RayLopez

Why isn't the market down 1000 points by now? 2/14/20 7:05 AM GMT
How is the present, with Coronavirus*, Greek debt at 1% yields, Tesla at 400 $/sh, not like March 2000 euphoria?

*Headline: Bloomberg News: Coronavirus Could Infect Two-Thirds of Globe, Research Shows By John Lauerman February 13, 2020, 5:28 PM GMT

Update: after President's Day, Monday, Feb 17, 2020, will the below news gap down the market on Tuesday? Why not? Might Trump overreact and declare some emergency vs China? WWIII? I think the market has not discounted this news at all. - RL

PUBLISHED: 13:22 GMT, 16 February 2020 | UPDATED: 16:00 GMT, 16 February 2020

Did coronavirus originate in Chinese government laboratory? Scientists believe killer disease may have begun in research facility 300 yards from Wuhan wet fish market
Beijing-sponsored South China University of Technology concludes that 'the killer coronavirus probably originated from a laboratory in Wuhan'
It points to research on bats and respiratory diseases carried by the animals at the Wuhan Center for Disease Control and the Wuhan Institute of Virology
WCDC is just 300 yards from the seafood market and is adjacent to the hospital
By ROSS IBBETSON FOR MAILONLINE

PUBLISHED: 13:22 GMT, 16 February 2020 | UPDATED: 16:00 GMT, 16 February 2020

Comments (8)
No. 1-6
Latkes
Latkes

Coronavirus cases will die down in spring.

ksdude69
ksdude69

Well duh we have the digital zero machine.

Sechel
Sechel

Why isn't the Dow down 1000 points. I could have said the same thing at any point during the previous decade. The market is over-valued. You can pick your catalyst but the core reason is over-valuation

njbr
njbr

....Coronavirus cases will die down in spring....

It's 82 degrees in Singapore this morning--and there is an outbreak there.

It's 74 degrees this morning in Hanoi--and there is an outbreak in northern Vietnam.

It's 54 degrees this morning in Wuhan--and there is an outbreak there.

It's 52 degrees this morning in Yokohama--and there is an outbreak there.

What do you define as "spring"?

1 Reply

Latkes
Latkes

67 cases in Singapore, 16 cases in Vietnam... drop in the ocean. Anyway, spring doesn't mean that it's impossible for the virus to spread. Just more difficult. It changes the dynamics of the epidemic.

Latkes
Latkes

There has been a string of Hindenburg omens, so you may get your wish soon. This indicator has predicted 200 out of the past 5 crashes.

CautiousObserver
CautiousObserver

@Latkes: Do you have any evidence-based sources to back up the assumption that COVID-19 will disappear in the spring?

Looking briefly at research published on the internet, I see that the infectivity of Flu virus effectively drops to zero when the temperature is 30C (86F). In the case of SARS however, the infectivity is still substantial after 24 hours on a surface at 33C (91.4F). Since COVID-19 is caused by SARS-COV-2, which is a coronavirus that is a relative of SARS, one would expect it also will have a much better survival rate in warm temperatures than Flu. I have also noticed that recently some high profile CDC individuals have said "We do not know" when asked whether or not COVID-19 will stop circulating at the end of Flu season.

For reference:

"The Effects of Temperature and Relative Humidity of the Viability of the SARS Coronavirus"

"Roles of Humidity and Temperature in Shaping Influenza Seasonality"


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