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Everything posted by bostonangler

  1. You're not looking at the percentage, just total numbers.... Based on total numbers, the Flu kills .1% of those affected. As of now, CoronaVirus is killing people at 2%... That's 20 times more deadly... These are early numbers based on the last month or so, so in reality we all need to wait for a bit to see how the numbers skew. JMHO B/A
  2. I concur.... I think it is best to see what the experts say and not the politicians, or the CDB sellers... B/A
  3. Pandemic is defined as being on every continent. You mean epidemic. B/A
  4. Starr whose blaming Trump? He's the saying it has to do with politics... That's just asinine.... This is about economics... Nearly everything in your house has something from China... Your TV, phone, computer, alarm clock, prescription drugs... Those factories have been closed for weeks... Supply and demand. The demand is still there but supply is dwindling... B/A
  5. Sorry, Starr but this isn't funny and not political... I could care less about the politics... Now is the time to be proactive, not reactionary. B/A
  6. True, but I'm betting my life on doctors and scientists... Not a business man.... B/A
  7. Good luck on your trades.... I hope you are right about the RV... B/A
  8. Reuters Health and Human Services Secretary Alex Azar on Wednesday declined to promise that a coronavirus vaccine would be affordable for all Americans, sparking outrage from Democrats. "We would want to ensure that we work to make it affordable, but we can't control that price because we need the private sector to invest," Azar told members of Congress. On Monday, the president asked Congress for $2.5 billion in funding to fight the coronavirus — more than $1 billion of that funding will be designated for vaccine development. Democratic leadership criticized the president's request as "anemic" and inadequate. Visit Business Insider's homepage for more stories. Health and Human Services Secretary Alex Azar on Wednesday declined to promise that a coronavirus vaccine would be affordable for all Americans. "We would want to ensure that we work to make it affordable, but we can't control that price because we need the private sector to invest," Azar told members of Congress during a hearing concerning the coronavirus outbreak and the administration's budget request. "Price controls won't get us there." Democrats and other critics quickly condemned Azar. "Secretary Azar is refusing to promise that a Coronavirus vaccine will be affordable to every American. Kick them out of office," Sen. Brian Schatz, a Hawaii Democrat, tweeted Wednesday evening. The progressive group Center for American Progress tweeted, "This is a global health crisis, and everyone should have the right to medication that will help protect them from this virus." While government and private researchers around the world are working quickly to develop a vaccine for the virus, it is estimated any vaccine is still several months away. The best preventative measure is regular thorough handwashing. On Monday, the president asked Congress for $2.5 billion in funding to fight the coronavirus — more than $1 billion of that funding will be designated for vaccine development. Democratic leadership criticized the president's request as "anemic" and inadequate. As of Wednesday, the US has confirmed 60 cases of the novel coronavirus that originated in the central Chinese city of Wuhan. The virus causes a disease known as COVID-19, which has killed nearly 2,800 people and infected more than 81,000 since December. The vast majority of cases and deaths have been in China. The US Centers for Disease Control and Prevention has confirmed cases in six states: Arizona, California, Illinois, Massachusetts, Washington, and Wisconsin. Officials have recorded two cases of human-to-human transmission among family members. At least we'll have a wall. B/A
  9. Check BCLI... I bought at $4... They have had some really good news lately. B/A
  10. No asset class appears to be safe amid the current global market rout. And while it goes without saying that people are losing money, the phenomenon may underscore something far more ominous. “For the last few weeks, while we've had this volatility, you've had stocks zig while bonds zag. So every time stocks went up, bonds tailed off and vice-versa,” Academy Securities’ Peter Tchir said on Yahoo Finance’s The Final Round. “All of a sudden, that behavior changed a little bit into the close yesterday. And making it even more dangerous to me, you saw oil fall off into the close. Commodities were selling off. Even Bitcoin was selling off into the close.” Typically when uncertainty spikes in financial markets, traders and investors will rotate out of risky assets like stocks and into ‘safe haven’ assets like bonds or perhaps gold. When this happens, risky asset prices go down and safer asset prices go up. But when market participants are panicking, they begin to cash out of everything. And that can lead to even more panic. In a note to his clients titled “Did Someone Hit the ‘Sell Everything’ Button?,” Tchir wrote that “While increases in volatility are concerning for market participants, changes in correlations, while more esoteric are far more dangerous. Changes in correlation can affect portfolio level volatility far more dramatically than a simple increase in volatility across asset classes (sounds wonky, but this is important).“ The U.S. services sector is at risk While panic selling is often characterized by the indiscriminate dumping of assets with little regard to fundamentals (like the supply and demand for goods and services), Tchir notes that there may be something real to justify what’s happening in world markets as the spread of the coronavirus (COVID-19) affects consumer behavior. “I'm really focused on the tourism angle,” Tchir said to Yahoo Finance. “China has become a huge consumer of tourism. The Chinese spend more money outside of China than any other country spends on foreign travel. I think that's part of the reason we had very weak service data last week. And that service data, to me, has been really important.” An electronic display board showing a precautionary notice of the coronavirus at a deserted upscale shopping mall in Beijing. (AP Photo/Andy Wong) Tchir was pointing to last Friday’s IHS Markit Flash U.S. Composite PMI report, which suggested that U.S. services activity was at a 76-month low. This is critical because services eclipses manufacturing in the U.S. economy. “For the past few years, every time we get a hiccup we can argue, ‘Well, we're not a manufacturing economy, we're now a service economy,’” Tchir said. “If services go, that is very problematic. I think that's going to get hit very quickly by this slowdown in foreign travel from other countries.” Portfolio hedges are breaking down The Dow Jones Industrial Average (^DJI) has fallen a whopping 2,400 points since last Wednesday. For folks with diversified portfolios, the expectation is that some of the non-risky (e.g. non-equity) asset classes should provide some hedges. That’s not happening. And that could make things worse. “I think volatility has been elevated long enough that there is some selling pressure which is also changing correlations, causing more selling pressure,” Tchir wrote. “I expect portfolio volatility to increase as funds caught in the same trades create a vicious cycle of needing to sell everything, exactly when buyers of everything are being tentative. B/A
  11. Conservative radio host Rush Limbaugh, who told his listeners that alarmism about the coronavirus was a plot to bring down President Trump, has attacked the CDC official who warned Americans that the virus will inevitably spread in the U.S. “Dr. Nancy Messonnier of the Centers for Disease Control — which today warned it could be bad, it might be bad, don’t go to school and don’t go to work, stay at home and teleconference — is the sister of the former Deputy Attorney General Rod Rosenstein,” Limbaugh said on Tuesday’s program. Rosenstein, who resigned from the Justice Department last May, oversaw the investigation by special counsel Robert Mueller that President Trump sought to stop. Limbaugh explained why he believed Messonnier’s relationship to Rosenstein mattered: “It’s just in that town, I’m telling you, everything is incestuous. Most of that town is establishment-oriented or rooted, which means they despise Trump,” he said. Limbaugh received the Presidential Medal of Freedom from Trump at his State of the Union speech last month. On Monday, Limbaugh dismissed the danger presented by the coronavirus outbreak, which has so far killed over 2,700 people worldwide. “It looks like the coronavirus is being weaponized as yet another element to bring down Donald Trump,” Limbaugh said on his radio program. “Now, I have to tell you the truth about coronavirus. ... Yeah, I’m dead right on this. The coronavirus is the common cold, folks.” Rush Limbaugh and National Center for Immunization and Respiratory Diseases Director Nancy Messonnier. (Mario Tama/Getty Images, Samuel Corum/Getty Images) While the coronavirus first presents symptoms similar to those of the common cold — including headache, sore throat and fever — some infected with the virus develop difficulty breathing that can progress into life-threatening respiratory distress syndrome. “The drive-by media hype of this thing as a pandemic, as the Andromeda strain, as, ‘Oh my God, if you get it you’re dead,’ do you know what the — I think the survival rate is 98 percent. Ninety-eight percent of the people get the coronavirus and survive.” That figure appears to be correct, according to testimony in Congress Tuesday by the acting head of the Department of Homeland Security, Chad Wolf, but it might not be as reassuring as Limbaugh's comments implied. No one can predict how many Americans might contract the virus, but if it infects, say, 10 percent of the country, or 33 million people, a 2 percent mortality rate translates to 660,000 deaths. That is almost 10 times the number of Americans who died of opioid overdoses in 2017, about 70,000. In his testimony, Wolf said the 2 percent figure was roughly the same as the death rate from seasonal influenza. In fact, flu kills just 0.1 percent of patients, a rate one-20th as high. With fears rising of a pandemic of coronavirus, which in two months has quickly spread from China to South Korea, Europe and the Middle East, Trump plans to address the nation about the U.S. government’s response. So far there are only 59 cases of the coronavirus reported in the U.S., but the government has tested only 445 people, according to the CDC. The test itself has been found to be faulty, the Washington Post reported, leading health officials to state that the number of U.S. cases could be drastically underreported. Initially, however, Trump downplayed the threat of the virus to the U.S., and encouraged Americans to invest in the stock market, which suffered a massive sell-off on Monday and Tuesday. Idiots..... B/A
  12. Yup, Goldman Sachs, just put their forecast for the year and it isn't pretty... I don't short, but I know you do... You must have made some great trades this week. B/A
  13. 3,069.50 -40.75(-1.31%) Dow Futures 26,550.00 -364.00(-1.35%) Nasdaq Futures 8,711.75 -138.50(-1.56%)
  14. Strategists at Goldman Sachs just reminded investors why they are dumping stocks hand over fist right now. The coronavirus may wipe out corporate growth in 2020, perhaps completely. Goldman Sachs said Thursday in a note U.S. companies will generate no earnings growth in 2020. Underlying the call is Goldman’s view that the coronavirus is expected to spread around the globe and severely harm economic activity. For 2020, Goldman slashed its S&P 500 earnings estimate by $9 and expects no earnings growth. Looking out into 2021, Goldman now sees $8 less in S&P 500 earnings and a modest 6% growth rate. “Our reduced profit forecasts reflect the severe decline in Chinese economic activity in 1Q, lower end-demand for US exporters, disruption to the supply chain for many US firms, a slowdown in US economic activity, and elevated business uncertainty,” wrote Goldman strategist David Kostin. People wear protective masks in Kuwait City on February 27, 2020 amidst a world epidemic of cononavirus COVID-19. (Photo by YASSER AL-ZAYYAT / AFP) (Photo by YASSER AL-ZAYYAT/AFP via Getty Images) Kostin doesn’t top there in sounding the alarm bell on coronavirus, however. “A more severe pandemic could lead to a more prolonged disruption and a US recession,” Kostin said. Under a recessionary scenario, Kostin sees S&P 500 earnings dropping 13% this year. They would potentially rebound to 10% growth in 2021. Goldman recommends shifting one’s portfolio to more defensive equities. The investment bank raised its outlook on real estate to overweight from Neutral and utilities to Neutral from Underweight. Industrial equities are now rated Neutral, down from Overweight, while financials are at Underweight versus Neutral previously. B/A
  15. China reports rise in new coronavirus cases, warns of risk of rebound SHANGHAI/BEIJING (Reuters) - China reported 433 new cases of coronavirus infections on Feb. 26, the National Health Commission said on Thursday, up from 406 a day earlier, with a cluster of new cases in Beijing raising concerns about the management of employees returning to work. The total number of confirmed cases on mainland China has now reached 78,497, the Commission said, though the number of new deaths on Wednesday stood at 29, the lowest daily rate since Jan. 28. The outbreak has now killed a total of 2,744 people in China. Hubei, the central Chinese province at the epicenter of the outbreak, reported 409 new cases and 26 deaths on Wednesday. Beijing and the provinces of Heilongjiang and Henan were the locations of the other three fatalities. The number of new cases outside Hubei stood at 24, up from 5 on the previous day and reversing five days of declines. Ten of those were in Beijing. A statement published by the Comission on Thursday, citing a meeting held the previous day, said that the situation in Hubei province and Wuhan is "still complex and serious", and added that the risk of a rebound in infection in other regions should not be overlooked. Also, some coronavirus patients discharged from hospitals after recovery have been readmitted after testing positive again, health authorities said recently. A health official in southern Guangdong province told state media on Wednesday that 14% of patients discharged from hospital experienced a resurgence of the virus, although they had not infected any others they had been in close contact with. The number of new confirmed coronavirus cases in Beijing on Feb. 26 had jumped to 10 from zero the previous day. Pang Xinghuo, deputy head of Beijing Center of Disease Control, told a news briefing on Thursday that it was a cluster case. The new cases all stemmed from a property management agency in Beijing's Chaoyang district, and had either been working in the same office or sharing the same dormitory, Pang said. The case showed that companies were not putting in place adequate monitoring of staff during their 14-day quarantine period, Chen Bei, deputy secretary general of Beijing city government, told a briefing later on Thursday. It has also highlighted the risks of crowded dormitories and poorly ventilated basement housing often used for some workers. Chen said no more than six people should share basement dormitories, which should have windows. She also reiterated that people returning to Beijing must undergo a 14-day self quarantine before they're allowed to go back to work. Chinese authorities are also turning their attention to potential sources of infection from abroad, as the number of new cases outside China now exceed those domestically. The Shanghai government said it is trying to identify anyone who came into contact with a coronavirus patient who arrived in the city from Iran, another coronavirus hotspot. More than 40 countries and regions outside mainland China have reported infections. On Wednesday, cases were detected for the first time in Brazil, Pakistan, Norway, Greece, Romania and Algeria. The coronavirus has infected more than 80,000 people and killed nearly 2,800, the majority in China. A senior medical advisor in the Chinese government who won fame for combating the SARS epidemic in 2003 on Thursday said the original source of the coronavirus remains unclear. "Though the virus was first discovered in China, it may not have originated from China," said Zhong Nanshan, an 83-year-old epidemiologist. Zhong said he believes there are other wildlife species apart from the pangolin, which is suspected as the original source emerging from a seafood market in Wuhan that also sold wild animals, that carry coronavirus. Zhong said China would present a video report to the European Respiratory Society to share China's experience in addressing the virus outbreak. He again repeated an earlier forecast that the coronavirus outbreak in China will be contained by end-April after peaking in mid-to-late-February. B/A
  16. Sounds like a good excuse for another vacation.. B/A
  17. I find it funny that someone who supports the Electoral college would choose to use that term... Mark and his fellow Trump supporters don't seem to believe in one person, one vote as a final tabulation... JMHO B/A
  18. About .01.... A true penny stock.... LOL Several years ago I bought a bunch at about the same price and sold at .15.. It paid for my Harley. Right now I have about 50,000 shares at an average of .015.. So I'm down, but I do think it will bounce after they release their quarterlies. B/A
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