Coronavirus Part II - Its arrived - We're Doomed!!! See OP for Mod warnings

gabeeg

I can't wait for this to turn into a banking crisis

Blueshoe

MarkY91 wrote: »

Could anyone tell me what this actually means? I don't understand stick markets but I know they're spiralling out of control over the virus.

Means f all in the grand scheme.

Blueshoe

drunkmonkey wrote: »

What charts are you reading? Microsoft won't come near Feb09 prices. Disney drops another $15 and I'm loading up on them.

What brokerage or application do you use?

drunkmonkey

seamus wrote: »

Yes, Ryanair's share price has only dropped 18.5% in the last week. The markets are clearly not worried at all...

They were a hell of a lot more worried about brexit back in August.

BanditLuke

Jesus Gordon Geko is spooked

BanditLuke

UK cobra meeting set for Monday according to Sky News over the impending crisis.

Will your man Robert Carlsye be there?

cnocbui

all about the mane wrote: »

Taking profits is a bit of a stretch. But would agree that it’s over hyped. It’s what the media do

Microsoft already down at last year’s prices
Disney down at 2018 levels

Nothing over-hyped about this at all. Airlines will go bust, travel companies will go bust, hotels, restaurants and all the companies that support these. There are 8 huge cruise liners being built at the moment, due for launch this year. Imagine the costs and jobs involved and the finance and borrowings involved, predicated on revenue streams when launched.

It's just kicking off. I have been watching with horror the upticks daily of those who don't get it buying the dips, thinking they are going to get incinerated in the following days.

pc7

BanditLuke wrote: »

UK cobra meeting set for Monday according to Sky News over the impending crisis.

Will your man Robert Carlsye be there?

You think they'd meet on a weekend if its urgent

the butcher

Let's remember that 2019 was a crappy year for the global economy. All it needed was an event to tip it over the edge. The coronavirus is that event. Recession 2020 will be coming down the tracks. They can try print all the QE money they want, I don't think it will stop it this time. Some countries already talking about helicopter money once this outbreak has ceased.

If cases start to pick up here, by the end of March we could have the likes of FF & FG (along with the Greens) spouting statements "emergency government in the national interest" citing the economic & health fallout from the coronavirus & brexit trade deal talks & a GRAND plan for housing/health/other election concerns...with a "green agenda" print all over it. In the meantime we shall continue to see the song and dance between FF/FG on government formation.

Dr John Campbell most recent video is excellent, no nonsense information. He stresses that the death rate for coronavirus (obviously) depends on the countries ability to provide healthcare. We've been told by many Irish doctors we have no ability to provide care for this outbreak....we shall wait and see now, we know our official will not go down the "drastic" measures route, we will hand out leaflets at the airport and continue our wack-a-mole reactive approach.

drunkmonkey

Blueshoe wrote: »

What brokerage or application do you use?

Degiro, I'm very tempted for more Disney.

ardinn

cnocbui wrote: »

I have been watching with horror the upticks daily of those who don't get it buying the dips, thinking they are going to get incinerated in the following days.

Huh?

Can you post that in english, and with a link to some stocks for quick cash.

Thanks

odyssey06

Don't panic! Nobody told the stock markets...

Now we have the economy as well as the health risks to be worried about

gabeeg

cnocbui wrote: »

Nothing over-hyped about this at all. Airlines will go bust, travel companies will go bust, hotels, restaurants and all the companies that support these. There are 8 huge cruise liners being built at the moment, due for launch this year. Imagine the costs and jobs involved and the finance and borrowings involved, predicated on revenue streams when launched.

It's just kicking off. I have been watching with horror the upticks daily of those who don't get it buying the dips, thinking they are going to get incinerated in the following days.

drunkmonkey wrote: »

Degiro, I'm very tempted for more Disney.

dan786

Finally. Moving in right direction although they are a bit slow..

https://twitter.com/BNODesk/status/1233413464208691200

gabeeg

dan786 wrote: »

Finally.

https://twitter.com/BNODesk/status/1233413464208691200

What's next - very, very high?

Kermit.de.frog

But Trump said...

Update (1014ET): Acting White House Chief of Staff Mick Mulvaney acknowledged on Friday that the coronavirus outbreak is likely to disrupt everyday life in the US

pc7

gabeeg wrote: »

What's next - very, very high?

No, according to BNO Newroom that is its highest level.

Runaways

Runaways wrote: »

In a heap. Not even kidding. Waiting for a call back from a doctor from the HSE number. They said within 24 hours so about 4 to go I think

Tweet HSE etc, usually evokes a response from authorities/companies.

Kermit.de.frog

https://twitter.com/onlyyoontv/status/1233351969881776134

the butcher

https://www.nytimes.com/2020/02/28/sunday-review/coronavirus-quarantine.html?referringSource=articleShare

In 1918 and 1919, as the Spanish influenza swept across the country in waves, various cities reacted in their own ways.

Cities like St. Louis that reacted quickly — canceling parades and ball games, shutting schools, transit systems and government offices, ordering the sick to stay home — ultimately had fewer deaths.

In cities like Philadelphia and Pittsburgh, which were paralyzed by political feuds or pressure from local businesses to avoid shutdowns, many more ultimately died.

stephenjmcd

dan786 wrote: »

Finally. Moving in right direction although they are a bit slow..

https://twitter.com/BNODesk/status/1233413464208691200

Doesn't make a difference. Wont change the health authorities approach. They've been saying the same thing about risk today that they said last week

wadacrack

Iran with only 338 cases , maybe that was accurate a month ago


https://twitter.com/WHO/status/1233412439368138752

McGiver

seamus wrote: »

Reducing our dependence on cheap Chinese labour is something we should be doing anyway to reduce emissions.

But something like this might at least bring it into focus that concentrating a huge portion of global manufacturing into one region of the planet is not a wise strategy.

Chinese labour ain't cheap anymore. They just have a huge manufacturing capability like no one else and can supply global demand with it.

For cheap labour you go to Vietnam, Bangladesh, Cambodia (watch the labels) nowadays. And Africa will be next (if they can stop tribal warfare).

cnocbui

ardinn wrote: »

Huh?

Can you post that in english, and with a link to some stocks for quick cash.

Thanks

People have clearly been buying stocks, thinking they have become cheap, during each day's fall. This is called buying the dip. It's done in the hope the panic has ended and the price will now rise, but they have misjudged it badly and prices have continued to fall so they have gotten burned.

Sorry, no tips from me, it's all down hill I think for some time.

tillyfilly

5 trillion notional dollars wiped off the Dow Jones this week :-(

the butcher

the butcher wrote: »

https://www.nytimes.com/2020/02/28/sunday-review/coronavirus-quarantine.html?referringSource=articleShare

Worth the graph mention along with this.

Tippex

I am surprise Formula 1 hasn't been pulling the plug left right and Centre. I know China is pulled but the first few races really much be in jeopardy now.

tara73

the butcher wrote: »

Let's remember that 2019 was a crappy year for the global economy. All it needed was an event to tip it over the edge. The coronavirus is that event. Recession 2020 will be coming down the tracks. They can try print all the QE money they want, I don't think it will stop it this time. Some countries already talking about helicopter money once this outbreak has ceased.

what is helicopter money???

Cody montana

gabeeg wrote: »

What's next - very, very high?

Munchies and bed.

Call Me Jimmy

From the WHO Report "Remarkably, more than 40,000 HCW (Health Care Workers) have been deployed from other areas of China to support the responsein Wuhan."

Yes, 40,000. I had thought it was around 2 - 5,000