March Madness and Covid-19

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The stock market is absolutely plummeting. Down 24% in the last month. May be a good time to throw some spare dollars into an index. How much more downside can there be?
 
The stock market is absolutely plummeting. Down 24% in the last month. May be a good time to throw some spare dollars into an index. How much more downside can there be?

Our response to this is not sufficient, and the information is too vague. I suspect the markets will continue to drop for a bit.
 
Zero chance the NCAA Tournament happens.

Crazy times.
 
what should be done??

1. Go all in on testing. The administration’s testing regime has been woefully insufficient

2. Mobile triage and CDC response units in hot zones.

3. Ban all large gatherings.

4. Be honest and forthcoming in briefings instead of slow-playing this and acting from a position of denial.

These are off the top of my head.
 
1. Go all in on testing. The administration’s testing regime has been woefully insufficient

2. Mobile triage and CDC response units in hot zones.

3. Ban all large gatherings.

4. Be honest and forthcoming in briefings instead of slow-playing this and acting from a position of denial.

These are off the top of my head.

STOP with the politics. You beg for the "administration" to do something, and when they banned flights from Europe yesterday, you b*tched about that. Just STOP. The administration's testing regime? lol, what does that even mean?
 
STOP with the politics. You beg for the "administration" to do something, and when they banned flights from Europe yesterday, you b*tched about that. Just STOP. The administration's testing regime? lol, what does that even mean?

These are NOT political statements. These are cold facts. The administration testing regime is the speed and volume of tests delivered to areas of need. Yes I criticized the “travel ban” last night because it’s a total joke. They’re trying to close the barn door after the cows are out and even failing at that. This is not about politics, AT ALL. He asked what they should do and I told him.
 
This is not about “well they’re doing something at least.” No, doing the WRONG things makes it worse. The markets agree with me.
 
what should be done??

For starters:

A.) Release specific plans on availability and locations of testing. This is basically the South Korea model. That have tested a quarter of a million people. We have tested like 7,000 people. On 3/10, for example, literally 8 people in the country were reported to have been tested. China and South Korea have mass produced and mass released tests. We aren't. Markets have no idea how wide-spread this.

B.) Stop misleading people on this. Just in the past week or two our govt has said the flu is worse... its a hoax.. its the media... We only have 15 cases and will soon have 0... Like "magic" it will just go away...

C.) Get a grip on conservative media. Rush Limbaugh and Sean Hannity are now saying this is a democratic tactic to undermine Trump, OR that it's a China bio-weapon. People believe this stuff, and it keeps them from taking this seriously. It also spreads more panic, which is bad for markets. I work with several MAGA people who literally don't even acknowledge it exists because of this information, or they are just mad and think its an attack on Trump. Trump needs to come out and criticize these kinds of messages.

D.) This needs to be the focus. As of right now the President of the US is tweet ranting about the impeachment "coup" against him and attacking Nancy Pelosi.... Strong leadership calms markets. Not this nonsense and fear mongering.

That is JUST for starters. These are not political statements. Stuff the govt does and says has an impact on markets. They aren't doing enough to calm markets. These things are hurting markets.
 
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For starters:

A.) Release specific plans on availability and locations of testing. This is basically the South Korea model. That have tested a quarter of a million people. We have tested like 7,000 people. On 3/10, for example, literally 8 people in the country were reported to have been tested. China and South Korea have mass produced and mass released tests. We aren't. Markets have no idea how wide-spread this.

B.) Stop misleading people on this. Just in the past week or two our govt has said the flu is worse... its a hoax.. its the media... We only have 15 cases and will soon have 0... Like "magic" it will just go away...

C.) Get a grip on conservative media. Rush Limbaugh and Sean Hannity are now saying this is a democratic tactic to undermine Trump, OR that it's a China bio-weapon. People believe this stuff, and it keeps them from taking this seriously. It also spreads more panic, which is bad for markets. I work with several MAGA people who literally don't even acknowledge it exists because of this information, or they are just mad and think its an attack on Trump.

D.) This needs to be the focus. As of right now the President of the US is tweet ranting about the impeachment "coup" against him and attacking Nancy Pelosi.... Strong leadership calms markets. Not this nonsense and fear mongering.

That is JUST for starters.

I can’t disagree with any of this and it’s NOT about politics
 
Trump doesn't want to acknowledge it... but this is now the focus of his govt. The markets are plunging, people are losing their life savings, the NBA, NCAA, etc are cancelling their events, private businesses are losing tons of revenue, cancelling trade shows, large gatherings, sales presentations, etc all the way down to the local level.

Impeachment, re-election, Mexican border walls, tax cuts, political hits, etc are now back-burner items.

2020 is now the year of Covid-19, whether he likes it or not. Nobody likes it, least of all him. I get that. He wants to focus on the economy, immigration, the military, etc. I get that. I don't care about policy disagreements and I feel awful this is happening, but this is the reality.
 
This is not about “well they’re doing something at least.” No, doing the WRONG things makes it worse. The markets agree with me.


If someone else were president what would the stock market be at? It is a fair question.
 
Trump doesn't want to acknowledge it... but this is now the focus of his govt. The markets are plunging, people are losing their life savings, the NBA, NCAA, etc are cancelling their events, private businesses are losing tons of revenue, cancelling trade shows, large gatherings, sales presentations, etc all the way down to the local level.

Impeachment, re-election, Mexican border walls, tax cuts, political hits, etc are now back-burner items.

2020 is now the year of Covid-19, whether he likes it or not. Nobody likes it, least of all him. I get that. He wants to focus on the economy, immigration, the military, etc. I get that. I don't care about policy disagreements and I feel awful this is happening, but this is the reality.

You sound like a petty and spiteful person. You sound as if he created the virus. Put the bottle down. Could you?
 
If someone else were president what would the stock market be at? It is a fair question.

It likely wouldn't be as volatile, but this is very hard to answer... There has been lots of misinformation and not enough specific information to try and calm the market..

The market was taking a hit no matter what.... but he is kind of like throwing gasoline on a flame because he still isn't taking it seriously enough or releasing specific information and plans.
 
You sound like a petty and spiteful person. You sound as if he created the virus. Put the bottle down. Could you?

What? What about what I said makes it sound like he created it? Obviously he didn't create the virus, and this sucks for everyone. Nobody wants this. I am being very negatively impacted by this, personally. This whole thing sucks.
 
Also, I don't know what steve knows that I don't... but the Europe travel ban and other decisions announced in the speech yesterday are all good measures. Better late than never. I assume we will see more measures.
 
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