Sorry, but that is not at all accurate. Completely false. You have not even had one quarter of negative growth yet. Let alone consecutive ones.
OT: Coronavirus (COVID-19) thread
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LORDE
I am Lorde, YA YA YA
Crease
Chief Justice of the HFNYR Court
- Jul 12, 2004
- 24,776
- 27,726
Technically speaking, we're in a bear market not a recession. A recession is likely coming though.
LORDE
I am Lorde, YA YA YA
The bolded is the key part here. Until we know how the US responds (having poorly responded out of the gate) we won't know.
You already have companies closing, laying off and telling folks to work from home. Sports is merely a microcosm of what is occurring globally.
Everyone thinks they're gonna Netflix and chill but no one thinks about who runs Netflix or who makes that pizza you're going to have delivered.
This will get way worse before it gets better.
will1066
If you score four, you better f'n win the game
- Oct 12, 2008
- 52,440
- 75,560
A few days is not going to change the fact that the previous quarter had positive growth.
will1066
If you score four, you better f'n win the game
- Oct 12, 2008
- 52,440
- 75,560
Thanks. I made them. Time on my hands. One more.
I've got another, but I think I'll be banned for it lol
aufheben
#Norris4Fox
Damn, I really need a haircut but I’m afraid to go get one lol
GordonGecko
First Ping Pong Ball
Yeah, we're at the front end of the impact - people haven't really started dying yet in the US. We need TESTING like there's no tomorrow. I'm talking about on the spot results and testing every single 300M+ American multiple times so you know exactly where this thing is like they're doing in South Korea
Crease
Chief Justice of the HFNYR Court
- Jul 12, 2004
- 24,776
- 27,726
MyLoveIsBlue
Registered User
- Feb 20, 2015
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I think longer term investors we will look back at this period of bonafide crisis and say... why the hell didnt I buy.
will1066
If you score four, you better f'n win the game
- Oct 12, 2008
- 52,440
- 75,560
Whoa.....let's relax here just a bit.
No matter what you think of the government, like them or not, while slow responding out of the gate, the last 48 hours there has been a significant step forward. Between sporting league being canceled, parades being canceled, schools shutting down and companies having people work from home, that is a fairly massive thing. And what places like Italy did not do. People continued to attend sporting events People continued to go to the Vatican and other sites.
And while companies are either having people work from home, or having rotating people work form home, that is FAR from companies laying off people to cope with this. Nothing could be further from the truth.
Netflix will stay on. So too will pizza deliveries (for those that will order out). Yes, the numbers count will get worse. It has to. It was always going to. But both the federal government and the state governments have taken pretty big steps already.
Could this lurch the economy into a recession? Off course it could. But it is not there yet and is probably about 50-50 of getting there. If a recession does occur, it could very well be very steep but also relatively short lived. That is the more likely outcome, given what all of the economic indicators that were showing prior to this.
MyLoveIsBlue
Registered User
- Feb 20, 2015
- 2,503
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So for some fun convo. I'm part of a matchmaking service and my matchmaker said that they had a meeting and people are reassessing their lives and are open to dating. So maybe the Coronavirus is going to get a lot of people laid.
That is completley accurate. Most real money guys and asset managers, providing that they will make it through, will be looking to wait and pick up assets cheap.
NYSPORTS
back afta dis. . .
- Jun 17, 2019
- 7,993
- 4,459
no, not even close. We have never seen anything like this.
Crease
Chief Justice of the HFNYR Court
- Jul 12, 2004
- 24,776
- 27,726
The only free lunch in investing is long-term index funds. I know I'm looking at this as an opportunity to gobble up more shares, but I'm on a 30 year investing timeline. The trick is to just set it and forget it. Resist the urge to check your numbers.
The wibe was a bit scary back then too, I had a new born with temporary cold related asthma and we were recommended to get vaccine but the vaccine was out all over.
I don’t quite get the difference though. There were no attempt to stop it from spreading back then.
will1066
If you score four, you better f'n win the game
- Oct 12, 2008
- 52,440
- 75,560
will1066
If you score four, you better f'n win the game
- Oct 12, 2008
- 52,440
- 75,560
That's what I'm doing now. I took a look last week, when the market first began tanking, and I lost 10 Gs within days.
I think our experience with the swine flu and other diseases and media sensationalism is why a lot of people didn't take this seriously for a while.
NYSPORTS
back afta dis. . .
- Jun 17, 2019
- 7,993
- 4,459
it could be our Government’s experience with the swine flu and other diseases . . . .
redwhiteandblue
Registered User
- Apr 1, 2013
- 1,112
- 1,032
I’ve been traveling cross country for work since Tuesday early. I’m currently in the airport in St Louis and heading to Tampa before back to New York. I feel pretty normal as of right now. First leg of my trip was from Newark to San Diego.
Not sure what all of this means as of right now other than I’m in day 4 of what could potentially be a 2-14 day period where I’d see signs.
I also was in Orlando for an international trade show last month. I met plenty of people both domestic and foreign. I shook a lot of hands and was close to a lot of people. I haven’t felt anything close to sick yet. I think it would be fair to say I have had a pretty susceptible chance to be infected and thus sick but nothing yet.
I believe a bit of this is hyped up. US stumbled out the gates but has taken the appropriate steps necessary to recover the course of action. Although I believe the media is being and has been irresponsible for fear mongering the whole world, there needs to be action taken to limit it.
I find it funny people compare what’s happening here to Italy. As if their infrastructure is anything compared to ours. Not to mention they are a much more elderly population. It’s absurd to me all this hype and inspiration of fear but no one wants to help keep and maintain peace and order. China has leveled off, things are safe. Not to mention at its worse, it has been tough for elderly 70-75 and older and anyone with pre-existing medical conditions. Not the normally healthy.
My Uber driver here in St Louis said they had their confirmed case happen recently. The girl was an exchange student abroad in Italy. She is completely healthy and thriving now.
There is a lot of people way off base with their interpretation of what’s happening and a lot of very irresponsible people in the media, even if there was a level of action needed.
Not sure what all of this means as of right now other than I’m in day 4 of what could potentially be a 2-14 day period where I’d see signs.
I also was in Orlando for an international trade show last month. I met plenty of people both domestic and foreign. I shook a lot of hands and was close to a lot of people. I haven’t felt anything close to sick yet. I think it would be fair to say I have had a pretty susceptible chance to be infected and thus sick but nothing yet.
I believe a bit of this is hyped up. US stumbled out the gates but has taken the appropriate steps necessary to recover the course of action. Although I believe the media is being and has been irresponsible for fear mongering the whole world, there needs to be action taken to limit it.
I find it funny people compare what’s happening here to Italy. As if their infrastructure is anything compared to ours. Not to mention they are a much more elderly population. It’s absurd to me all this hype and inspiration of fear but no one wants to help keep and maintain peace and order. China has leveled off, things are safe. Not to mention at its worse, it has been tough for elderly 70-75 and older and anyone with pre-existing medical conditions. Not the normally healthy.
My Uber driver here in St Louis said they had their confirmed case happen recently. The girl was an exchange student abroad in Italy. She is completely healthy and thriving now.
There is a lot of people way off base with their interpretation of what’s happening and a lot of very irresponsible people in the media, even if there was a level of action needed.
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