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.”
I hope you understand that even just TONIGHT part of this is margin calls from people trading the futures. Do you understand how much is being lost tonight by people who are long S&P??? I only do futures options for reasons we are seeing tonight.
What billionaire earns most of his money thru short selling? Soros
Also large stake investor of WuXi App Tech in Wuhan. Just down the road from where this started.
He will earn billions tomorrow alone.
It’s time to reinstate the uptick rule at the SEC to slow the slide, or we are looking at 2008 happening all over again.
More fear-mongering. You have yet to answer a simple question regards your claim, can it be that you have no clue?
Really,for the idiots who think there aren’t margin calls tonight in the various indexes..look at how much just ONE tick on One contract is.
Maybe you will get the picture.
“If you were to replace “Coronavirus” with “Ricin”, and inject 100 people with a dose which would kill 100% in a week, then every day double the number of people you give the injection, using the deaths/cases method, after one week you would have a fatality/injection ratio of 0.78% (100/12,700), for a 100% fatal toxin.”
Well, OK then. If the coronavirus had a 100% fatal death rate, we would be screwed. Got it..
More fear-mongering. You have yet to answer a simple question regards your claim, can it be that you have no clue?
The figures on the John Hopkins page INCLUDE the HUGE recovery in China. ( I don’t believe China’s figures.) Do just the USA. So far it is a 1.6% recovery rate and other countries are similar. Are you saying we haven’t had enough time?
You may see trading collars tomorrow, and a delay in the opening bell, to protect government pensions, and bundled securities.
It is astonishing to me that you think there are no margin calls tonight.
Simply astonishing.
We will see if any funds got blown up tonight. Hopefully, they hedged because they saw this coming.
You really are an idiot...look at this little margin call from earlier
https://www.forexlive.com/news/!/japan-makes-an-emergency-margin-call-on-lt-jgb-futures-20200306
Japan Securities Clearing Corporation makes an emergency margin call on LT JGB futures
It will be happening a lot tonight and tomorrow
Correct.
It’s “astounding” to me you and others continue to be hysterical about this story. Get another hobby.
Name-calling makes you look so, well, pathetic.
You keep saying MARGIN like you have a clue. How much margin is in 401K plans and IRAs?
I know of funds that began buying crude oil after Friday’s 10% selloff. Crude now down 27% so far tonight. They will be liquidated and some of their profitable positions will also be force liquidated to cover their deficit. That will have a depressing effect on those markets also. It’s all connected.
Yep
Robert Black
@insurance_news_
·
Futures brokers are all “YOU get a margin call, and YOU get a margin call, and YOU get a margin call!” $es_f
BTW, while we are getting some statistical smear, due to the geographical spread of the coronavirus, it appears (to me) that the fatality overstatement is probably in the range of a factor of 3.5-5.
MERS CFR was about 30%, SARS was about 10-12%, and COVID appeared as of last Friday to be in the 4-6% range. The flu is usually in the 0.1%-.04% range, we’ve had a couple of particularly bad outbreaks the past couple of years, with one outbreak at about 0.3% and this year about 70% more cases than usual.
As of a couple of weeks ago, the distribution of *both* the COVID-19 and the flu was that roughly 95% of the fatalities were in people over 50, which is not quite the same definition as “elderly”. About 25% of the COVID-19 fatalities are in their 50s and 60s.
Hope you’re right. We are in for a rough ride.
Do the math on the so called recovery rate of China. If my math is correct, they claim a recovery rate of approximately 70%. Really??? How come our recovery rate is so low by comparison.
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