Swine flu mortality rate of 0.02%. Coronavirus is estimated at around 2.0%. That would make it as deadly as Spanish Flu in 1918.

What about this is offending you? I'm staying these levels to help you. If you think it's useless ignore it.
The blind bullishness is not helping either. Long bull markets markets make people complacent.

Things seemed to be lined up for a Black Thursday .

aggiedaniel06 said:

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What about this is offending you? I'm staying these levels to help you. If you think it's useless ignore it.
The blind bullishness is not helping either. Long bull markets markets make people complacent.

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I haven't seen any "blind bullishness". But saying "it's over" is quite a bit over the top, and annoying to many.

What is the limit down for futures? 5%? That's at about 2603.

so will restaurants shut down , grocery stores, where do you draw the line?

Prognightmare said:

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aggiedaniel06 said:

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What about this is offending you? I'm staying these levels to help you. If you think it's useless ignore it.
The blind bullishness is not helping either. Long bull markets markets make people complacent.

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It's not complacency, it's realism. This market isn't trading off of technicals and the reasons for this sell off don't hold a candle to the real threat to the markets that the mortgage securities posed in 07-08. This is manufactured hysteria and the amount of cash accumulating on the sidelines right now will make this a blip on the radar.

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Suggest you put some time into researching the debt bubble the Fed created and all its tentacles.

Strap in folks. Between this and the election uncertainty this is going to be a wild year. Don't think I will be buying until Oct/Nov.

Sooo, ride this out or move to cash?

The market doesnt need a vaccine to be approved, mass produced, and deployed. They just need an announcement of a promising vaccine is entering testing which will happen in less than a year. But before that, the news of mild cases far outstripping severe cases will calm nerves. Until then it's going to get bumpy. Bottom line is that the math is on our side, in terms of mortality rate having already peaked and quickly declining as detection increases exponentially.

claym711 said:

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Prognightmare said:

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aggiedaniel06 said:

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What about this is offending you? I'm staying these levels to help you. If you think it's useless ignore it.
The blind bullishness is not helping either. Long bull markets markets make people complacent.

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It's not complacency, it's realism. This market isn't trading off of technicals and the reasons for this sell off don't hold a candle to the real threat to the markets that the mortgage securities posed in 07-08. This is manufactured hysteria and the amount of cash accumulating on the sidelines right now will make this a blip on the radar.

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Suggest you put some time into researching the debt bubble the Fed created and all its tentacles.

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I don't doubt the debt bubble but this won't burst it.

So how would one set a buy order for ext am on SQQQ? I can't get TDA to let me do it. I realize it's going to spike so I'm setting the limit high but it's saying it's too high and rejecting the order

Yes, also smoking is a big factor since it attacks the lungs. In that video that I posted, the dr said one factor however that we have here that could lead to worse conditions is obesity.

Also the heat factor is one thing I've seen conflicting info on? Would be great if it would work to stop it.

We are below bull trend line support at this point. This is a bear market IMO. I just don't see a rally happening. This 2600-2700 level was a big deal.

jamaggie06 said:

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You dont get the paranoia? You literally just posted it.

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Maybe google the definition of the word?

Saw this suggestion elsewhere, but Zillow is probably a good Put candidate.

Their home flipping model wasn't built to withstand a economic decline, they'll have to hold these houses on their books until they can sell them. Maybe Late April or May puts.

Most of the medical experts comments on the heat and humidity they are hedging by implying that it will have the expected seasonal effect, then followed by a comment that it remains unknown.
They are turning into economists.

Still too early to be sure. We'll know for sure in the next couple of days.

TV Casualty said:

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Why is the coronavirus so much different than the swine flu? The swine flu infected 60 million people and 12,000 died in the U.S.

We didn't have a vaccine for the swine flu then and the whole world didn't freak out to this extent.

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As of yesterday I would have said this is hyperbole and media sensationalism. Given the event cancellations and travel restrictions it's a little harder to make the case after today.

This evening I spoke with my roommate from A&M who has five or six medical degrees - he's dead set "this is the big one." The best data on mortality rate is apparently out of S. Korea, and is about 0.6%. The thing about that, though, is it's heavily right skewed. If you're under 40 there's a (relatively) tiny chance an infection leads to death, on par with normal flu, but it exponentially increases by decade to nearly 15% for 80+.

The mortality rate is apparently a lot lower than past viral events (SARS, Swine flu), but transmission rate is a lot higher. I haven't found the article, but he said Germany expects 60-70% of their population to contract it, and a month ago the CDC projected the 40-60% of the US population would contract it. Not all at once, since it will probably go dormant over the summer, but will ramp back up in the fall.

Also said that it's minimum 12-18 months before a vaccine is commercially viable and anyone else saying different is lying.

Take it as hysteria or whatever, but a lot of moneyed events and interests have clamped down hard in reaction to this thing.