I grew my capital from 75k to just over 125k in a 4 year period with some long term stocks only to see all that gain and more washed away in a matter of 1 month due to corona. At this point, i am going to hold and hope the virus goes away and the stocks rebound. I am serious considering putting aside some capital on something that will be free of these crashes after reading the stock market vs sports betting article at bettingresource.com This line caught my attention "...The biggest advantage for sports bettors is that their performance is recession proof since it solely depends on their ability to handicap the game and find edge. That means the capital will be unaffected from stock market crash and can still bring in steady income during poor economic periods." Does anyone here do sports betting?
A whole generation of investors are learning what a market downturn really is! We dont see this action very often, but it happens every once in a while.
whelp, as if things couldn't get any worse for yours truly, it does. just learned earlier this morning that my aunt in cali has possibly tested positive for COVID-19. unreal. this news really hit home for my family and myself in a big way. going to get an update on her health a little later tonight. will try to post updates in here if i can.
Again hope your aunt will get well soon Cy. Take care everyone here, please don’t underestimate this virus, I still see too many people not taking it seriously at all. It might not be super deadly, but it is definitely contagious
^^ this 1000% and i just felt like quoting this and especially the part where i've bold. still holding out hope for some better news soon...summer could not come soon enough.
Coronavirus live updates: NCAA Tournament games will be played without fans; Warriors to play in empty arena https://www.cbssports.com/general/n...ut-fans-warriors-to-play-in-empty-arena/live/
They better start shutting down schools asap. If they wait until kids start getting infected, its too late.
They started closing schools and universities here. There's the result (combined with a first real hot day):
I earlier today saw this analysis of the virus that I think might inform some of the discussion on the forums on this site. The full piece is copied in below, with selected items I emphasized with boldface for those who would like to do a quicker read through. COVID-19: Why I’m Very Concerned — Despite what should have been ample warning, the U.S. may get blindsided by Martin Makary MD, MPH March 9, 2020 While it’s well known that China and Iran have under-reported their COVID-19 statistics, Italy has been fully transparent. What we are learning is very concerning. The Lombardy province alone has experienced a surge in deaths due to the coronavirus— from 20 to 66 deaths in just one day. Analyzing data for the country as a whole, new diagnoses and deaths are doubling every few days. At this rate, Italy’s entire healthcare system will be overwhelmed by next week. Remember that two weeks ago, Italy had reported seven deaths. Italy is a preview of what we may see in the U.S. very soon. In a recent statement, the American Hospital Association projects strain on U.S. hospitals and is requesting congressional funding for new hospital construction and increased housing for patients. Doing the math, the U.S. currently has approximately 100,000 ICU beds with most hospitals already functioning at full or near-full capacity. According to the Johns Hopkins Center for Health Security, 200,000 to as many as 2.9 million patients could present to U.S. hospitals with coronavirus. It’s time we increase the capacity of our medical centers before the infection ramps up. Wuhan was overrun even with 19 field hospitals set up for the pandemic. Healthcare workers are at the highest risk of getting infected, not only representing a risk to our lives but a strain to our capacity to care for the tsunami of patients expected. U.S. hospitals and health professionals are on track to soon be overrun with patients, following the pattern of hospitals overseas who describe rationing respiratory support. Within weeks, U.S. hospitals may be significantly under-resourced and deal with major staffing shortages. Washington State is already scrambling to hire hundreds of travel nurses to help staff the influx of infected patients. If the virus stays on its current trajectory, what happened in Wuhan will happen in the U.S. There is no strong scientific argument to suggest otherwise. While we all hope the virus demonstrates an unexpected heat-sensitivity or mutates to a less virulent form, the virus has, so far, followed a highly predictable course. That path was mapped out over 3 week ago by Marc Lipsitch, PhD, of the Harvard T.H. Chan School of Public Health. Despite his dire warning that 40%-70% of the population could be infected, little was done to prepare for the pending crisis beyond standard handwashing and coughing instructions — a routine done every flu season. We need to mobilize quickly. In a national survey of 6,500 nurses in 48 states released last week, 63% of nurses report that they do not have access to N95 respirators in their units and many said they haven't been fitted or trained on how to properly use them. At the same time, first responders are underprepared and most have not been given the protective gear they need to treat infected patients. Unfortunately, we live in an era of people spouting opinions on social media and cable news with no knowledge of a topic. TV pundits with no knowledge of virology, public health, or pandemic history are crowding out medical experts. Twitter, which promotes shouting over listening, is also loaded with comments ignorant the to the data. News networks should push aside legacy political commentators and put infectious diseases physicians on the air to warn the public about the pandemic. Now more than ever, physicians need to speak up about the pending health crisis in the U.S. Arguments about the exact case fatality rate (CFR) have become a distraction from the real issue at hand — preparedness. While it’s a worthy exercise to determine if CFR estimates are including mild or asymptomatic patients in the denominator, it does not change our need to prepare or how we treat individual patients. Data from Italy suggests the CFR may be as high as 3%-4%. Adding an assumption that roughly half of people with mild or no symptoms were not tested, it may be closer to 1.5%-2%, just below that of the 1918 Spanish flu pandemic which killed 30 million people. The Diamond Princess ship was a controlled case study: 705 people tested positive for the virus, and seven died, suggesting a 1% CFR, albeit a slightly older skewed population. Regardless of where the true CFR is between 1% and 3.4% as the WHO is reporting, this is, at best, at least 10 times worse than a bad flu season and at worst, a pandemic that could claim millions of American lives. Further hindering public health efforts, the concept of American exceptionalism has morphed into a societal arrogance that somehow the immune systems of Americans are stronger than those of the Chinese. And even though other countries have enacted very strict quarantine practices, including martial law and a shutdown of schools, there is a misleading perception that the U.S. would have less community transmission because of a better health care system and better hygiene. Another barrier has been the exaggerated notion that COVID-19 is only a danger to old people and that young people are entirely resilient. Italy has now quarantined approximately 60 million people, and closed all nightclubs, gyms, and sporting events. I respect NIAID Director Anthony Fauci and admired his leadership as a clinical voice of reason amidst of our AIDS, SARS, and Ebola epidemics, but I’m concerned he has not yet introduced contingency plans for any of these major preventive measures. Instead, he is re-iterating a popular view that there is a lot we don’t know and that anything is possible. His only strong warning has been directed at to those considering cruise ship travel. Based on the current trajectory of the pandemic, all U.S. schools are at risk and may need to be closed, public gatherings like NCAA tournament games may need to be postponed, businesses should have their employees work from home whenever possible, and hospitals should staff up. I don’t like it, but that’s what the data are telling us to do. At the current rate of spread, we can expect members of Congress, and even presidential candidates, to be infected with the virus within 6-8 weeks. In fact, President Xi Jinping of China has not been seen in public for weeks, and many of Iran’s leaders have the infection. Already, U.S. Sen. Ted Cruz and several House members have announced they will self-quarantine after shaking hands with an infected individual. Many more are likely infected but a we have been using a false pretense that confirmed cases are the only cases out there, despite that fact that testing has been extremely limited at best. It’s time we dispel the notion that this virus is somehow contained. It is at large. The main talking points issued on this topic have been that we simply don’t know what this virus will do -- but COVID-19's course has already played out in other parts of the world. We just need to listen to data and put medical experts out in front of this instead of broadcasting opinions. We need to plan for the worst and hope for the best. Considering the implications for public health, and particularly for our older patients and those with underlying risk factors, we should act swiftly on the data rather than risk a delayed response we might regret. Marty Makary, MD, MPH, is MedPage Today’s Editor-in-Chief as well as professor of health policy & management at the Johns Hopkins Bloomberg School of Public Health and professor of surgery at Johns Hopkins University School of Medicine.
Next 30 days no europeans, except brits (who arent really europeans...), can fly USA. Gil sorry cant go this time to our annual dinner ...
4 000 000 cars and trucks travel every year trough the channel from Europe towards England and vice versa. Millions of British people are working/living in Europe.... Wish you a lot of luck if you believe that British are not Europeans.
well, some great news to share with y'alls and really relieving news at that -- looks like i may have jumped the gun just a tad bit here! got word from my old man that my aunt's tests actually came out negative! phew! you guys probably know me by now though, i always tend to shoot first, ask questions later lol. so, def jumped the gun in a big way yesterday. but, wow, very relieved to hear that this was nothing more than just a seasonal flu. got a chance to talk to my aunt just a little while ago, and she is doing fine for the most part. case in point? nothing really to see here! carry on.
NHL suspends season due to coronavirus https://www.cnbc.com/2020/03/12/nhl-to-suspend-season-due-to-coronavirus.html MLS suspends 2020 season for 30 days due to coronavirus impact https://www.mlssoccer.com/post/2020...er-suspends-season-30-days-impact-coronavirus PGA Tour won’t allow fans for foreseeable future due to coronavirus https://www.cnbc.com/2020/03/12/pga...or-foreseeable-future-due-to-coronavirus.html Sports are getting affected for sure, but I guess it is the right thing to do to stop the virus from spreading
New York Gov. Cuomo bans gatherings of 500 or more amid coronavirus outbreak https://www.cnbc.com/2020/03/12/new...of-500-or-more-amid-coronavirus-outbreak.html
