Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

S&P 500 drops 7%, triggering NYSE ‘circuit breaker’ trading halt for 15 minutes
CNBC ^ | 03/12/20

Posted on 03/12/2020 6:42:46 AM PDT by Enlightened1

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-92 last
To: wiseprince

he President has been making the point that the risk remains low and that message is still true today. He also was being a counter balance against the over hyped media. I’m greatful that he was.


Me too

In a population of 300 million the to date statistics don’t warrant the hype the media is portraying.

Lets use 300 deaths against that . The stat is .0001 % hardly a wipe out of the population.

The predictions of 40 - 50 % aren’t offset by how many of those will be terminal.

There is minimal reference to the data that shows this is the elderly population, of which I am a part of...

The data of actual OUS infected vs death is not being shared, to me, in a manner that gives some assurance that the population of the US will not be exterminated.

Also the normal deaths from the Flu aren’t really used.

Not to say that we shouldn’t be concerned and take the suggested precautions, I for one want to see some assurances instead of hype based on facts as they are, and will develop


81 posted on 03/12/2020 8:02:22 AM PDT by patriotspride
[ Post Reply | Private Reply | To 52 | View Replies]

To: 1Old Pro

The selling will dry up....the correction will bottom.

The economy will slow. The virus contagion will be over.

By June, everything roars back to life and record reinflation of the stock market will be the headlines in October and Trump will win re-election in a cakewalk.


82 posted on 03/12/2020 8:09:02 AM PDT by blackberry1
[ Post Reply | Private Reply | To 80 | View Replies]

To: lasereye

“..we have thousands or hundreds of thousands of people that get better, just by, you know, sitting around and even going to work, some of them go to work, but they get better.”

This is one week ago. Don’t worry, it’s just the flu.

Oh wait, never mind that, we now have to shut down all international travel. Guess it’s not just the flu, it’s the Foreign Virus. I think it even has slanty eyes.


83 posted on 03/12/2020 8:10:28 AM PDT by babble-on
[ Post Reply | Private Reply | To 69 | View Replies]

To: blackberry1
The selling will dry up....the correction will bottom. The economy will slow. The virus contagion will be over. By June, everything roars back to life and record reinflation of the stock market will be the headlines in October and Trump will win re-election in a cakewalk.

I just hope the media's 401k's are over weighted in European and Italian stocks.

84 posted on 03/12/2020 8:10:50 AM PDT by 1Old Pro
[ Post Reply | Private Reply | To 82 | View Replies]

To: Enlightened1

On location jobs, collateralized debt.


85 posted on 03/12/2020 8:12:47 AM PDT by Varsity Flight (Mr. President, We the People, have your back.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Taipei

Agreed. He also was far too glib. Always saying the response is great,we’re doing excellently. You would think he or someone on his staff would remember “Hell of a job Brownie”


86 posted on 03/12/2020 8:24:23 AM PDT by xkaydet65
[ Post Reply | Private Reply | To 11 | View Replies]

To: fireman15

IMHO, there’s a lot of former NeverTrumpers around here that are looking for any reason to justify their past feelings.


87 posted on 03/12/2020 8:28:05 AM PDT by M1903A1 ("We shed all that is good and virtuous for that which is shoddy and sleazy...and call it progress")
[ Post Reply | Private Reply | To 45 | View Replies]

To: M1903A1

You are probably on to something. This panic sell off mostly attributable to hype over something that is probably going to fade away... is creating one of the greatest buying opportunities in our lifetimes.


88 posted on 03/12/2020 8:37:21 AM PDT by fireman15
[ Post Reply | Private Reply | To 87 | View Replies]

To: fireman15

This is going to be a huge transfer of wealth.


89 posted on 03/12/2020 8:37:49 AM PDT by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 88 | View Replies]

To: fireman15

Well, as was hinted above, I think this isn’t over by a long shot...a landslide doesn’t stop just because the pressure point in the wrong spot is now gone.

There are many companies that managed to cantilever themselves out over the cliff with debt in the last twenty years. Disrupt their ability to service that debt—as with disrupted JIT supply lines from overseas, or their end product drops in demand or market price—and there’s potential for a whole lot of corporate implosions.


90 posted on 03/12/2020 8:55:31 AM PDT by M1903A1 ("We shed all that is good and virtuous for that which is shoddy and sleazy...and call it progress")
[ Post Reply | Private Reply | To 88 | View Replies]

To: babble-on
You truncated the quote, which is classic troll behavior. He did not say in that what people SHOULD do at all. Nor did he imply any such thing. He also tweeted that he didn't say that.

This is the full quote:

Well, I think the 3.4 percent is really a false number. Now, and this is just my hunch, and — but based on a lot of conversations with a lot of people that do this. Because a lot people will have this and it’s very mild. They’ll get better very rapidly. They don’t even see a doctor. They don’t even call a doctor.

You never hear about those people [with mild cases of COVID-19], so you can’t put them down in the category of the overall population in terms of this corona flu and … or virus, so you just can’t do that … so if, you know, we have thousands or hundreds of thousands of people that get better, just by, you know, sitting around and even going to work — some of them go to work but they get better.

When you do have a death, like you had in the state of Washington, like you had one in California, [I] believe you had one in New York, you know, all of a sudden, it seems like 3 or 4 percent [is the mortality rate], which is a very high number, as opposed to a fraction of 1 percent … but again, [most Americans] don’t know about the easy cases because the easy cases don’t go to the hospital, they don’t report to doctors or the hospital, in many cases, so I think that that number [3.4 percent] is very high. I think the [case-fatality rate] number, personally, I would say the number is way under 1 percent.

Trump’s broader claims were about the coronavirus’s mortality or case-fatality rate (CFR). Hannity referenced a 3.4 percent rate (meaning between three and four of every 100 people infected would die from it), and Trump explained at length that he personally believed COVID-19 to have a far lower mortality rate than 3.4 percent.

From there, he indicated his “hunch” was that many people infected with COVID-19 experienced such mild cases that they either didn’t seek medical help or presumably remained unaware they contracted the virus. Those people, Trump posited, were not included in official statistics because their cases went unreported. In essence, he said that far more people contracted COVID-19 than were officially counted, and those with severe symptoms were likelier to seek medical attention, and by extension, likelier to die of the virus.

It appeared Trump was necessarily (but not explicitly) describing asymptomatic carriers who were exposed to and would test positive for COVID-19 — but remained unaware they had contracted the virus. Moreover, he indicated some that mild cases involved people well enough to go to work, again possibly unaware they had even been exposed to or contracted COVID-19.

What he did not say is that anyone — asymptomatic or otherwise — ought to go to work. As the rumor spread, Trump tweeted a clarification.

I think it even has slanty eyes.

AH YES. NOW TRUMP'S A RACIST!!!!!!! The never ending psychotic leftist belief about Pres. Trump and of course his supporters. I think you should leave psychotic lying troll.

91 posted on 03/12/2020 9:25:05 AM PDT by lasereye
[ Post Reply | Private Reply | To 83 | View Replies]

To: Chgogal

He’s a troll. See my post #91.


92 posted on 03/12/2020 9:43:45 AM PDT by lasereye
[ Post Reply | Private Reply | To 24 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-92 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson