discussion comment
5 years ago
No @Papi a 24% decline in GDP would be 2.5x greater than anything we have experienced
discussion comment
5 years ago
"don't everyone freak out"
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You mean like taking drugs that are not FDA approved
discussion comment
5 years ago
We can't lock down the country like this. Goldman predicted a 24% downturn in GDP 2nd quarter ( and that's not a typo).
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5 years ago
Why is this a CNN fight? Fauci is a seasoned, experienced, scientist who has worked under both GOP and Democratic administrations? Trump is a serial bullshitter. I hope for the best but the drug needs to undergo extensive clinical trials.
discussion comment
5 years ago
Fauci said the promise of the drug was "anecdotal." Listen to Fauci and not the tinfoil-hat crowd spewing deep-state conspiracy theories.
discussion comment
5 years ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
Congrats on doing a much better than I have, @FTS; I'm not surprised. You may be right about an impending global depression but I choose to live in denial, for now. It would be interesting to talk about QE (why it didn't result in hyperinflation) and what to expect from QT, but this isn't the right time.
discussion comment
5 years ago
...maybe you're thinking of the average inbred, hillbilly, 'bama SB.
discussion comment
5 years ago
"Think about who else your long term is seeing from other SD to the drug dealers and all in between."
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Well thanks for that bit of constructive advice. We're both careful and we've exchanged STD panels several times. It's possible to pick up covid by going to a crowded grocery store. I would be fine with it if covid testing were available.
discussion comment
5 years ago
"At a death rate of 1%, that's around 3.3m US lives at stake. "
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The 1% mortality rate is probably close enough, but even the most pessimistic estimates are more like 50% of the population getting infected. So more like 1.7M
discussion comment
5 years ago
Curious, are the rest of you worried about sugaring during the virus scare? I've been seeing the same SB long-term and agonizing about whether to stop for now. Chance of dying is greater for 60+ and pre-existing conditions--but 40% of covid hospitalizations are now 20-55 (according to CDC).
discussion comment
5 years ago
Dallas, get your facts straight. The reality is that 1, 500,000 Americans could die if we don't do anything.
discussion comment
5 years ago
Thanks asshole
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5 years ago
S Korea has done 30x more testing per-capita than we have which explains their success
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5 years ago
All the 8-yr-olds found that funny, @Cash
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5 years ago
"Right now, the best treatment for covid is prevention. "
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...and a massive increase in testing would help determine where the "hot spots" are so we don't need to shut down the entire economy in a panic.
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5 years ago
^^ nice
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5 years ago
GeordieBoy is full-time troll.
I"m a male model/ male stripper and service hen parties in my spare time.
discussion comment
5 years ago
I'm not going to panic about the economy. Even if we do nothing the percentage of the population that gets seriously ill is mostly those 60+ and with pre-existing conditions. That's a very small proportion of the working population. Eventually, we'll get to the point of herd-immunity and virus scare will subside on its own.
Yes, all guesswork, but I think this will not be a catastrophe or another great depression. I haven't sold any stocks and don't intend to. Maybe a screaming buying opportunity down the road.
discussion comment
5 years ago
Troll probability = 99%
Blackmail does occur in the sugaring world and the consensus on Reddit is to make it clear to your honey that blackmail is a felony. Then cut off all contact and she'll most likely vanish.
discussion comment
5 years ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
*consider
OT, here's a TED talk by Bill Gates -- five years ago -- about how we're not prepared for the next epidemic:
https://www.youtube.com/watch?v=6Af6b_wyiwI
I think I'm going to listen to Gates more carefully in the future.
discussion comment
5 years ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
^^^ maybe you should coonsider a career change. I hear Goldman Sachs is looking for new investment strategists.
discussion comment
5 years ago
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Papi_ChuloMiami, FL (or the nearest big-booty club)
@FTS: "So.... who saw that coming? lol"
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I did raise some cash before the virus, but the downturn has been fast, deep, and breathtaking. I've lost more money than I care to think about. I bet you're making money @FTS since you're not afraid to think outside the box.
Overall market PE is about 20 times earnings right now which is still higher than the historical mean (about 16). So you could argue that the market is still slightly overvalued even after the recent collapse. But the decline creates a great buying opportunity for young people (tried to explain that to my SB, but she's not listening). I haven't done any selling whatsoever.
Anyone care to speculate how this will end? Just thinking out loud, it seems to me it ends with either (1) vaccine development which could be 12 to 18 months away or (2) herd-immunity on a time-scale that's impossible to predict. Or maybe we get lucky and the virus subsides because of warm weather or some other unknown feature of the virus (e.g., it has a more virulent strain that kills and flames out quickly). A massive increase in testing would help the market.
On an optimistic note, I'm thinking the market could come roaring back after the virus scare is over and on a much shorter time scale than the last recovery.
discussion comment
5 years ago
"All these "famous" people have seemed to catch the virus so easily. "
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Translation: Famous people have greater access to testing.
discussion comment
5 years ago
I'm not 60+ but what @Sinclair posted has a kernel of truth. You can figure an older SD is 10- or 20x more likely to get sick from covid19 than the other way around.
I've been seeing the same SB for about 18 months and we've swapped STD test results a few times. I would like to get tested for Covid19, but I don't think it's possible right now unless you have symptoms.
discussion comment
5 years ago
"Gotta love politicians, life is easy when you have a fully stocked pantry and gym in your house."
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What an idiotic post. Do you think politicians around the country want to shut down the economy?
We just had the Fed cut interest rates to zero and start a new round of QE to the tune of $500B. In response, the Dow lost 2700 points (as I write this) and we've nearly wiped out all stock gains during the entire Trump administration.
All we have left is fiscal stimulus -- which isn't easy given the fact that we have a trillion-dollar deficit.
We need social distancing and far more testing.
Since none of this seems to sink in, here's the Sesame Street explanation of exponential growth:
https://www.pbslearningmedia.org/resource/vtl07.math.number.exp.lilyescape/lily-pad-escape/#.Xm_ai6hKiUk