Posted on 02/28/2020 9:20:25 AM PST by TigerClaws
Maybe but the threat appears to be real.
Why have the governments of ALL countries affected taken extreme steps to stop its spread?
Why did the US ban flights from China? Why is Italy cutting off entire towns to stop its spread? Why did Japan close all schools for a month? Why has Israel essentially shut down travel?
Understand that countries are doing things that are unprecedented in modern times to try and stop this. If it's NOT a big deal why are they essentially shutting down their economies (China, South Korea, Japan etc) to try and deal with this?
I don't think the stock market is pancking. It's all about supply chain disruptions. China has stopped what....70% of exports. South Korea and Japan are about to do it if they haven't already. Our society runs on Just In Time model. Nobody keeps large inventories because it's considered wasteful.
Stocks were probably overpriced and a 10-15% correction was in order and predicted, this was just the impetus.
Wow! The Daily Mail is going all out to start panic.
I never said anything about it not being real. It’s as real as SARS or Ebola or anything else we’ve seen. Some seem to be doing an excellent job of handling this (Singapore is a great example).
What I said was that there are people invested in creating panic. This is true of the MSM for political reasons as well as just to ‘sell copy’ and among some FReepers who seem to be cheering this thing on and are disappointed whenever any positive news comes out.
Since I live in Florida, my wife and I buy some staples to keep on hand for Hurricane Season. We’re not worried about the virus, but we’ll probably just buy our hurricane staples a little earlier this year. That’s the only change we’re going to make. Why worry about stuff you really can’t control anyways. Go live your life, and if it’s your time to go, then someone above your pay grade is going to make that decision...
I don’t know if it’s accurate but I did hear that Corona beer sales took a noticeable hit when the coronavirus first became big news.
That won’t last because no dedicated beer drinker will let a plague virus interfere with their favorite brew even if it was to blame.
So you are not leaning towards Jamie Dimon working with George Soros to sell clients stocks to generate a manufactured sell off? Why isn’t copper or zinc crashing?
It is. Want to see why they were effective? Go here:
https://en.wikipedia.org/wiki/2020_coronavirus_outbreak_in_Singapore
They have taken steps that we haven't even come close to in the US yet.
I imagine many will assume it’s the cure :-)
They ought to use that in their new ads.
REPORT:
Costco was a little busier than normal, but this is the time for monthly SS payments, so that was probably most of it, although I did see a few people stocking up on bottled water and toilet paper, and truth be told, I’m about to order some extra ammo.
I don’t think we have anything to worry about, but Mrs. Chandler is buying the line about needing extra ammo. Never let a crisis go to waste.
Oh these reporters should go to a Michigan grocery the days before Christmas and Thanksgiving if you want to see “panic buying”. LOL!
Probably a run on batteries too, why, I haven't a clue.
Corona Extra...
Chinese noodles
An array of pantry-filling foods
Clorox Wipes.
Big sales... if not already open 24-hours, announce extended hours. Offer recommendations to properly stock a pantry...
A win-win as people should prepare and they really should have months of foods on hand.
Yeah that along with New Year’s Eve - if you weren’t a Michigander you would think the Apocalypse was under way.
Uh huh....
And the cases are exploding in the US like they are in Iran and South Korea are they? No. We’ve had patients here for weeks (several recovered), and we’re only at 60. Stop being such a doomsayer. Yeah sensible precautions are warranted, but this is not the end of the world.
Or are you shorting the market? Is that your game with some of the other ‘sky is falling’ group? Playing the short?
Your advice is prudent.
A reason to be concerned? Yes.
A reason for full-blown panic? No.
What’s been going on over the past few days is ridiculous.
The media just using it to keep people all wound up, partly for ratings, and partly because they think it will damage Trump.
Singapore is not a democratic country. It’s sort of a soft dictatorship. And it only has 5 1/2 million people.
You can do things there with the accepted levels of government control that you could never do in a country of 330+ million where everybody has individual rights.
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