Coronavirus Stock Market buy off.

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This is just an opinion by you. You have no idea why the market is going up or down by what Trump states. I will agree about the uncertainty , but whatever Trump says or doesn't say , there will be uncertainty..
Were you amongst the many calling Trump a liar with the other projects to bring him down ?

When he spoke on Friday the market was actually going down. When other spoke it went up. That is a fact...I was watching with the ticker next to the press conference. My opinion is that Trump cant ever say he is wrong and constantly lies. This is not the time to hide and it is the time to stand up and tell the truth. Not doing so will only make things worse. If you think lying to the American people will help then we definitely have a different opinion..

This thread is about the market. If you read the thread....in terms of the market....my predictions have been as good as anyone.

If it were sports picks in the NFL there would be all kinds of people in hear giving kudos and asking for the next pick.
 

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So say this virus cools off in the summer down almost no more cases, what happens to the markets then? Recession or do we get some if it back?
 

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So say this virus cools off in the summer down almost no more cases, what happens to the markets then? Recession or do we get some if it back?

Shrug...Range of outcomes is a real thing and anyone that thinks they know the answer would need to humble themselves IMO.

I'd guess we come out of it somewhat OK but with some major scars as far as an increasingly worse fiscal/monetary situation.

I will say this, that would be somewhat of a big triumph for keynesian economics if this is just a distant memory by June (even though that is a big reason we're so fragile in the first place, but I digress...)
 

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So say this virus cools off in the summer down almost no more cases, what happens to the markets then? Recession or do we get some if it back?

There is no evidence that like the flu which naturally ends as the temperature goes up that this virus will naturally start to die off. All data that I have read seems to show evidence that the ability to contain the virus is difficult.

One of the worse things that you could be carrying the virus and have no symptoms. Because of this you go about your daily life and spread the virus to more people. The study showed those with no symptoms have a higher concentration of the virus and could spread it more easily than someone who has symptoms. That is not good.

The fact that Steve Mnunchin was on national talk shows this morning stating that he didn't think there would be a recession is almost laughable.

I think some of the ideas of where to go once you decide to go back: smartmoney made a good point of buying stocks with lots cash....they will purchase their own stocks with the cash and it will drive it up, as boring as utility companies are they aren't going anywhere (I owned CNP they have natural gas customers in our area and they were at $28 and I sold at $25. I commented to some friends that it is at $14 and their dividend at that price would be over 7%. The were up in overnight trading 4.76%. Big name companies that aren't going away and have been beat up more than average like Boeing will be something I will buy. Staying away from high debt companies like Tesla (which I have never been high on....dont want to trust my money with Elon....another crazy guy that thinks he can tweet and do whatever he wants).
 

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I got a feeling farmland in Wyoming/Montana/Idaho probably catches a nice bid when this fiasco is over.

Can you detatch from grid w/ solar there?

We may need to start an apocalypse bunker thread
 

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Africa, and South America have lower cases so far, and I just saw breaking news in South Korea that they now have more recoveries in a day than new cases, that is really good news.
 

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I got a feeling farmland in Wyoming/Montana/Idaho probably catches a nice bid when this fiasco is over.

Can you detatch from grid w/ solar there?

We may need to start an apocalypse bunker thread

can you imagine when a real apocalypse happens!!!! Based on this “call it what you will” mess
 

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Northern Star, I know you deal with the solar. How feasible would it be for some regular folk to go off grid in a situation like this? Obviously storage is not there yet.

This country may have 330m people but a ton of them are in like 50 cities, there is a lot of remote area to self isolate.
 

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we haven't hit bottom yet. in 2007/2008 recession, fes cut the rates to zero on dec 16, 2008 with a 787 billion stimulus package. dow jones hit rock bottom 3 months later on march 6.
 

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Africa, and South America have lower cases so far, and I just saw breaking news in South Korea that they now have more recoveries in a day than new cases, that is really good news.

S. Korea locked down that apartment complex as soon as the outbreak started, and it's still spreading to other 8000+ ppl.

We can't do what they do over here. The virus is circulating in the US population for weeks. If NY goes Wuhan style outbreak - it will break NY healthcare system. The state has 3000 ICU beds and 80% is occupied - 600 beds are avail. Cuomo is asking Trump to bring in Marine Corp Engineer to help convert some of the old buildings into make-shift hospital to prep for this looming crisis - his request seems to fall on deaf ears.
 

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Africa, and South America have lower cases so far, and I just saw breaking news in South Korea that they now have more recoveries in a day than new cases, that is really good news.

South Korea is good news - Africa and South America are just lagging because they don’t get the travel that Europe and we do - it’s coming there in time
 

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Northern Star, I know you deal with the solar. How feasible would it be for some regular folk to go off grid in a situation like this? Obviously storage is not there yet.

This country may have 330m people but a ton of them are in like 50 cities, there is a lot of remote area to self isolate.

Patsfan to answer your question. Where you are determines how easy it is to go off grid. The technology is already available. The problem is the output looks like a bell shaped curve for Minnesota or Boston. If your load was the exact same every month for example then you have to design a system for your worst month. That is probably going to be December or January when the days are the shortest. You would in effect need to build an array that produces 3 times the total amount of power than you use just to account for the lower production December, January and February. We only produce 15% of the total power.

People call all the time wanting to go off grid or they are building a new house and the electric company wants $40,000 to bring power back to their house. Not one has ever gone off grid. I have done off grid systems on islands on Rainy Lake or Lake of the Woods where there is no power. They usually used just in the summer and even they will install: solar, batteries and a back up generator in case their is not enough sun for a period while they are at their cabin.

If you were in a location like Arizona or Texas I would think it would not be that impractical.

I saw someone on TV today that study past outbreaks like we are experience and the thing he said that struck me is how poorly people treat others in the case of an emergency. Those with wealth will use their money to get supplies and things they want while those that are not as fortunate will not fair as well. Kind of sad.

We are not going to have our cleaning lady come for a period of time. She needs the money to live on and losing that income would be an added hardship for her and her two kids.

We are just going to pay her even though she won't be cleaning.
 

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South Korea is good news - Africa and South America are just lagging because they don’t get the travel that Europe and we do - it’s coming there in time

Maybe, but there is evidence that corona family viruses don't fair well in warmer weather. The Spanish Flu which killed 50 million died down in the summer months. Doesn't mean that this one will but what evidence do we have to the contrary?
 

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S. Korea locked down that apartment complex as soon as the outbreak started, and it's still spreading to other 8000+ ppl.

We can't do what they do over here. The virus is circulating in the US population for weeks. If NY goes Wuhan style outbreak - it will break NY healthcare system. The state has 3000 ICU beds and 80% is occupied - 600 beds are avail. Cuomo is asking Trump to bring in Marine Corp Engineer to help convert some of the old buildings into make-shift hospital to prep for this looming crisis - his request seems to fall on deaf ears.

Snoop a voice of reason. Thanks for your contributions!!!

It is nice to hear other peoples opinions. Same to Patsfan and a few others in this thread.

Give their opinions and trying to keep some of the other crap out of the thread.
 

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Maybe, but there is evidence that corona family viruses don't fair well in warmer weather. The Spanish Flu which killed 50 million died down in the summer months. Doesn't mean that this one will but what evidence do we have to the contrary?

That is still an unknown since it is a different strain plus we have no built up immunity. If it does you better move to Las Vegas where it will be warmer than Reno.
 

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Gold is down 1.3% while Silver is down 10.3%. Is that cause Silver is also an industrial metal?
 

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Very nice day for miners....Deflation death spiral everything is gonna get killed, gold proves its safe haven status when the market re-flates. I think we're gonna monetize about 10 trillion dollars before this is all said and done. If that doesn't get gold to 2k then nothing will short of WW3.

If you look at sectors today, the market following a much more normal pattern of risk off....The FAANGs, the high beta stuff selling off harder and the staples/divi stocks doing a little better.....The last 3 weeks weren't like that. Big tech outperformed.

Romney calling for UBI of 1k per month, seems kinda stupid as the goal should be getting money to those that were effected in crisis.

Plunge Protection Team better get creative.
 

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Guessing Trump won't be signing any autographs for Lou Dobbs with today's chart as the background. Dude could learn a little humility regardless of your political beliefs.
 

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Guessing Trump won't be signing any autographs for Lou Dobbs with today's chart as the background. Dude could learn a little humility regardless of your political beliefs.

well if he has any leftover charts from yesterday he can just turn it upside down . Save a tree .
 

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