Posted on 03/08/2020 6:00:55 PM PDT by narses
With coronavirus death toll in the U.S. rising to 19, people are becoming increasing afraid of contracting the disease. To date, there are 3,803 reported deaths with 109,835 confirmed cases worldwide. Also a total of 60,694 people have recovered from the virus. As the fear of coronavirus continues to spread, there are a growing number of reports of empty shop shelves as people rush to stock up on basic products such as hand soap, sanitizers, tissue papers, and many more. It got so bad that some stores are now limiting purchases of these products, more due to coronavirus fears.
The fears stem from the misleading information coming from mainstream media about the trend of the virus. The media shows the number of fatalities continuously increasing, on a time-based graph. The problem with this is that, the media only uses a cumulative graph to illustrate coronavirus deaths. However, if you look deeper at the raw data provided by John Hopkins on GITHUB, the number of global deaths per day are decreasing worldwide.
Hats off to Evan at TradeGuru, who first noticed the discrepancy in media’s cumulative statistics and created a more accurate chart. According to Evan’s analysis using the raw data provided by John Hopkins University, “the virus is decreasing in hotspots such as South Korea, China and Hong Kong (the first to deal with the novel virus). The press tells us it’s an outbreak, or a pandemic on the precipice. Both situations would suggest exponential growth. The actual data doesn’t suggest exponential growth of fatalities at all. The data suggests decline. In fact, the crude death rate is statistically 0.”
Also, it’s now being estimated that 80% of individuals that contract the coronavirus are asymptomatic or midly-symptomatic. And in this viral video, Rebecca Fraiser says she “never really felt unwell” after contracting the virus, and it “sounds like it is the case for the majority of people.”
Nifster wrote:
“That’s not true. We’ve been testing for nearly a month...just shortly after Wuhan released their info on the virus. You have to have info to know how to test. Can’t make a test before hand
So you are wrong. We were testing a month ago. It is a matter of where the test could be read that limits the number of tests
You have been reading and believing to much SHTF stories. That and you aren’t even following the actual news from the CDC and the WH
Trump put travel restrictions in place Jan 31. That was a biggie.”
What day was it that China released their info?
When did testing here start?
Travel restrictions by President Trump saved us valuable time.
But cheap oil also helps more industries cost of doing business
Cheaper gas more money in your wallet and mine to spend
Cheaper utilities and so on
Does it hurt oil companies yes...
And collateral biz like drillers and pipe and mud and others
But it’s not a bad thing
What strikes me is how artificial this makes crude pricing appear
Now all the cracking towers tween Baton Rouge and Baytown can slow production and wells can be plugged to keep prices from collapsing completely
But I’m already seeing gas at 1.89 here
In rich areas it’s 60-70 cents higher ....
It’s going to drop off as the northern hemisphere warms if not before
You are correct about Wikipedia. But if we are looking worldwide and we need to, there will be hundreds of contributors to these articles. That would be pretty hard to coordinate in favor of a U.S. based political narrative.
I look mostly at trends. In terms of new cases the trend is up and at very rapid rates in many countries including ours. They are doubling every 2-3 days. Or the Wikipedia data is bogus. Could be but I doubt it. Check out the anecdotal stories coming from the hospitals. If this becomes a runaway infection we will know it.
But I do agree that the Wiki data from China is useless.
He didn’t say that - your mind decided to interpret it that way.
So now that morning has arrived..what you claimed would happen DID NOT happen...and news article after news article today is already talking about MARGIN CALLS...
perhaps next time you will realize there are people here who do know what they are talking about when it comes to the market.
I don’t know how bad it will get...I don’t know when the Algos will decide enough is enough...but what I do know ..and anyone who knows a damn thing about the market should know...Margin calls killed some accounts last night..and will today.
And it sucks because had they had enough staying power to withstand the margin call their account may go back to where it was on Friday but instead...it blew up.
Will Meade
@realwillmeade
·
39m
As predicted its #MarginCall Monday stocks set to open 5% down.
Will Meade
@realwillmeade
· Mar 6
Looks like we may open down 4% ouch
Black Friday
Margin Call Monday
Hope you cleaned out your 401K last week as I warned
oh and btw, just because YOU can’t trade on margin in your 401k..doesn’t mean what you invested in is safe from getting hit by what is about to happen to today.
Will Meade
@realwillmeade
· Mar 2
Lastly told all family and friends who are retired or over 65 to go to 100% cash last week. Selling everything from equity funds to bond funds.
btw, want to know what is UP premarket?
My face mask stock. APT
The media can’t help themselves, they are inherently lazy, dishonest and full of TDS - this plays into their hands reporting every single case as it becomes known takes up 99% of their broadcasts and allows them to do no work.
Oops...will be interesting if you are willing to admit I was right. SOmehow , I doubt it
Kevin Madden
@KevinMaddenDC
·
2m
Market circuit breakers triggered. Stock trading halted.
Do you think Dr Tony Fauci and his group understands this virus as well as you do? This is the group that is estimating a 0.1% - 1.0% CFR using epidemiological modeling based on the most up to date scientific data they are privy to.
The difference between models and data is fundamental.
Cash out and move it to a bank account, and take the tax hit, rather than lose more due to the hit to the underlying investments?
It is a lot of decisions people have to make with a number of factors that play into it.
All I can say is that I am glad I am in cash...except for money that I Have absolutely no control over because a trustee has it. I dont even want to know what kind of hit that is taking.
Oil is falling because Opec did not agree to set prices.
The Communist Party of China are liars. Their data is useless.
Good one Travis.
The death rates probably depends on where you get sick.
we need to get the vaccine.....I'm sure then the panic will subside....
take necessary precautions.............we will survive the disease, but I don't know if we'll survive the panic and hysteria...
there certainly needs to be a report on who died from this virus.....we know it hits the elderly harder, but what is the breakdown on their background health status....how easy was it for them to contract it, any connection to race or ethnicity......
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