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Just get back to business, nothing we can do to stop it...Much of the country has probably already had it. It's a bad flu for cryin out loud. Turn the machines back on and get to work.
https://www.aol.com/article/news/2020/05/08/wh-on-high-alert-as-covid-19-hits-secret-service/24243006/
"According to the DHS document, along with the 11 active cases there are 23 members of the Secret Service who have recovered from COVID-19 and an additional 60 employees who are self-quarantining. No details have been provided about which members of the Secret Service are infected or if any have recently been on detail with the president or vice president.
The DHS, which oversees the agency, referred all requests for comment to the Secret Service, which declined to comment on the number of coronavirus cases among its employees."
"...when states start re-shutting down..." They won't. There is plenty of hospital capacity and much of the unknown with the virus is becoming known...
The effort to contain the virus failed. It has now swept thru much of the world...it will continue to do so.
You should look into when Buffet bought airlines...lol. Right before the top. Dude has billions, but not always right...
Sheesh...now I know where you got your handle...
Sweden https://www.marketwatch.com/story/sweden-is-forging-its-own-pandemic-path-with-most-of-the-western-world-under-stay-at-home-orders-2020-03-31
Sweden is forging its own pandemic path with most of the Western world under stay-at-home orders
Published: March 31, 2020 at 6:03 p.m. ET
By Bojan Pancevski
Diners crowd an intimate restaurant in Stockholm last Wednesday evening. The streets of the Swedish capital have been more quiet than usual but not deserted while citizens in many parts of the world are sheltering in place.
The ski pistes are open, the restaurants are doing ample business, and the malls are awash with shoppers.
Welcome to Sweden, the last holdout among the small number of Western countries to have taken a radically different approach to the coronavirus pandemic.
While social life in Europe and much of the U.S. now centers on the home after governments imposed increasingly drastic curbs on freedom of movement, Sweden left offices and stores open, issued recommendations rather than restrictions, and waited to see what happens.
Businesses, kindergartens and schools remain open. After a long winter, Stockholm’s street cafés and outdoor bars swelled with people over the weekend, and the city’s old town drew large crowds as locals ventured out to enjoy the good weather. The only mandatory changes are a ban on meetings of more than 50 people and an order forcing bars and restaurants to only serve seated customers so as to avoid overcrowding.
The U.K. and the Netherlands also considered letting the virus propagate through the population in a controlled manner so as to build a natural form of immunity. Both reversed course after academics warned they could face hundreds of thousands of deaths and an overwhelmed health care system.
An expanded version of this report appears at WSJ.com.
10 day - 30 minute
Can you draw the 50dma in there as well...Is that at your trend line?
"mind the gap"...after the fill, don't be surprised to see it head higher...
Corruption??...LOL...been going on for centuries...only one escape, and that is...well. the final breath...
What kind of friends would go short SPY if they thought the VIX was going lower?? Sounds like they need to go back to high school...
Hear, hear...cheers!
Not bad...interesting philosophy...almost takes it from a gambler's point of view...we're not gamblers are we?? :)
I think Shadow is a more effective instructor...fwiw
From the same article:
"But if the state’s numbers indicated the true incidence of the virus, they would mean that more than 1.7 million people in New York City, and more than 2.6 million people statewide, have already been infected.
That is far greater than the 250,000 confirmed cases of the virus itself that the state has recorded.
It would also mean that the fatality rate from the virus was relatively low, about 0.5 percent, Mr. Cuomo said."
Well, there are still a lot of unknowns...but, the implication is that much more of the population has been exposed than previously thought.
Here is an interesting statistic from Cuomo...this is significant data...and consistent with what the IR doctors were estimating. I'm not taking political sides...I'm just saying that the data is pointing towards the fact that the virus has already run thru much of the country. This is UP from 14% a few days ago...also making the actual dearth rate MUCH low that previous estimates. Meaning about 1.8 MILLION New Yorkers have already had the virus.
Cuomo Says 21% of Those Tested in N.Y.C. Had Virus Antibodies
The preliminary data suggests that many more New Yorkers may have been infected than was previously believed.
https://www.nytimes.com/2020/04/23/nyregion/coronavirus-new-york-update.html
Tear down the wall...some solid logic.
Saw that, censored...lol...(I still think the audio was dubbed in anyway, but was fun anyway)....and here's Billy boy towing the line...
https://www.marketwatch.com/story/bill-gates-as-things-get-back-to-semi-normal-its-impossible-to-overstate-the-pain-that-lies-in-the-years-ahead-2020-04-23
Thanks for the update....should make for a soft open...
Well, INTC did ok on the numbers....but getting sold on no forward guidance...
If INTC comes in solid after the close, it may be enough horsepower to gap the markets higher...of course, that works in the other direction as well.
Would rather see it close today below the 50 dma as people will see it as a 'failure' and go short in the hole.
Of course, what happens after that is the unknown... :~)
I saw that and agree with you 100%, virus has been around much longer than most think...and many many people have already had it. Death rate is MUCH lower than current models.
SPY = too much congestion at the 50 dma...should jump over it tomorrow AM.
Yep, all those that were 'priveleged' with inside info are happy while we remain in the bunker trying to figure it out the hard way...
Whatever isn't will get refinanced...so will the debt of many businesses.
Not when there are ZERO interest rates.. :~)
I saw where you called that, and you continue to maintain your market objectivity...nice work!
Thanks, I think jobless claims were 'as expected' so no real market shock...
The economy is shut down, many jobs are on hold or being lost and the virus is still not under control.
Many businesses will be lost because the economy is shut down.
We are in a difficult place without a lot of solutions.
We need treatments and progress against the virus.
Different political agendas seem to be making virus progress more difficult.
What do your RTH and ATH acronyms stand for?
The authors argue that physicians need a new playbook for when to use ventilators for Covid-19 patients — a message consistent with new treatment guidelines issued Tuesday by the National Institutes of Health, which advocates a phased approach to breathing support that would defer the use of ventilators if possible.
https://www.statnews.com/2020/04/21/coronavirus-analysis-recommends-less-reliance-on-ventilators/
They'll pay you to take it...I guess...lol
It will take a little to get thru the 50dma....obvious resistance. Question is, will it get thru it....I think yes..although, it does look weak at the moment....
If it holds up thru 2:30, should climb higher into the close...
I have to fess up...I sold a lot of shares to the big buyer...but, have already started buying them back at less than 1/2 the price...! Would really be nice if these guys could get something going in the middle of this pandemic...after all they are a health care supply outfit!!... Cheers...
I see it a little different than that....SPY is climbing, but it lags the NAZ which is leading the way higher.
No good reason to buy except that with all the negativity out there it's not going down...what might happen when there is a glimmer of good news?
I agree...but don't think it will start to turn back down with any conviction until market sentiment turns up...ya know that herd mentality thing vs the machines.
Normally tanking oil would bring the market down...these are not normal markets...the machines know how many shorts are out there and are doing the Soylent Green thing...
Be careful not to confuse what the market IS doing with what you want it to do...SPY grinding thru the 50dma just like the NAZ did last week. The boyz are harvesting short positions...