New coronavirus in/from China

Post by **clv101** » 16 Mar 2020, 13:40

UndercoverElephant wrote:https://www.ccn.com/dow-jones-collapses ... now-wuhan/

Dow Jones Collapses Because New York Is Now Wuhan

Wuhan went into complete lockdown after 500 confirmed cases of the novel coronavirus Covid-19. New York City is now dangerously close to that same figure.

The financial collapse isn't getting anywhere near enough attention. WTI is now under $30. FTSE100 is down 33% in a month, Dow Jones is similar.

Vortex2 · Post by **Vortex2** » 16 Mar 2020, 13:44

clv101 wrote:
UndercoverElephant wrote:https://www.ccn.com/dow-jones-collapses ... now-wuhan/

Dow Jones Collapses Because New York Is Now Wuhan

Wuhan went into complete lockdown after 500 confirmed cases of the novel coronavirus Covid-19. New York City is now dangerously close to that same figure.
The financial collapse isn't getting anywhere near enough attention. WTI is now under $30. FTSE100 is down 33% in a month, Dow Jones is similar.

Those with available cash could do well out of this.

UndercoverElephant · Post by **UndercoverElephant** » 16 Mar 2020, 13:51

clv101 wrote:
UndercoverElephant wrote:https://www.ccn.com/dow-jones-collapses ... now-wuhan/

Dow Jones Collapses Because New York Is Now Wuhan

Wuhan went into complete lockdown after 500 confirmed cases of the novel coronavirus Covid-19. New York City is now dangerously close to that same figure.
The financial collapse isn't getting anywhere near enough attention. WTI is now under $30. FTSE100 is down 33% in a month, Dow Jones is similar.

I think the NYSE might simply shut down today, and stay shut. London won't open tomorrow. Or at least by the end of this week.

vtsnowedin · Post by **vtsnowedin** » 16 Mar 2020, 13:52

I have not opened my wallet in nine days. I did put a utility bill in the mail and money came into my checking account direct deposit as usual but my spending is way down. On top of that my truck hasn't moved so I'm about a tank of gas ($40) ahead.
Hospital called this morning to tell us all elective surgeries were cancelled and they had no idea when they would try to reschedule. We had already made that decision for us but were still covered by the blanket call.
All schools closed Wednesday with today and tomorrow for students to pick up books etc. while staff figures out what they can do on line. Most middle and high school students have cell phones and email and decent computer speed at home but the lower grades will be dependent on a parent to make something up. My youngest is a middle school teacher so will be home alone as well.

boisdevie · Post by **boisdevie** » 16 Mar 2020, 14:05

I'm in a dilemma and I know you're not medical people but I respect your intelligence. I'm a fit healthy 56 year old male. I have absolutely nothing wrong with me, take no medication and live a healthy lifestyle. However, I only have one kidney and I've read that Covid 19 does attack kidney function.
I could self isolate right now - I'd be letting down a customer What would yiou do?

Vortex2 · Post by **Vortex2** » 16 Mar 2020, 14:10

HMG reported cases : 1543 at 16th March

Yesterday my model suggested 1,936 HMG reported cases for today.

I think that they are measuring /non-testing differently now ... underreporting essentially.

vtsnowedin · Post by **vtsnowedin** » 16 Mar 2020, 14:16

boisdevie wrote:I'm in a dilemma and I know you're not medical people but I respect your intelligence. I'm a fit healthy 56 year old male. I have absolutely nothing wrong with me, take no medication and live a healthy lifestyle. However, I only have one kidney and I've read that Covid 19 does attack kidney function.
I could self isolate right now - I'd be letting down a customer What would you do?

I would self isolate and advise the customer to do the same.

Mean Mr Mustard II · Post by **Mean Mr Mustard II** » 16 Mar 2020, 14:22

Some banks and other vital services do run remote offices and the like. Good for them. It's a safe bet that many other vital orgs will have ignored their in-house / consulted Business Continuity advisers, to now be rushing all headless chicken, and failed to find remote sites (available for rent, sometimes triple-booked or worse) or have BCPs full of holes and overoptimistic assumptions, written up by toady Pollyanna types. Building resilience reduces profits, and thus bonuses, and certainly there's no glory in having a well thought out BCP, some of these only undertaken as regulatory requirements. No incentives to duplicate beyond that, because it Can't Happen Here.

Meanwhile the HM Govt advice is to expect 20% sickness rates at the height, this is such basic complete simplistic bollocks. Some open plan offices and pointless meetings will generate clusters. If it's that widespread - as Boris apparently wants - it could separately take down entire main and fallback teams - simultaneously. While others might be untouched.

The way I proposed running a Pandemic desktop exercise - sadly, not taken up, so the lesson wasn't learned. Decapitating entire sections. Or noting that most staff needed to stay the hell away to not risk contaminating the vital functions, oh but they ca't work from home so we're not giving them the week off!!! Or simple random sampling - telling team leaders that all their people with surnames beginning A to G were now taken down. What's the impact? In Scotland, take out all the Mcs and Macs. Wales, the EvansJones Mutant Strain runs amok.

Even worse was the idiotic tendency to relate the BCP role criticality (colour coded Red / Amber / Yellow / Green) directly to job status, in turn, to expertise and competence. (As extreme examples, it would probably now be very helpful to NOT have Trump or Boris working the problem...) And to then be overrruled from Upon High - told to repaint the 'non-critical' staff GREY in the plan, which had an immediate impact on their real-world morale...!

Place your bets now for random, severe, secondary fallout on the Fickle Fate Wheel of Fortune! Power for ATM terminals? Bank IT teams? Water supply, and especially sewerage workers who are exposed to the virus, yet those guys are literally downstream, right at the bottom of the shitpile. Nope, they'll be GREY. Just like the contaminated water they wade through. Leading to reduced or zero staffing. Then, the killer contaminated sewage floods from fatberg blockages backs up right onto the city centre streets? WTF??? Yeah, unthinking people resorted to flushing absorbent thick kitchen roll paper, instead of loo paper that dissolves - per the legal specification. Never thought of that one, eh.

vtsnowedin · Post by **vtsnowedin** » 16 Mar 2020, 14:26

Vortex2 wrote:HMG reported cases : 1543 at 16th March

Yesterday my model suggested 1,936 HMG reported cases for today.

I took yesterday's (3-15-2020) figure for the US of 2952 and projected it ahead *1.33/ day. I get 21,730 for next Sunday the 22nd. Today's projection 3726 actual 3774 or 48 over.

Post by **adam2** » 16 Mar 2020, 14:27

Vortex2 wrote:Is there any real risk that the ATMS close down?

Not a large risk, IMHO, but one should be prepared for even low probability events.

Individual ATMs may well run out of cash due to unusual levels of withdrawals, or due to sickness/staff shortage delaying replenishment.

vtsnowedin · Post by **vtsnowedin** » 16 Mar 2020, 14:35

Mean Mr Mustard II wrote:
Meanwhile the HM Govt advice is to expect 20% sickness rates at the height, this is such basic complete simplistic bollocks. Some open plan offices and pointless meetings will generate clusters. If it's that widespread - as Boris apparently wants - it could separately take down entire main and fallback teams - simultaneously. While others might be untouched.

.

Do you seriously think Boris or Trump have evil intentions aimed at any group of people rich or poor? How could that work out for them in a positive way before the next election?
You should admit that they are not that evil and events are sweeping them along against their wills. If they could think of something effective to do they would do it to claim the credit. There is probably nothing they can do that would be effective and if there was they are not smart enough to see it.

Little John · Post by **Little John** » 16 Mar 2020, 14:38

Dow down 10% already just for today in the first few minutes of trading. Footsie down 6%. Pension f***ed for another generation then

Mean Mr Mustard II · Post by **Mean Mr Mustard II** » 16 Mar 2020, 14:40

I think that they are measuring /non-testing differently now ... underreporting essentially.

Underreport an exponential and very soon the reported figures are seriously adrift from the actual. But, like keeping doomed cruise liners at bay, the headline figure looks so much better, and that's all that matters.

Mean Mr Mustard II · Post by **Mean Mr Mustard II** » 16 Mar 2020, 14:45

You should admit that they are not that evil

They both present as severe Narcissists, thus completely lacking empathy and compassion, and will manipulate, gaslight and lie to suit themselves and protect their shallow egos, at whatever cost to others.

Thus, they are both the very definition of Evil.

Wiki sez -

Elements that are commonly associated with personal forms of evil involve unbalanced behaviour involving anger, revenge, fear, hatred, psychological trauma, expediency, selfishness, ignorance, destruction or neglect.

Yup, that squarely nails 'em both.

stumuz1 · Post by **stumuz1** » 16 Mar 2020, 14:57

clv101 wrote:
UndercoverElephant wrote:https://www.ccn.com/dow-jones-collapses ... now-wuhan/

Dow Jones Collapses Because New York Is Now Wuhan

Wuhan went into complete lockdown after 500 confirmed cases of the novel coronavirus Covid-19. New York City is now dangerously close to that same figure.
The financial collapse isn't getting anywhere near enough attention. WTI is now under $30. FTSE100 is down 33% in a month, Dow Jones is similar.

Would it be a faux par to ask at what price people would buy the current ftse 100?

I have been out of the stock market since 2008, because of money printing.