59 million infected and 12,000 deaths. Crickets from the media when Obama waited 5 months to declare an emergency. 100 million media mentions for SARS vs 1.1 billion mentions for covid 19. Really makes you think
It is a great time to buy stocks!
When there is blood in the streets, meaning people are the most worried - is the time to be a contrarian and buy like a son of a bitch!
That being said, before this stoks we're not really oversold.
If you look at the s&p 500 price earnings ratio, specifically a graph or a chart. It was still bouncing around in the high end of normal territory. There's a huge, monstrous spike that coincided with the great recession. Now that was fucking oversold!
Before this Coronavirus sell started, I'm still in healthy territory.
When the media realizes they aren't getting any more sensationalized ratings results from covering CV 24 hours a day, then they'll start to move on. People are about at the point of over-saturation with CV coverage. When that happens, they tune out and try to go back to normalcy. As soon as CV coverage fades out, the market will move positive on a consistent basis.
As an aside, are we expecting POTUS to declare a National Emergency on this. I know the Dems are wanting it, and I can see both benefits and drawbacks.
On the plus side: it would free up federal resources to states as preventative measures, activate the EAS to allow Presidential messages to be sent to phones and media, and would give him more power to act than in ordinary circumstances.
On the downside:it invokes fear and panic, gives the left the narrative that he's become a dictator, and would serve to harm the markets even worse than they've already been damaged.
People have already forgotten about WW3 with Iran back in January. What happened to that? Remember the media hysteria? And now it’s just... gone. Don’t be surprised if the same thing happens here. “Hey, remember when the CoronaVirus was the apocalypse and the media was running around in a dempanic?” “Yeah, vaguely.” “Whatever happened with that anyway?”
people are working from home for a month and schools are closed for the next 6 weeks. we're well beyond this thing blowing over and just forgetting about it. maybe you're not in one of the affected areas, but normal life is totally disrupted in seattle in a big way that none of us have ever seen in our lifetimes. The consequences of the actions taken over the past 2 weeks are going to be far reaching, and quite frankly I think this is another 9/11 moment in which certain freedoms will never be restored. The dems are taking full advantage of this situation to make a huge power play.
we're all going to remember this for a long, long time.
Follow up Tweets:
Sleepy Joe Biden was in charge of the H1N1 Swine Flu epidemic which killed thousands of people. The response was one of the worst on record. Our response is one of the best, with fast action of border closings & a 78% Approval Rating, the highest on record. His was lowest!
“The Obama White House had to immediately issue an apology for Joe Biden’s remarks, and any alarm that he might have caused, an alarm about a Swine Flu outbreak that took 6 months for President Obama to declare a National Emergency, and that killed 12,000 Americans.” @LouDobbs
https://en.wikipedia.org/wiki/2009_flu_pandemic_in_the_United_States
59 million infected and 12,000 deaths. Crickets from the media when Obama waited 5 months to declare an emergency. 100 million media mentions for SARS vs 1.1 billion mentions for covid 19. Really makes you think
Good point. What happened to the stock market then? Were there big money players sending it down to add to the panic?
75% of the trades were done by computer algorithm
It is a great time to buy stocks! When there is blood in the streets, meaning people are the most worried - is the time to be a contrarian and buy like a son of a bitch!
That being said, before this stoks we're not really oversold. If you look at the s&p 500 price earnings ratio, specifically a graph or a chart. It was still bouncing around in the high end of normal territory. There's a huge, monstrous spike that coincided with the great recession. Now that was fucking oversold!
Before this Coronavirus sell started, I'm still in healthy territory.
When the media realizes they aren't getting any more sensationalized ratings results from covering CV 24 hours a day, then they'll start to move on. People are about at the point of over-saturation with CV coverage. When that happens, they tune out and try to go back to normalcy. As soon as CV coverage fades out, the market will move positive on a consistent basis.
This one has a simple explanation: SARS was from November 2002 - May 2004.
Before Youtube (2005). Facebook was still in its infancy (started Feb 2004). Before Twitter (2006). Social media has made everything stupid.
This part is understandable; the internet is much bigger than it was when SARS happened, so there are more mentions of Covid.
As an aside, are we expecting POTUS to declare a National Emergency on this. I know the Dems are wanting it, and I can see both benefits and drawbacks.
On the plus side: it would free up federal resources to states as preventative measures, activate the EAS to allow Presidential messages to be sent to phones and media, and would give him more power to act than in ordinary circumstances.
On the downside:it invokes fear and panic, gives the left the narrative that he's become a dictator, and would serve to harm the markets even worse than they've already been damaged.
So what's is best course of action?
We’ve been through a lot worse people!
Y2K, Killer Bees, Medfly, Red Food Dye #40, Colored Toilet Paper, The Ebola Scare, The SARS Virus, The Swine Flu and The Cold War.
People have already forgotten about WW3 with Iran back in January. What happened to that? Remember the media hysteria? And now it’s just... gone. Don’t be surprised if the same thing happens here. “Hey, remember when the CoronaVirus was the apocalypse and the media was running around in a dempanic?” “Yeah, vaguely.” “Whatever happened with that anyway?”
people are working from home for a month and schools are closed for the next 6 weeks. we're well beyond this thing blowing over and just forgetting about it. maybe you're not in one of the affected areas, but normal life is totally disrupted in seattle in a big way that none of us have ever seen in our lifetimes. The consequences of the actions taken over the past 2 weeks are going to be far reaching, and quite frankly I think this is another 9/11 moment in which certain freedoms will never be restored. The dems are taking full advantage of this situation to make a huge power play.
we're all going to remember this for a long, long time.
But Comrade Inslee tells me that this situation is unprecedented!
We've also been through the 2016 election, which was scarier and more dangerous for Americans than all those other things put together.
And we came out on top!
And we'll come out on top again!
Five times. I've died at least five times.