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Thread: COVID-19, part vi,...the first wave continues to surge

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    Administrator Boss-Hog's Avatar
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    COVID-19, part vi,...the first wave continues to surge

    Since approximately last night, the discussion in the previous thread got way too political for outside the politics sub-area, so I moved it there in the event the discussion continues. Any additional dialogue in this thread / forum should be focused on COVID-19 with light political discussion (i.e. not what was occurring in the moved thread). It's important that we be able to discuss this outside of the politics area, but in order to do so, I ask that you respect the boundaries we've established with the opt-in area. Prior to last night, folks were generally doing a good job of abiding by that boundary, but it's been off track ever since.

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    Posting in Dynarama M2's Avatar
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    Re: COVID-19, part vi,...the first wave continues to surge

    Yesterday marked the first time since June 9 the daily COVID death total crossed 1,000 - https://www.worldometers.info/coronavirus/country/us/. The case counts keep rising too, more than 70,000 new cases yesterday. Given that deaths a a lagging indicator we could be looking at some rough days ahead.
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    Re: COVID-19, part vi,...the first wave continues to surge

    LONDON/OTTAWA (Reuters) - Hackers backed by the Russian state are trying to steal COVID-19 vaccine and treatment research from academic and pharmaceutical institutions around the world, Britain’s National Cyber Security Centre (NCSC) said on Thursday.


    https://uk.reuters.com/article/us-he...-idUKKCN24H236


    "Canadian authorities said the attacks were hindering response efforts and that risks to health organisations were elevated. Canada’s signals intelligence and cyber threat centre advised institutions to take action to protect themselves."
    Last edited by Kingspoint; 07-16-2020 at 02:48 PM.
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    Re: COVID-19, part vi,...the first wave continues to surge

    (Reuters) - "Florida reported on Thursday the largest one-day increase in deaths from the novel coronavirus since the pandemic began and its second-largest increase in cases ever.
    Florida announced 13,965 new cases on Thursday, bringing the total number of cases in the state and the center of the latest outbreak to over 315,775, according to the state health department. Florida’s COVID deaths rose by 156 to a total of 4,782, surpassing its previous one-day record of 133 new deaths on July 12. Hospitalizations of patients with COVID-19 was the highest ever reported at 8,626 currently hospitalized, up 321 in the past 24 hours, according to a state agency."

    https://uk.reuters.com/article/uk-he...-idUKKCN24H2J9
    "One problem with people who have no vices is that they're pretty sure to have some annoying virtues."

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    Re: COVID-19, part vi,...the first wave continues to surge

    https://www.bloomberg.com/news/featu...-s-richest-men

    Truly fascinating glimpse of a Wall Street titan’s view of Covid-19. Genuinely worth a read.

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    Re: COVID-19, part vi,...the first wave continues to surge

    Quote Originally Posted by Falls City Beer View Post
    https://www.bloomberg.com/news/featu...-s-richest-men

    Truly fascinating glimpse of a Wall Street titan’s view of Covid-19. Genuinely worth a read.
    Even though he is a billionaire, I bet you his and his spouse's parents are either stuffed into nursing homes or already dead. But, what does he care? They had their run. "What's in it for me and how does it effect me?" That's the attitude I see from him (and most people in this world).
    "One problem with people who have no vices is that they're pretty sure to have some annoying virtues."

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    Re: COVID-19, part vi,...the first wave continues to surge

    Hamilton county off the watchlist in Ohio as of today, so we got that going for us
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    Re: COVID-19, part vi,...the first wave continues to surge

    Quote Originally Posted by Falls City Beer View Post
    https://www.bloomberg.com/news/featu...-s-richest-men

    Truly fascinating glimpse of a Wall Street titan’s view of Covid-19. Genuinely worth a read.


    I talk every couple of weeks to a hedge fund guy. He told me early on that it's uncertainty that roils the markets. He said "If we knew today that the death toll would be 3 million, the markets would be fine." It would be terrible, but they would have cost certainty and could plan around it. It's not knowing that they can't deal with.
    "Thinking is difficult. That's why most people judge" ~ C.G. Jung

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    Re: COVID-19, part vi,...the first wave continues to surge

    Quote Originally Posted by RFS62 View Post
    I talk every couple of weeks to a hedge fund guy. He told me early on that it's uncertainty that roils the markets. He said "If we knew today that the death toll would be 3 million, the markets would be fine." It would be terrible, but they would have cost certainty and could plan around it. It's not knowing that they can't deal with.
    Which is why the markets went haywire the night Trump surprised everyone by being elected. And two days later they (the markets) were fine again.

    On the other hand, there's an absurd amount of uncertainty right now, and that doesn't seem to affect the market (at least not as much as Fed stimulus).

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    Re: COVID-19, part vi,...the first wave continues to surge

    https://ehrn.org/patients-with-multi...ovid-19-tests/

    There has been some conversation that the numbers are higher because of people getting multiple tests. This chart is about a month old, but according to their data of the people that do get a positive test 83% never got another follow up test.

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    Re: COVID-19, part vi,...the first wave continues to surge

    Quote Originally Posted by Boston Red View Post
    Which is why the markets went haywire the night Trump surprised everyone by being elected. And two days later they (the markets) were fine again.

    On the other hand, there's an absurd amount of uncertainty right now, and that doesn't seem to affect the market (at least not as much as Fed stimulus).
    The Fed stimulus is obviously a huge factor.

    Another thing is that if you consider "the market" the S&P 500 it's basically flat right now for the year. There are 6 stocks (Amazon, Apple, Google, Netflix, Microsoft, Facebook) that are up about 30-35% YTD. The other 494 stocks are down about 9%.

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    Re: COVID-19, part vi,...the first wave continues to surge

    Quote Originally Posted by Boston Red View Post
    Which is why the markets went haywire the night Trump surprised everyone by being elected. And two days later they (the markets) were fine again.

    On the other hand, there's an absurd amount of uncertainty right now, and that doesn't seem to affect the market (at least not as much as Fed stimulus).
    Yes. All you have to do is read that article I posted that got shoved into obscurity into the political forum to understand this.
    "One problem with people who have no vices is that they're pretty sure to have some annoying virtues."

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    Re: COVID-19, part vi,...the first wave continues to surge

    Quote Originally Posted by M2 View Post
    Yesterday marked the first time since June 9 the daily COVID death total crossed 1,000 - https://www.worldometers.info/coronavirus/country/us/. The case counts keep rising too, more than 70,000 new cases yesterday. Given that deaths a a lagging indicator we could be looking at some rough days ahead.
    According to some, it doesn't matter. "They are all going to die in a couple years anyway."
    "All I can tell them is pick a good one and sock it." --BABE RUTH

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    Re: COVID-19, part vi,...the first wave continues to surge

    Quote Originally Posted by BuckeyeRed27 View Post
    The Fed stimulus is obviously a huge factor.

    Another thing is that if you consider "the market" the S&P 500 it's basically flat right now for the year. There are 6 stocks (Amazon, Apple, Google, Netflix, Microsoft, Facebook) that are up about 30-35% YTD. The other 494 stocks are down about 9%.
    Add in Kroger and Wal-Mart and most of the 500 looks bleak for the year, they'd be much bleaker if they didn't believe in Congress' ability to bail them out.

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    Re: COVID-19, part vi,...the first wave continues to surge

    Here’s a store employee after SteelSD and 7282828’s own heart.

    https://thehill.com/homenews/state-w...ROuBsO58G09dQs

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