What am I missing here about the market's reaction to the Novel Corona (Wuhan) Virus?

As I implied in another thread all that’s happened is that the diagnostic criteria have been updated based on new information.
The delta must be measured using apples to apples comparisons. Old numbers would have been correspondingly higher if the new method had been used sooner. To me it still looks like new cases are declining.

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How come market is roaring? Did analysts send out the wrong note?

:+1:

If it is not under control, Xi won’t appear in the public. Simple as that. Don’t need to know details, just monitor the behavior of the leadership.

Alibaba Reported Strong Earnings, but Its CEO Called Coronavirus a ‘Black Swan Event’

“While demand for goods and services is there,” Chief Financial Officer Maggie Wu said on a conference call, “the means of production in the economy has been hampered by the delayed opening of offices, factories and schools after the Lunar New Year holiday.” As a result, she said that “overall revenue growth will be negatively impacted,” during the current quarter, which the company is about halfway through.

I usually don’t give much credence to ZH but this raises the interesting possibility that it was an engineered leak from a BSL-4 lab rather than a naturally occurring bat virus that jumped species (supposedly most bats are hibernating right now). It should be easy enough to figure out whether this is accurate by examining the sequence of the virus…I’m sure others are looking into it and this report will be confirmed or disproven over the next few weeks.

According to a reliable source, CDC has covertly released the covid-19 into Wuhan as part of the tariff war to wreak havoc in the China economy. Is why they have been telling the public that this is no big deal compare to the common flu. This is to numb the Chinese government and the public into relaxing their guard. US has since embargo sale of facial masks to China to sabotage the effort by the Chinese healthcare staff to control the spread. More details would be released as and when they are uncovered.

Don’t know if you can trust these numbers anymore. Again, red is daily confirmed and purple is daily suspected cases. Daily new confirmed spiked up with the new methodology but has since cratered back down.

What the eff is going on?

:exploding_head:

The spike includes all cases that fall under the new criteria up to that point. It’s not from that single day.

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Democracy saves lives.

https://www.economist.com/img/b/1280/996/85/sites/default/files/20200222_WOC477.png

But authoritarian regimes, although able to co-ordinate massive construction projects, may be poorly suited to matters that require the free flow of information and open dialogue between citizens and rulers. During an outbreak, for example, constructive feedback about how government policies are working can help guide a more dynamic response. Non-democratic societies often restrict the flow of information and persecute perceived critics.

Take Li Wenliang. In December Dr Li, a 33-year-old ophthalmologist at Wuhan Central Hospital, privately warned his fellow doctors about the appearance of a SARS-like disease. Instead of listening to his concerns, Chinese police are said to have rebuked the doctor for “making false comments”. Dr Li was later rehabilitated. By then, though, he had become infected. Covid-19 ultimately killed him.

Or take Quishi , a Communist Party magazine. It recently reported that Xi Jinping, the president, had known of the outbreak early on and gave instructions for action to be taken on January 7th—a fortnight before the outbreak was announced. The aim may have been to portray Mr Xi as being in command of events. But it also highlighted the fact that the Chinese leadership is poor at passing on vital, life-saving information to the public.

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Propaganda by Democracy. Who is so desperate to use this type of persuasion?

Don’t like math?

Saw some comments on Chinese twitter the Chinese again changed the methodology how they count the confirmed cases. It’s full on book-cooking mode now. Xi just wants people back to work, dead or alive. :skull_and_crossbones:

https://www.bloomberg.com/news/articles/2020-02-19/chinese-companies-say-they-can-t-afford-to-pay-workers-right-now

Shit is about to hit the fan

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As China is trying to cover things up, new cases spiked in South Korea and Japan. China claims the whole province of guangdong, with 100m people, has a grand total of ONE new case yesterday. Seriously? Guangdong also happens to be the export engine of China. What a coincidence.

:thinking:

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If you have yet to stock up surgical masks, medical supplies, canned food and beverages, please do so now. Coronavirus epidemic coming to USA. Futures are tumbling… we think USA was safe until now.

About an hour before the planes landed in California and Texas, the State Department revealed that the 14 evacuees had tested positive and did not mention the CDC.

Look like Texas is not safe. Time to consider going to NY.

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Jeez. I hate this administration with a passion. Politics trumps Science everytime. To get some damn messaging and eyeballs they will override fact based recommendations and put the lives of Americans at risk.

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Yawn. The media is always looking for some doom and gloom to sell. If this had pandemic potential, then everyone on the cruise ship would be dead. The fact they were all quarantined in unsanitary conditions which is about the worst possible case for spreading it. Only 16% of people got it and 0.2% of those that got it died. Meaning, 0.05% of people in the worst possible exposure conditions died from it. I’m sure sure why we’re always so eager to label every new variant a pandemic.

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What? Need to runaway fast to join WB.

We should definitely get those inflicted Americans back home. The Japanese have proved incapable of dealing with the situation. These are Americans and we have an obligation to take care of them. But we should fly them back on military planes instead of exposing other unknowing passengers.

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