[ltsddd]

Here’s a thought about the stock market. Why not close them all down (all exchanges around the globe) and reopen after the coronavirus is dealt with? On the other hand most of the damage is already done. At worst the DOW will probably drop another 10% – that’ll match the dot bomb implosion back in the days.

[ltsddd]

[quote=flu]There’s 1.4 million people in SD County. a 2% infection rate would mean 28k people infected. Of that, 70% of people infected would need a ventilator or go to the ICU, using a small sample space obtained from patients in China, or roughly 19.6k people in SD. In San Diego County, how many hospital beds do we have total and how many ventilators are available at hospitals? Probably half.

Screw toilet paper. I just ordered a oxygen ventilator, taking a lesson from the hospitals in Italy, before people figure this out. I needed to use my FSA health account anyway.[/quote]

Why not reserve the hospital beds for the elderly? Younger folks, just give them a month’s worth of flu & hiv drugs to take home?

[ltsddd]

[quote=flu]so this adminstration can take credit for saving the US economy from collapsing due to a “foreign virus” from China…in November..[/quote]

If the American people are that gullible and stupid then we deserve what we’re getting and what’s coming.

[ltsddd]

DOW is back to 2017 level. Small-cap back to 2016’s.

The silver lining of all this is our commander in tweets is unlikely to have another opportunity to gloat about “new highs” with the stock market.

[ltsddd]

It’s inevitable what followed is going to be economic downturn and layoffs. I am definitely leaning towards not buying a property this year as planned. I think the job market is going to tank next and the housing market will follow.

FIH & SPDRUN – good call.

[ltsddd]

Two of the most populous countries in the world reported a total of 35 cases. 31 for India and 4 for Indonesia.
May be they are doing something right, who knows. Heck, Iceland has almost as many cases as India with 26. My gut feeling is it’s not going to end well for these folks if their gov’t’s leadership don’t pull their heads out of their asses any time soon.

[ltsddd]

[quote=outtamojo]Pence is in charge now lol.[/quote]

Prayers is the answer. Problem solved.

[ltsddd]

Oman and the UAE each has a few cases. Temperatures is ~75F. MERS outbreak started in the middle east in the dead of the summer in 2012.

According to Harvard SITN:
The results from the study suggest that influenza actually survives longer at low humidity and low temperatures. At 43°F with very low humidity, most of the virus was able to survive more than 23 hours, whereas at high humidity and a temperature of 90°F, survival was diminished at even one hour into incubation

[ltsddd]

I find it very interesting that India has not said much about the virus. I don’t even want to imagine what it’s going to be like for a city like mumbai – densely populated and not exactly the most sanitized – to get hit with the virus.

[ltsddd]

[quote=flu][quote=ltsdd]Good news: I was 60% cash since the beginning of the year
Bad news: I pushed half of it back in yesterday

…I think I’ll sit on the remaining 30% until the smoke cleared.[/quote]

Dude, I’m sorry. But you know what, imho, this hysteria doesn’t make any sense, you’ll be fine.

In the future, here’s my advice. Aim small, miss small.

If you have 60% in cash, don’t do what everyone else does and move a huge chunk of it back in all at once. This big bang approach more often times fails than succeeds. You want to diddy it up in smaller blocks. Because you can’t guess absolute bottoms or absolute tops. So for example, move 10% yesterday, move 10% today, more 10% next week, etc. That way if you guess wrong on your timing, you don’t run out of bullets.

I say this, because I learned this the hard way when I was buying selling stocks when i was 20, and got burned on one hand. Everyone at some point learns these lessons at some point or the other, so don’t sweat it. You’ll be fine in the long run.

The good news is you have 50% of your bullets left! That’s still a lot of bullets.

A friend of mine just pointed out JP Morgan is on sale. 2.85% dividend yield. I’m in.[/quote]

Truth is I am at the point where my “go to hell” fund is more than adequate. Conventional logic dictates that I stay the course – stick with what got me here. However, it’s easier said than done since I don’t want to risk losing the financial independent status. I am far more “sad” if I were to lose $100K than I am “happy” gaining $100k. I would not go beyond the 70/30 ratio (cash/equity), but at the same time I like to lock in my profits when it makes sense. I guess in not so many words, I am more focused on protecting what I already have.

[ltsddd]

Good news: I was 60% cash since the beginning of the year
Bad news: I pushed half of it back in yesterday

…I think I’ll sit on the remaining 30% until the smoke cleared.

[ltsddd]

At some point the health officials going to have to realize the thermometer guns are mostly useless as a line of defense. If checking for someone’s body temperature is all they do then we (US) are not safe. We’re told that a carrier and spreader may not exhibit any symptoms (fever, etc..) for up to 19 days. How useful is that thermometer? Closing up borders sounds drastic but that may have to do until all these smart doctors actually know what they are dealing with. I think it’s mostly speculation on their part up to this part wrt to what the virus is and how exactly it’s spreading.

[ltsddd]

yup…people have been quarantined for a 14-day period…but doctors now have found at least one person who carried the virus for at least 19 days without symptoms, and of course got a few people infected along the way.

[ltsddd]

[quote=flu]S&P and Nasdaq at record.

…lol…..[/quote]

If the markets don’t stage a rally at the close today…bend over and be ready for a few more days like today.

[ltsddd]

[quote=flu][quote=The-Shoveler][quote=ltsdd][quote=The-Shoveler]LOL this is why FIRE is actually a problem.

Your meant to pursue happiness not achieve it.

Else who is going to keep everything running.[/quote]

If pursuing happiness is your goal then FIRE is certainly one way that would allow you to do so.

For many people work != happiness – it just simply pay the fvcking bills.[/quote]

LOL I think you guys missed my point entirely,

It not about you being happy (or anyone’s happiness), it’s about having the best and brightest remain in the work force not walking on some beach.

While the remaining (not so bright) screw up everything trying to keep everything up and running LOL.[/quote]

I look at it differently….because we have all the not so bright trying to run things at a cheaper cost, things eventually do get screwed up…royally….

And that creates opportunity for people like me and the people I work with to clean up the mess that most other people screw up, which ends up costing a heck of lot more money for them to fix because they end up having to pay a lot more people a lot more money both undo the original screw up and to build whatever they were trying to build.[/quote]

Shoveler – Hear ya.

Flu,
Been there done that, playing hero gets old really fast. And then at some point, you’ll realize, WTF, these dumb asses are the smart ones b/c they collect the same, if not more, pay as you do and produce next to nothing and no real consequences b/c of it. You playing hero adverting disaster for the project/company and get a few pats on the back and some extra $$$ for it, but guess who made out better? The rock stars, overachievers are actually the dumb ones.

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