Posted on 06/24/2020 9:43:42 AM PDT by CincyRichieRich
Stocks fell sharply on Wednesday as traders grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery.
The Dow Jones Industrial Average dropped 727 points, or 2.8%. The S&P 500 traded 2.8% lower while the Nasdaq Composite slid 2.6%. The tech-heavy Nasdaq was headed for its first daily decline in nine sessions.
The major averages hit their lows of the day after Florida said its confirmed cases jumped by 5,508 on Tuesday, a record, and now total 109,014. The state also said its positivity rate rose to 15.91% from 10.82%. Meanwhile, New York, New Jersey and Connecticut ordered visitors to quarantine for 14 days.
(Excerpt) Read more at cnbc.com ...
Didn’t Dr Fauci testify yesterday? Stock market plummets today.
...
They likely hoped Fauci would cause it to go down, so they had to start rumors of more cases and get short money into the game...likely Gates, Steyer, other hedge fund managers coordinated it, too.
Really? Then I guess your neurosurgeon - who wears one for HOURS - day after day - and his entire surgical team - is IN BIG TROUBLE!!!!!! You better NEVER let a doctor operate on you EVER AGAIN because they must ALL be suffering from brain damage - because they all wear them ALL THE TIME - for HOURS AT A TIME!!!
I guess millions of Japanese people - who have been wearing them for YEARS - are all suffering from O2 deprivation - because they wear them - well - even when they aren't sick.
I guess all those nail salon ladies who wear them for 8-10 hours a day - day after day - ARE IN BIG TROUBLE!
I guess all those tens of thousands of woodworkers - fiberglass workers - etc - that wear them ALL THE TIME - are in BIG TROUBLE!
SMDH - the stuff people believe and don't actually think through - is MIND NUMBING. Common sense has TRULY left the freaking building.
Only two Wuhan virus numbers matter, when they are increasing much, and neither of them are “number of cases” - deaths, and hospitalizations. The latter is some identification of the rate of severe cases requiring hospitalization, while the former is some indication of the fatality rate from the virus.
When deaths and hospitalizations are not rising, no matter what the “number of cases” is doing, it demonstrates (a) the health care system is not swamped and (b) our medical systems are doing a good job with patient care of those hospitalized. Those are the only two numbers that matter, because MOST cases have and will continue to be not severe and not deadly - no matter their number.
BipolarBob wrote:
“You ask too many questions. Next you’ll want to know how many died. THEN you’ll be asking if they really died from Wuhan Virus alone or was the cause of death something else and they only tested (or it was surmised) they were positive. Then you’ll want to know about this mandatory mask edict. It never ends when you go down that slippery slope of digging for the truth.”
I’m gonna ask anyway.
Thank you very much for this information!!!
There’s only one statistic to look at and even that is somewhat fishy and that is guess who is dying from this stupid Wuhan flu ?
and the answer is almost nobody now
++++=
Well you are mostly right. With all the testing going on the identified Coronavirus cases will go up. They could be going up without the testing but I doubt it. And there is actually no way that I can see that would allow you to separately evaluate those two factors.
I recommend ignoring the New Case Data. At least for now.
But you are spot on when it comes to watching the death rates. They are not affected by the testing and, while possibly inflated, it is the trends that count much more than the totals. Are they up, down or are they steady as you go?
My take, Wikipedia database, is steady and somewhat down. Certainly not spiking up. But not zero either - a few hundred a day. Maybe 500. That would be 15,000 per month and well below what we were seeing in April and May.
But, a word of caution, a jump up in deaths could happen. If it is going to we should see it in the next month. If we do we should believe it, either accept it or do something about it and stop blaming Soros and the Deep State.
And are the ICUs full?
And who’s in ICU? WuFlu patients or patients with WuFlu?
Note it is infections, not deaths. This is to be expected as we develop an immune system to the virus. And a drop of 700 pts is nothing.
What bugs me the most are the mask shamers.
Having been infected by the Corona-19 virus does not mean becoming sick or having symptoms 99.9% of the time. Not that any of our Fearpers care about that.
Why can’t we just trust “the science?” The science says the risk of dying from Chinese Flu if you are under 70 is .025% as per Sanford study.
“viruses don’t stand a chance in the summer”
It is not the heat that kills the virus in summer time. It is because people are outside getting sunshine (vitamin D) that boosts the immune system.
also they are not crammed in to homes during the winter with windows closed and not getting exposed to sunshine.
I’ll wager that 99.99% are asymptomatic.
FINALLY!!!!
Thanks, mewzilla. Ya think people will NOW start to get the message???
Few hospitalizations, few in ICU, FEW DEATHS.
Varney, this morning was making me sick. All the damn gloom and doom and not ONCE mentioning the above IMPORTANT added information.
One more show like that, and I give up on him.
Where are all the headlines about 1,029,000 recoveries from the virus in the U.S.? /rhetorical
////
There won’t be any, of course. It bothers me more Freepers (our intelligent crowd) get hoodwinked by all this and discuss masks, gloves, post data over and over...when I see someone wearing a mask, I stereotype them to be lower intelligence, and a CNN/NBC viewer. This is an attack on our economy again; if one can’t see that being done on purpose, they need to move to the Slate/BLM/DailyShow discussion board.
You could offer a “free” kick in the nuts and people would line up. Even when the guy at the front of the line gets kicked in the nuts with steel toed work boots they would still ask, is it really free?
“Stocks fell sharply on Wednesday as traders grew worried about the increasing number of newly confirmed coronavirus cases, which raised concern about the economic reopening and recovery.”
Love how CNBC makes up crap headlines on why the market retreated.
How about this for a headline: The Dow Fell as Elon Musk Reported Martian Invaders are Coming.
Sounds credible to me - SELL!!!
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.