Wall Street tumbles, Dow confirms bear market
“Concerns over the fast-spreading virus have ravaged markets and hobbled supply chains as countries around the world grapple with how to contain both the virus and its economic impact.”
“As part of those efforts, the U.S. Federal Reserve is widely expected to cut interest rates for a second time this month at the conclusion of a two-day monetary policy meeting next week.”
“The Dow Jones Industrial Average .DJI fell 1,464.94 points, or 5.86%, to 23,553.22, the S&P 500 .SPX lost 140.85 points, or 4.89%, to 2,741.38 and the Nasdaq Composite .IXIC dropped 392.20 points, or 4.7%, to 7,952.05.”
“All 11 major sectors in the S&P 500 ended the session sharply lower.”
https://www.reuters.com/article/us-usa-stocks/wall-street-tumbles-dow-confirms-bear-market-idUSKBN20Y1FR
At least then I know it won’t take longer than the 9 days (hiding away in those threads), and hopefully a sheet on the car seats will do. Read various studies that talk about half-life and things like that, but numbers are still elusive. I guess we just over-care and hope.
Provides an interesting take on things, as usual.
https://ourfiniteworld.com/2020/03/11/it-is-easy-to-overdo-covid-19-quarantines/#more-44860
I’ve had some pretty interesting Covid conversations with my 23-year-old daughter who is working fulltime in food service while finishing her last semester of undergraduate study at our state university. She’s probably more informed about the virus spread than many her age, given my level of awareness and preparations.
[For context, I’m at the tail-end of recuperating from a serious illness from last year and rebuilding my stamina and immunity. I’m taking precautions (e.g., wearing gloves and respirators, using sanitizers, avoiding crowds and anyone obviously ill) but I don’t appear to be sickly. My daughter has been enormously supportive throughout.]
Here are some of her observations (without my counter-arguments during these very teachable moments):
- Most people think this whole “virus thing” in the US is overblown and people are over-reacting. Most people aren’t going to get sick, and if so, it’s just like a bad cold or the flu and nothing to really worry about. Just wash your hands, sneeze into your elbow, and avoid obviously sick people.
- People are offended with those who wear “masks” because masks won’t protect you from the virus; and it [read: “hoarding”] reduces the masks from being available for people who really do need them (e.g., health care workers).
- Younger people in particular think wearing a mask makes someone look “stupid” or “ignorant” and that the wearer is either sick (and should therefore be avoided) or that the “mask” wearers think others may be sick just because they are of a certain race or nationality (i.e., a “micro-aggressive” or xenophobic reaction), so the wearer should be avoided and those socially unacceptable (non-PC) behaviors/views shunned. My daughter emphasized that she doesn’t hold these views about those who wear “masks”, but was just letting me know how others might react to me wearing a surgical mask, respirator or gloves in public.
- Her university sends out several emails a day re: coronavirus about not attending class if sick (one of her professors apparently didn’t get/follow the memo on that one), to call ahead to Student Health Services with symptoms for triage, prevention strategies (e.g., wash hands, use sanitizer). The university has a Covid-2019 FAQs page, which includes this statement, “In the U.S., flu is currently a far bigger threat to the general public than coronavirus,” with lots of references to CDC and the CalState Chancellor’s office, which also references to CDC and US State Dept. for travel information resources. Note: no university guidance/information on Covid-2019 testing.
- Apparently students believe/are told the university has three different “plans” for different Covid-2019 scenarios:
Plan A, no one gets virus (tests positive), so BAU with near-term events to be assessed on a case-by-case basis;
Plan B, one or only a few students/university personnel get virus, close school for 2-4 days, clean, trace and track contacts, assess next steps, leave it to instructors’ and immediate supervisors’ requirements during the short 2-4 day closure (i.e., on-line alternative, extended due dates for assignments, rescheduling activities);
Plan C, more/a cluster of students or personnel test positive, school closes down for to-be-determined time period, classes, meetings and other events cancelled and/or completed remotely (on-line, independent study). - She and other students are concerned about the disruptions, missing out on college experiences, socialization, unfinished school projects, and delayed or derailed academic/degree progress and graduation.
- She and other students believe that they’ll be released for spring break. But if there’s Covid cases on campus, then the university may curtail/close in-person activities for the remainder of the semester. She knows students and school personnel will be traveling to places where Covid is prevalent and is concerned that infected travelers may expose others upon their return.
- She’s aware of and dismayed at the possibility that this may impact graduation ceremonies and celebrations, including her own.
- She has friends with travel plans to US destinations and abroad during spring break. Some of those trips/activities may be cancelled as parents are voicing concerns for their children’s health, safety and potential for being stranded during quarantine and possible area lock-downs.
- Students are tempted by “stupid cheap” “great” deals in air travel. She has a friend who booked a round trip to Florida. The air fare was $0.01 (yes, one cent!) and the total costs with fees was about $26.
- She also has another friend whose mother is a nurse at a hospital in/near Tracy, CA. Her friend reported that hospital personnel encountered a (suspected/confirmed?) Covid patient, had to “shut down” the hospital (floor?) temporarily for cleaning, and transferred the patient to another hospital.
My daughter is very bright and thoughtfully considers alternative evidence and views than those pushed by the government and health “authorities”, MSM and social networks. But, as a parent, it is really infuriating to have to refute the misinformation being spread by these incompetent, negligent entities.
She and other young people her age are aware of and concerned about the coronavirus, but are in various stages of CDC-curated denial about the seriousness of the disease. There’s also fear underlying this denial as these young people contemplate their world and futures being “highjacked” by something invisible, pervasive, and potentially debilitating and deadly.
As Chris so aptly reminds us, “It didn’t have to be this way.”
I wanted to put the link to the new PP video on You Tube as a Forum topic so the comments there would be in response to just the latest video but I don’t know how to start a new Forum.
Can anyone else oblige please? And let me know how it’s done too.
A friend who has been following all your videos, Chris, tells me that the Canadian testing and case numbers really are:
Ontario 36 (2747 tested)
British Colombia 39 (2803 tested)
Quebec 7 (can’t find testing data–not surprised)
Alberta 14 (2018 tested)
First case on Vancouver Island 
Not unexpected, but not wanted either, as is the case elsewhere…
https://globalnews.ca/news/6663168/coronavirus-bc-health-daily-update/
Jan
The most common issue I’m hearing from the young is that all these restrictions (cancel trips, events, classes) are unnecessary [stats say they won’t get sicker than a cold or flu].
They are mad because this is interfering with their lives: Their fun trips, their education, their career plans.
My daughter was particularly bummed out when the Houston Rodeo was cancelled, since she’d been planning on going to a concert by one of her favorite performers. She’s also resistant to wearing gloves in high risk locations because people will think she’s weird. The thing that does make an impression is the need to protect other people. She’d wear a mask and quarantine if she thought she was sick, but keeping a normal life seems to outweigh the risk of a nasty virus.
As of 3/11/20 there are 5 confirmed Covid-2019 cases within California’s San Joaquin Valley (SJV) eight-county region.
The San Joaquin Valley (SJV) is about 250 miles long and has a population of just over 4.08 million. The SJV, known as the “breadbasket of the world,” is the world’s fifth largest supplier of food and agricultural commodities. (Source). Nevertheless, severe drought conditions during 2012-2016 devastated the SJV’s agricultural-based economy, which has still not yet fully recovered.
The SJV region is also known for its high poverty rates, seasonal/mobile workforce, and high rates of un/under-insured residents–factors that may contribute to pandemic spread. In addition to its potential health impacts, the coronavirus pandemic poses new, significant threats to the region’s economy and the world’s food and agricultural supply.
Information concerning Covid-2019 testing and status of those tested in the SJV is woefully (intentionally??) incomplete and uneven across county health departments. These county public health departments, in consultation with the California Department of Health, have authority and discretion as to if, when, and what data and information they report publicly concerning Covid-2019.
Today, there were two confirmed Covid-2019 cases in my county, Stanislaus; and 1 confirmed case in neighboring San Joaquin County.
PP members who live and/or have connections within the SJV region may want to save these links below for future reference as the number of cases is sure to increase through community spread and more readily available testing.
Stanislaus County, CA: 2 test positive for Covid; 17 pending test results; 8 negative; 37 monitored (cumulative)
http://www.schsa.org/publichealth/pages/corona-virus/
San Joaquin County, CA: 1 confirmed Covid case (a Grand Princess cruise ship passenger but NOT on the cruise that is currently disembarking in Oakland (i.e., an earlier cruise??))
http://www.sjcphs.org/assets/20200310_PR%20PHS%20REPORTS%20FIRST%20CONFIRMED%20CASE%20OF%20CORONAVIRUS%20DISEASE%202019%20COVID-19.pdf
Merced County, CA: no confirmed cases
http://www.co.merced.ca.us/DocumentCenter/View/23698/COVID-19-Daily-Status-Update-31120?bidId=
Fresno County, CA: 1 confirmed case (travel related)
https://www.co.fresno.ca.us/departments/public-health/covid-19
Madera County, CA: 1 confirmed case; 7 being monitored
https://www.maderacounty.com/government/public-health/health-updates/corona-virus
Kings County, CA: no confirmed cases
https://www.countyofkings.com/home/showdocument?id=21652
Tulare County, CA: no confirmed cases; 5 being monitored
https://tchhsa.org/eng/index.cfm/public-health/covid-19-updates-novel-coronavirus/
Kern County, CA: no confirmed cases
https://kernpublichealth.com/2019-novel-coronavirus/
Thank you Jim H for taking the time to read my post and to comment.
That linked article was from 2017 not 2010 as I posted. Try this link (phase I study from 2010) https://www.researchgate.net/profile/Bernhard_Peball/publication/276411091_rhACE2_Cloning_to_Clinic/links/5559014b08ae980ca61058d3/rhACE2-Cloning-to-Clinic.pdf?origin=publication_detail
The link I originally mistakenly posted does however underscore my contention, as it received heavy Big Pharma funding.
The report was interim and not completed after 39 of the original 60 ICU patients dropped out.
A larger study on individuals a bit earlier in their clinical course would be more reflective of true hr ACE2 efficacy.
The study was designed to fail.
I don’t think you plan to commence your chloroquine therapy when you are in the ICU.
I appreciate that info!