Today Market

Here are numbers in Europe. The US will probably follow a similar trajectory

Trump isn’t the only one who fucked up.

I’m an NHS doctor treating coronavirus – you have no idea how bad things could get

If we go the way of Italy, we’re going to run out of intensive care beds in two weeks

By now, most people have accepted – even the government has accepted – that coronavirus is going to put considerable pressure on our NHS. Yet as an NHS doctor currently caring for coronavirus patients, let me tell you: you have no idea how bad it’s going to get.

Without wanting to sound alarmist, the numbers are inescapable.

One week ago, we had 40 confirmed cases in the UK. We took no specific general measures other than to contain and trace the contact patients had had with others. Yesterday, we had over ten times that number of cases, and still apart from screening intensive care patients, our testing criteria have barely changed. We still aren’t testing community cases that clinically look like coronavirus if they haven’t travelled or had contact with confirmed cases. Hospital cases are only beginning to be tested this week, and only at the discretion of clinicians.

Until now, a suspected case was not allowed to be tested unless they had an obvious link to certain countries or infected patients. I’ve seen at least three people with severe disease who weren’t allowed to be tested, and heard of dozens more. This long-overdue policy change will soon be reflected – possibly as soon as the next 24-48 hours – in a big spike in case numbers.

For an idea of how quickly case numbers can explode, look to Italy. One week after it hit 320 cases, the country reported 2,036; a week later, nearly 10,000; next week that number will likely rise to 50,000 or more. There’s nothing I have seen that tells me the exact same thing isn’t coming for us in the UK. We only have around 4,000 intensive care unit (ICU) beds in England, 80% of which are already full. If we follow the same trajectory as Italy, with 10% of coronavirus patients needing ICU treatment, we will need 200 beds next week, 1,000 the week after. That’s already the entire ICU capacity. Every two days after that, we will need twice the number of beds again.

Experienced similar loss in 2009 but recovered by 2010 thanks :pray: to :apple: I see why you prefer RE over stocks, you are holding the wrong stock :hugs:

Stocks drop fast. RE loses take years.

You will hear from Trump

If cities are wiped off, that is end of world, you and me will not be here to blog !

Very likely Trump declares National Emergency, that is what speculated here, and take control, provide fundings…etc

https://www.cnn.com/2020/03/13/politics/donald-trump-emergency/index.html

I am in this camp. However, we do need vaccine for Covid-19 because it could be around for a long time bouncing between Northern Hemisphere and Southern Hemisphere. Our world now is very inter-connected.

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His last speech tanked the market. => Market going down is pre-decided. It is not his speech made the market, but market is already decided to go down and down.

Six months before one person spend $5000 on VIX calls (0.10 cents), and now he is holding multi-millions (How he knows?..It is pre-decided…).

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From Trumps point of view. All bad news today is a good strategy so that when he enters election phase, he is over with this or the bad news is normalized.

We need vaccines for medical reasons. We don’t need vaccines for markets to stabilize.

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It can happen after deep drop in prices so that big funds, such us many WBs, started buying the stocks at deep discount.

The market sell off is designed for that purpose !!

Buffet will negotiate his own preferred stock deals. That’ll probably be a sign we are at the bottom. Once he makes a major preferred stock deal.

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In his latest interview, he implied is not good enough :scream: Not as bad as 2008 yet!

Yahoo reports • Deaths from coronavirus have now topped 5,000, with more than 132,000 cases worldwide. Europe has been declared the new epicenter.

Where are those lofty numbers like 400K death coming from? Only 5000 death from coronavirus with world population of 7 Billion is a minuscule number. Someone is really trying to make a big deal out of this coronavirus scare. Who that person is (or the people are) ?

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Are you on margin?

Should you ask whether he is on drug?

Other people dying is no big deal? Perhaps unless that’s you or someone you love.

I am only echoing what I read. No value statement implied. The numbers of deaths are 5000 so for. Is so much hysteria warranted ?

Hate to keep looping back to what I have written so many times already. The key is that people think they may be the one to die. Because government has no leadership and there are no credible plans in place.

The key to stop a panic is to have people trust you. Until that trust is established panic will continue. Why is that so hard to understand? :thinking:

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It seems like you are trying to convince yourself versus accepting what is in front of you. Dangerous if you are on margin.

Nobody is but if you insist to find a scapegoat like a typical HKer, then it would be XI. Think about it, he at the point of decision making to lockdown Wuhan, all he know is similar to SARS, spread fast, those tested said got symptoms two weeks ago, … do the maths, the “true” infected number would be very high and deaths very high… realize not enough beds, doctors, etc. He made a bold (may be only choice) to lockdown Wuhan. Taking too long to debate what is the best course of action is damaging, acting fast is the only sensible approach. What would you do? Take you time to investigate? Gather more views from many doctors? Let the virus spread for awhile to understand it better? TIME is the ESSENCE. No time for all these BSes. Only professors and PhDs waste time.

I have no treatment for afraid people. Sorry. But, panic is not a treatment for panic.