the population) into a hysterical panic. They will try to go buy toilet paper because it makes them feel safe, but they already bought it all...stupid ****ers


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Willie2

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Just be smart about it...for those in the Oil & Gas industry. Like switching from St. Arnold to Busch.
 

ccq8le

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Only buy ones with good balance sheets. I am bitter as my biggest losses were oil companies/drillers that went belly up over the past 10 years. I figured the same thing at one point and it never seemed to turn around. I wish you best of luck, just be cautious of the debt loads.....
I'm gonna wait till it drops to the 20's per barrel and drop the rest of my money into oil stocks and sit on it for awhile. It's the biggest drop in the oil industry since 1991 to give you guys an idea of how bad this is. My future self will surely be happy I bought now.

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mariusvt

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CA just cancelled a pro tennis tourney that nets 450,000 fans annually. Economy is losing lots of sources of revenue...
Wait until MLB starts playing games without fans in the stands when the season starts. NBA already said that might be a possibility for them too and have put the league on notice.
 

jpro

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Wait until MLB starts playing games without fans in the stands when the season starts. NBA already said that might be a possibility for them too and have put the league on notice.

No need for an epidemic for the A’s to play in an empty stadium in Oakland!


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