I’m not traveling only because we are told it must be business critical. I am making a trip to Chicago because It’s the only business critical meeting I need to be at. They have cancelled all our events as a precaution but most of us travelers in the company feel it’s way over blown. If they documented and tracked every flu Case/death in the same manner as this we would think the world is ending.

Btw, I am not complaining about not traveling because it get to be at home for a while with my family.

Simple...the news media does not report the millions of airplanes that land...they report the planes that crash.

Add on the fact, we have a news media that hates this president.

https://www.washingtontimes.com/news/2019/jan/15/a-broadcast-tradition-90-of-trump-coverage-remains/

The news media does nothing but bash this president. It's really pathetic. For 3 years, the news media said nothing but how they have all this info collusion with Russia...nothing. For how many months did we hear about quid pro quo with Ukraine? Transcript gets released and nothing. The press even tried to bring on a recession by reporting how there was this oncoming recession...then nothing. Now it's how Trump's response was bad...even though he cut travel to high risk areas....that's right, he was racist for doing that...that's what was reported.

I'll take the word of doctors any day of the week, who are trained in this stuff, over media people who have complete political bias in their reporting.

well now we know what your real issue is. Facts. You don't like them.

Seems like someone that checks things should check something out that needs checking

Last week, I was in Universal Studios Orlando for 3 days and Epcot for 1 day.

I actually saw people wearing masks in the parks (plane too). My feeling, is if you're that afraid, why even bother going into the park.

To show you how much I'm not afraid of the coronavirus, I was away last week, I'm running a half marathon April 4, going to NY Auto Show the following weekend, then Disney to run all 3 Star Wars races (5k, 10k, & half marathon) April 16-20, then another half marathon the last weekend of April.

Again, if it was as contagious as the media makes it out to be, why wasn't the LA Marathon canceled?

Now that’s funny! Media trying to bring on a recession. I suggest taking a look at who the media is interviewing...employees who work for financial firms and so called experts. That happens all the time. It’s just regular reporting.

So then is a recession coming or not?

Yes it is. When...now that is the question Wall Street can never answer. And I wouldn’t expect them to be able to. Financial markets are like viruses, no one knows when the next big recession or pandemic is going to happen....until it does.

It sounds like you are in great shape. No wonder you are not concerned about a virus that strikes older people 50+ viciously and people with health issues including obesity. Duh

April 15, 2017 I weighed 336 pounds.

Today, I weight 200 pounds. Still have 25 more to go.

I know what it was like to be obese...and it sucks!!

Clearly you haven't done any due diligence. Sure, I get why you wouldn't trust the media, except facts have been released over the last few weeks from reputable sources which have been plastered all over this forum (aka CDC and WHO). I trust them a heck of a lot more than some random doctor in the middle of nowhere.

Secondly, you clearly do not understand why this is being taken seriously. It isn't to protect YOU. It is to protect others who ARE in danger FROM you giving it to them. It's not rocket science. We don't care what you were doing/are doing. If you get sick you won't know for weeks, and most likely you won't feel much, but the likelihood you could give it to your sick grandma is high (just an example). But of course, per the normal blah blah blah me me me, all you care about is yourself, and since it doesn't impact you, it's 'overblown' and 'fake'. Quit comparing it to the flu. It isn't the flu. It's ANOTHER sickness we don't need.

Do you think other countries are overblowing it? Do you think they are watching fox and cnn and saying - oh shit we need to quarantine our populous? They aren't. They are actually listening to their medical professionals that are saying this could get really bad.

I do agree that people are panicking way too much though. No need to clean out shelves. None of that is going to stop / save anyone. Common sense will though, and part of the common sense is considering what you are doing and how it might affect others around you.

Objection, Speculation. You're assuming A) Trekkie catches the Corona Virus, B) has no symptoms whatsoever, C) has a Granny who's alive, D) sees Granny and infects her.

All HIGHLY unlikely. Granny's more likely to catch the flu from the casino or venereal disease from shacking up at the old folks home.

Back to STOCKS please. Is big oil really dead? Is XOM toast because of their debt load?

So basically you only care about the money and it's an inconvenient truth and just mad the market is down. Got it. I'm currently IN that potential situation, it is a very likely scenario. But thanks for proving my point.

Regardless of what you believe, the market is reacting to it.

Probably people covering margin call losses.

Women power!! Yeah!! Whoa wait .. What did they do? what did they do? Push the other bell!! make it stop, please

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My prediction: today was probably close to the worst single market day. The market will bump lower until summer. As the political matchup is solidified it should help markets. Warm weather will reduce the virus transmission. Markets will rally and retrace 50% of the spring losses.

However come November fear will come back. We will have actual economic data about what is going on right now, and we might officially be in recession by the late summer/early fall. Infections will tick up again and we’ll get hit hard again by the virus. We will go lower than the spring lows. wild ass guess but total retrenchment will be 30-40% of the highest high.

Next year will be a recovery after the election is done an a vaccine is available, probably. Recession will be over and things will climb slowly up. Markets in 2021 will probably close level to their start or maybe a little gain.

However this discounts a bigger swan than this virus has already been; imagine if one of the two presidential candidates or another world leader succumbs to the virus. Or if the oil price pressure turns into a proxy shooting war between Russia and Saudi Arabia. Or if the USA attacks Iran after they get hit absurdly hard by the virus. All within the realm of possibility IMHO

XOM will be fine. They're trading at half what they were trading at in 2016 when oil went to like $26/barrel. They have 32 billion in cap-ex they could cut if needed. If anything, having a bunch of their competitors go out of business and reducing world output will be a huge positive. It may take a few years to play out, but with a 7-8% dividend you're getting paid to wait for it.

Looks like New Jersey is in a state of emergency now...they got sucked in by the media fear mongering as well I guess.

Here’s the thing, how many people have been tested and when was their last test?

I was worried about the same. Supposedly Ted Cruz has come into contact with someone who tested positive. If several members of Congress or the president or candidates would come down with it, I think there would be mass panic.

Australia dropped another 2.7% in 10 mins already over 10% in 2 days is that a recession now?

-3.9% in 11 minutes

Must be all those media people selling their stocks.

Crazy shit
Everyone here is shitting themselves.
Media here is crazy as well

No wonder toilet paper sold out
This is our local Coles supermarket

Unbelievable !!!
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Just wondering when our housing market follows.

Yep Western world is Media mad i do not watch TV to much mind control on that stuff.

Come on pinball price crash....

Bloody hope not
The bulk of my investments are bricks and mortar

Not good mate Michael Burry from the movie The Big Short predicted Australian Housing market crash in 2020.

Word so far from the pros says it shouldn't impact that...at least if it doesn't last long enough for lots of people to lose jobs.

https://www.mphonline.org/worst-pandemics-in-history/

About me? Really?

It's overblown. 7.5 BILLION people in the world...114,000 have the coronavirus. Put that into perspective. The numbers don't match the hysteria. Remember, this virus has been around for almost 3 months.

Millions of people are being affected by a pandemic that isn't a pandemic.

How about the retirees who are having their pensions hit right now?

How about the people in the travel business who are losing money?

How about all the shipping companies who are losing money?

How about the people getting margin calls?

Think about all the net worth that has been hit in the past 2 weeks.

There's a lot of people taking huge financial hits because of all the fear that is being spread. But I forgot, it's all about me.

And yes, I will take the words of doctors everyday over the words of the press.

The WHO is a political organization. They rate the UK as the 18th best healthcare in the world and the USA as the 37th....even though the UK has some of the worst cancer survival rates in the world and the USA has some of the best...and half of all the R&D in healthcare takes place in the USA...

You already showed all your cards in your first post. I see where you stand based on that and there's not much else to say to you regarding making you understand why you could be wrong. No one is saying this is a good thing. No one is saying it 100% will come to pass. And most certainly no one is disagreeing about the media hype. However, if you sit back and pretend it is a hoax because you hope the market stays up, you're pretty much leaving it up to the virus to decide what happens. Thoughts and Prayers.

And just like that market just about corrected itself crazy!

I doc think you meant to say "partisan" .

The definition of bipartisan:

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Definition of partisan:

Screen Shot 2020-03-09 at 6.43.09 PM (resized).png

The vernacular for partisan might be described as "one way" or "my way or the highway".

Hahaha
I dunno whether to laugh or cry
ASX is s sea of Red

Screenshot_20200310-094238_Australia Stock Market (resized).jpg

7:49PM the DOW premarket trading is up 1.94 %

Would you like to tell me what the cards are?

7.5 Billion people on the planet.

114,000 have coronavirus.

It is called math.

https://www.health.com/condition/cold-flu-sinus/how-many-people-die-of-the-flu-every-year

"Flu season is hitting its stride right now in the US. So far, the CDC has estimated (based on weekly influenza surveillance data) that at least 12,000 people have died from influenza between Oct. 1, 2019 through Feb. 1, 2020, and the number of deaths may be as high as 30,000.
The CDC also estimates that up to 31 million Americans have caught the flu this season, with 210,000 to 370,000 flu sufferers hospitalized because of the virus." (article is only referring to USA numbers)

More from the article: "Overall, the CDC estimates that 12,000 and 61,000 deaths annually since 2010 can be blamed on the flu. Globally, the World Health Organization (WHO) estimates that the flu kills 290,000 to 650,000 people per year. "

Again, it comes down to math.

https://www.nytimes.com/2020/03/08/arts/1918-pandemic-coronavirus.html

https://www.wbir.com/article/news/health/coronavirus/coronavirus-q-and-a/51-aec9c063-76ca-49b0-adf0-8826de5357bf

In case you're not up on the times, the virus (any virus) doesn't care what race, gender, nationality, political party, or where you live in the world...it will run it's course. We will come up with a vaccine for it (several companies have said they are starting to test it). Once we have a vaccine, it will be controlled. If you're young and healthy, live life. If you're old or have health issues, take precautions. But this whole idea of people buying up all the toilet paper...it's absolutely nuts.

You are throwing out some great investment advise. I think I'll call my broker in the morning and load up.

Do we really need to go through this again? Go do some actual research (or read through some of the other threads that actually have all this stuff laid out). Your math while correct for the flu, has nothing to do with this...as has been explained by many people more knowledgeable than you or I.

The investment advice is to ignore the noise and stay the course. Don't forget March 2009. When Obama got sworn in, market was around 9,500. After the Stimulus got passed, it went down to around 6,600 in March. People were headed to the exits. I even remember Sean Hannity saying he was selling stock...I remember thinking to myself what a terrible move. We are pretty much seeing the same thing right now...everyone is headed for the exits. They just want out. The people holding on and/or buying will be rewarded. It works the other way too. Think February 2000, everyone wanted in on the NASDAQ. They didn't care what the stock was, they just wanted in. When everyone wants in, time to get out. Whenever everyone wants out, time to get it. IMO, we haven't experienced that "in" that everyone wanted early 2000. But we have experienced that "out" several times in the past 20 years.

If I didn't already have Boeing, Amazon and Google puts, I'd be selling puts. I think it's a good time to be buying some calls too.

If I came into some cash today, I'd be pumping it into companies like Apple, Chevron, Google, Amazon, Disney, American Express, etc.

Trekkie: claims media is fake, lists media as research resource.

Zablon: claims media is NOT fake, discredits same media as fake.

God I love this thread. What are some really big brands names of Australian companies that I could dump some cash into?

Firstly, I've never said that. In other posts I have questioned just who we should be listening to since China isn't exactly a hotbed of honesty and every other main outlet is considered biased. I stand by the CDC info first. WHO was on top of that. I've watched/read very little 'media' regarding this, and take much of it with a grain of salt. My point is, the issue isn't that the media is overhyping it, because other countries aren't beholden to our media. The same people screaming 'the media the media' are the same ones saying the market wouldn't go down, etc etc. The honest answer from all involved should be a flat out, you don't know wtf is going to happen. We're all in the same boat of a guessing game at this point.

I bought XOM and GE today. What did you buy? Thanks for letting me share.

Carnival Cruise Lines has given up 20 years worth of action. All the way back to about 1997. But it look like CCL has been having some problems before finally falling of the cliff. It was a $72.00 stock and now it is $22.00. Must be those short sellers and the newsies. CEO's are always looking for someone to blame when their stack takes a hit. I don't follow CCL and don't know then fundamentals but the chart sure stinks.

Anybody buying here? Any brave souls? Step right up, folks. Buying op of a life time.

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I'm holding steady for another week or two to see what happens. My gut hasn't been wrong yet. CCL does seem like something that could recover nicely out of this, but then if this is all overblown as some want to claim, everything will look good in a week or so.

Vanderbilt university just ceased all in person classes for the rest of the month and possibly until the end of the semester over one person that tested positive and is now recovering AT Home. This is way overblown.

BAC - bank of America. I'll buy some VZ - Verizon soon and lock in that divy

I get that the coronavirus has a higher mortality rate than the flu...but look at the numbers. It looks like it may have already topped out.

https://www.who.int/dg/speeches/detail/who-director-general-s-opening-remarks-at-the-media-briefing-on-covid-19---3-march-2020

"However, there are some important differences between COVID-19 and influenza.

First, COVID-19 does not transmit as efficiently as influenza, from the data we have so far.

With influenza, people who are infected but not yet sick are major drivers of transmission, which does not appear to be the case for COVID-19."

"Third, we have vaccines and therapeutics for seasonal flu, but at the moment there is no vaccine and no specific treatment for COVID-19. However, clinical trials of therapeutics are now being done, and more than 20 vaccines are in development."

"To summarize, COVID-19 spreads less efficiently than flu, transmission does not appear to be driven by people who are not sick, it causes more severe illness than flu, there are not yet any vaccines or therapeutics, and it can be contained – which is why we must do everything we can to contain it. That’s why WHO recommends a comprehensive approach."

I took excerpts from the director's speech. Again, the news media is making it out to be worse than it actually is, which in turn, is hurting a hell of a lot more people than who actually have the virus. They are creating hysteria, when looking at the math, it isn't justified.

Here's a great example: https://nypost.com/2020/02/29/suspected-coronavirus-patient-isolated-in-new-jersey-hospital/

This hospital is some 10-15 miles from me. People in my area were panicking after this news was put out there. 2 days later, it was determined that he didn't have it. What was the point of even putting that news out there? It freaked people out...just for the sake of freaking people out. I had tickets to a show that night with my girlfriend, once that "news" came out, she didn't want to go. Eventually she relented and every 5 minutes that night, she was using hand sanitizer. Then finally, when it was revealed that he didn't have it, she was relieved. So at the end of the day, the news media reported that a guy went to the hospital with the flu and it freaked people out.

That is my complaint...news isn't being reported. Conjecture is being reported.

I wish the news media would stick with the facts. Stick with ways to protect yourself. The chances of anyone getting the coronavirus are extremely low, but listening to the news media, one would never know that.