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

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Comments

  • #5852
    MarkY91
    Registered Users, Registered Users 2 Posts: 7,071 ✭✭✭MarkY91


    Cody montana wrote: »
    Dow Jones down 950 points already!

    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.


  • #5853
    all about the mane
    Registered Users, Registered Users 2 Posts: 1,401 ✭✭✭all about the mane


    Cody montana wrote: »
    Dow Jones down 950 points already!

    Yeah, around 3%


  • #5854
    WoollyRedHat
    Registered Users, Registered Users 2 Posts: 10,462 ✭✭✭✭WoollyRedHat


    antodeco wrote: »
    Timbukaswell

    Timbukstopshere.


  • #5855
    Doctors room ghost
    Registered Users, Registered Users 2 Posts: 4,839 ✭✭✭Doctors room ghost


    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



    A big glass of tk red lemonade and a slice of dry cold toast and you’ll be flying it.
    The carona would bounce off you like bullets off superman


  • #5856
    4068ac1elhodqr
    Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    Cody montana wrote: »
    Dow Jones down 950 points already!
    Same type of pattern as yesterday (DJ had biggest day drop in history), and the other 5 days before that.

    German stocks are having a terrible time about -4% today, the DAX peaked at -5.2% midday which is just nasty.

    A global recession is more or less a given at this stage, good luck!


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  • #5857
    all about the mane
    Registered Users, Registered Users 2 Posts: 1,401 ✭✭✭all about the mane


    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.

    Traders are withdrawing funds as they see future reduced revenues from companies due to restrictions that may be in place.


  • #5858
    odyssey06
    Registered Users, Registered Users 2 Posts: 35,422 ✭✭✭✭odyssey06


    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.

    In points terms it's one of the greatest drops ever BUT the stock markets are up so high after years of growth that in % terms it's not so significant.

    As a trend indicator though it's not good, sign of economic pessimism.

    "To follow knowledge like a sinking star..." (Tennyson's Ulysses)



  • #5859
    all about the mane
    Registered Users, Registered Users 2 Posts: 1,401 ✭✭✭all about the mane


    Teresa Muscular Mimicry wrote: »
    Same type of pattern as yesterday (DJ had biggest day drop in history), and the other 5 days before that.

    Biggest points drop. Not actual drop


  • #5860
    Osborne
    Registered Users, Registered Users 2 Posts: 310 ✭✭Osborne


    drunkmonkey wrote: »
    I wouldn't feel too sorry for him, he's just back from Columbia, it's just a comedown with a sprinkle of paranoia.

    When are you revealing your sources and the name of the Hotel that was on "lock down" last night?


  • #5861
    ceadaoin.
    Registered Users, Registered Users 2 Posts: 8,623 ✭✭✭ceadaoin.


    odyssey06 wrote: »
    So is the rationale that they are effective, but need to be rationed... or that they aren't effective at preventing someone e.g. travelling on mass transit from getting infected?

    Its that the average joe doesn't know how to fit them correctly or remove them without contamination so therefore they are little to no use


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  • #5862
    dan786
    Registered Users, Registered Users 2 Posts: 3,341 ✭✭✭dan786


    One more:

    https://twitter.com/BNODesk/status/1233408075501051909?s=20


  • #5863
    MarkY91
    Registered Users, Registered Users 2 Posts: 7,071 ✭✭✭MarkY91


    Thanks guys.

    Very interesting times to be honest. Absolutely can't stop reading this thread and checking the news. The entire planet is involved yet so many people are laughing it off that it's just a flu and they don't care if/when a case is confirmed in ROI.


  • #5864
    drunkmonkey
    Registered Users, Registered Users 2 Posts: 29,027 ✭✭✭✭drunkmonkey


    all about the mane wrote: »
    Traders are withdrawing funds as they see future reduced revenues from companies due to restrictions that may be in place.

    Traders are taking profit after an astonishing bull run, which is still a bull run even though it's down. Retail investors are in for a kicking in shakey overvalued shares like Tesla. You won't be picking up the Microsoft or Disney's of the world at last year's prices anytime soon. Ryanair is even in the green today, that signals to me this thing is a little over hyped as if it was all doom Ryanair would be in the bin.


  • #5865
    Sierra Oscar
    Moderators, Category Moderators, Computer Games Moderators, Society & Culture Moderators Posts: 8,666 CMod ✭✭✭✭Sierra Oscar


    all about the mane wrote: »
    Biggest points drop. Not actual drop

    Still a 3.5% drop. Stock market could be down by 15% for the week by the close of business today.

    The economic impact of this is profound. Although anyone watching this closely for the last couple of months already know this considering we have seen first hand how it has literally shutdown the Chinese economy.


  • #5866
    drunkmonkey
    Registered Users, Registered Users 2 Posts: 29,027 ✭✭✭✭drunkmonkey


    Osborne wrote: »
    When are you revealing your sources and the name of the Hotel that was on "lock down" last night?

    It was the same source as everyone else, the comedian of garda in Dublin.


  • #5867
    YFlyer
    Registered Users, Registered Users 2 Posts: 9,717 ✭✭✭YFlyer


    Cody montana wrote: »
    Dow Jones down 950 points already!

    Brokers want to head off at noon for the weekend.


  • #5868
    gabeeg
    Registered Users, Registered Users 2 Posts: 1,591 ✭✭✭gabeeg


    dan786 wrote: »
    One more:

    https://twitter.com/BNODesk/status/1233408075501051909?s=20

    Tracking closer to Greenland.

    Madagascar is next


  • #5869
    pc7
    Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 14,274 Mod ✭✭✭✭pc7


    dan786 wrote: »
    One more:

    https://twitter.com/BNODesk/status/1233408075501051909?s=20


    Was it an Italian!


  • #5870
    BanditLuke
    Registered Users, Registered Users 2 Posts: 2,600 ✭✭✭BanditLuke


    https://www.bbc.com/news/business-51639654

    Wow. Dropping like a rock in a pond


  • #5871
    all about the mane
    Registered Users, Registered Users 2 Posts: 1,401 ✭✭✭all about the mane


    drunkmonkey wrote: »
    Traders are taking profit after an astonishing bull run, which is still a bull run even though it's down. Retail investors are in for a kicking in shakey overvalued shares like Tesla. You won't be picking up the Microsoft or Disney's of the world at last year's prices anytime soon. Ryanair is even in the green today, that signals to me this thing is a little over hyped as if it was all doom Ryanair would be in the bin.

    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


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  • #5872
    seamus
    Registered Users, Registered Users 2 Posts: 68,190 ✭✭✭✭seamus


    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.

    At a base level, the stock market tracks the prices of individual shares in companies.

    If people believe that a company is going to make lots of profits, its shares become more valuable. If people think it's going to make a loss, its sgare price drops.

    Because there are a lot of companies and lots of shares to keep track of, there are a number of "indexes". These use a calculation to determine how a certain subset of shares are doing. So rather than having to look at all of the shares yourself to see how the market in general is going, you can look at an index instead, which gives you a single figure.

    The Dow Jones is one of these indexes, considered to be the bellweather for the US stock markets. Consistent increases in the Dow Jones says that investors are confident about the US economy and are buying shares in companies.
    Consistent drops tells you that people are not confident and are selling their shares in order to move their money into something safer.

    Stock markets are not strictly rational. They are incredibly vulnerable to panic, hype, and other forms of manipulation.

    The Dow Jones dropping by a thousand points in one day, says that a lot of people are worried about the future US economy. Dropping by a thousand points a day, every day for a week, says that there's a lot of concern that a large recession is imminent.

    Like I say, the markets though aren't rational. They can panic themselves into crashing. On day 1 & 2, the index drops because people are trying to protect their money.
    On day 3+, the index drops because people are scared by what just happened on days 1 & 2.

    In effect, you hit a spiral, and the index keeps dropping, because people are scared that the index is dropping.


  • #5873
    MD1990
    Registered Users, Registered Users 2 Posts: 11,740 ✭✭✭✭MD1990


    BanditLuke wrote: »
    https://www.bbc.com/news/business-51639654

    Wow. Dropping like a rock in a pond

    cant imagine how bad it will be if it spreads in the US like in Korea


  • #5874
    drunkmonkey
    Registered Users, Registered Users 2 Posts: 29,027 ✭✭✭✭drunkmonkey


    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

    Ryanair says it all. Markets aren't overly worried, Apple and a few more will take a pasting this quarter but an expected beat was already built into their prices.


  • #5875
    IQO
    Registered Users, Registered Users 2 Posts: 353 ✭✭IQO


    https://www.irishimmigration.ie/statement-by-the-department-of-justice-and-equality-citizenship-ceremonies-scheduled-for-the-2nd-and-3rd-of-march/

    Statement by the Department of Justice and Equality – Citizenship ceremonies scheduled for the 2nd and 3rd of March

    The Department of Justice and Equality wishes to advise that the Citizenship ceremonies scheduled for the 2nd and 3rd of March will proceed as planned. Candidates will be notified by email or telephone today of the following:

    Candidates and their guests who have returned from a COVID-19 affected region in the last 14 days or who have been in close contact with a confirmed or probable COVID-19 case in the last 14 days, and have symptoms (a cough, shortness of breath, breathing difficulties or fever) should isolate themselves at home and phone their GP without delay, and are requested not to attend the ceremony.

    The current list of COVID-19 affected regions is: Mainland China, Japan, Singapore, Hong Kong, South Korea, Iran and 4 regions in Northern Italy: Veneto, Lombardy, Emilia-Romagna, Piedmont

    To help limit the inconvenience caused, applicants are advised that alternative ceremony will be held on or before the 17th of April. Candidates who are availing of the alternative ceremony are asked to notify Citizenship regarding their intentions on or before 29th February. ”


  • #5876
    all about the mane
    Registered Users, Registered Users 2 Posts: 1,401 ✭✭✭all about the mane


    drunkmonkey wrote: »
    Ryanair says it all. Markets aren't overly worried, Apple and a few more will take a pasting this quarter but an expected beat was already built into their prices.

    And what about Disney and Microsoft? They are at, or well below your projection? (All this said, I’m still long a number of positions. And I’m overweight China)


  • #5877
    drunkmonkey
    Registered Users, Registered Users 2 Posts: 29,027 ✭✭✭✭drunkmonkey


    all about the mane wrote: »

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

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


  • #5878
    4068ac1elhodqr
    Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    The 'drop' applies to all major global markets, and the WHO still haven't (yet) called it a 'pandemic' (which it likely is), just an 'emergency'.
    The US still only has 60 or so cases, which isn't a huge number (so far), and the exact nature of the novel virus is still somewhat uncertain as of yet.

    064b3SU.png

    Know some very good people (fast track promotions etc) in the T&T industry, who have been told this week to take 3mths off.


  • #5879
    frash
    Registered Users, Registered Users 2 Posts: 2,612 ✭✭✭frash


    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

    Would you ring again?


  • #5880
    seamus
    Registered Users, Registered Users 2 Posts: 68,190 ✭✭✭✭seamus


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

    R8fdvw1.png


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  • #5881
    Fr_Dougal
    Registered Users, Registered Users 2 Posts: 9,166 ✭✭✭Fr_Dougal


    https://www.youtube.com/watch?v=YX0H3O_Uiec


    The WHO, live in concert


This discussion has been closed.
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