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Friday, February 28. 2020

Loserthink on the new coronavirus

Scott's podcast today, with Scott stoned. He's a better talker stoned than 99.9% of people cold sober. 


Virus panic is making a lot of adults act insane. The stock market, though, makes sense in its own crazy way because of supply chains, etc., and it always overreacts anyway. Good buying opportunity, as I see it.


With all the news hype, I wonder what our readers think about this phenomenon whether the news hype aspect, the medical aspect, or the panic.

Posted by The News Junkie in Hot News & Misc. Short Subjects at 17:05 | Comments (14) | Trackbacks (0)

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We all know why the "news" handles these things the way they do. It sells! It's sexy and exciting.

Sober and judicious news does not sell.
#1 Bird Dog on 2020-02-28 18:31 (Reply)
Exactly so.
#1.1 snopercod on 2020-02-29 08:04 (Reply)
Well since you asked...

Me two cents izz:
The virus will probably make it around the world, and become added to the soup of cold and flu bugs. Travels ban, quarantines and isolation which the US just started will delay its spread here, probably until next winter or at least next fall - school season.

By the time it gets here, there will be reasonably good treatments for those who get to complications, but just like flu it won’t be possible to save everyone. If you have bad lungs, bad heart or already 80 years on Earth you aren’t automatically gone, but your ice is thin.

Otherwise, it’ll be an issue for about a year and a half, after that nearly everyone will have been exposed. Three years from now, a) there’s at least one vaccine and b) you’ve probably had it already. By this time it fades into the background, causing the occasional ER visit, being the target of the usual health scams but overall life is as usual.
IF there’s a nationwide epidemic of handwashing and not rubbing one’s face then there will be a ‘surprise’ drop in stomach bugs and various infectious disease, including colds and flu. Wouldn’t count on it, people love bad habits.
#2 BarnCat on 2020-02-28 18:36 (Reply)
That was worth more than 2 cents. Thanks.
#2.1 snopercod on 2020-02-28 19:20 (Reply)
You're way off on the "3 years for a vaccine," as the Israelis appear to have one under development RIGHT NOW! Maybe six months is more like it.

As for the stock market, Deep State players taking profits before they get hauled in for their nefarious schemes/crimes against humanity, such as sex and human trafficking!

Those fancy defense lawyers cost a $1,000/hr now, don'tcha know!
#2.2 Old Codger on 2020-02-29 12:43 (Reply)
95% overstated. Snore.
#3 walt reed on 2020-02-28 18:57 (Reply)
It is much more dangerous than Americans have been told.
#4 Jim on 2020-02-28 20:22 (Reply)
My thoughts about this are summed up by $50,000 buy in the market today
#5 rick9911 on 2020-02-28 20:32 (Reply)
Well played. I'm not in your league but couldn't help thinking today that this would be a great time for heavy hitters to be buying.
#5.1 Gene on 2020-02-28 22:10 (Reply)
I seem to be at ground zero for West Nile virus and EEE, plus some new unpronounceable mosquito-spread plague, in addition to Lyme disease. (Yes, Massachusetts.) Over all, I'm not too worried about a green solution to China's problem of dealing with all those unproductive old people.
#6 Gene on 2020-02-28 22:26 (Reply)
Too little confirmed information at this point to really know anything for sure; being a bit extra careful is wise (i'm still going to Montana next week to ski, but I wouldn't take a trip to Asia for any reason right now).
I thought the stock market was over-valued anyway, overdue for a correction. I think its wise to buy the dip slowly, you're not going to pick the bottom, but I think there's a good chance we'll also see lower prices in coming months.
#7 bk on 2020-02-29 07:16 (Reply)
If you have a Chinese supply chain you have trouble...otherwise people living in countries with good health care and rational people should have no big problems.
#8 indyjonesouthere on 2020-02-29 09:13 (Reply)
Good chance to buy low. If you're wrong, it probably won't matter any more.
#9 Texan99 on 2020-02-29 11:04 (Reply)
In three weeks we'll know enough in the US to make a proper assessment, given the timeline of outbreak, incubation period, and rate of transmission. I'm not taking this lightly, because regardless of media hype, China and the rest of Asia are taking drastic actions.

Supply chains will be emptied out by mid March (date of China shutdown plus 3 weeks sea.) Check freight rates back to China for any signs of a return to normal -- that's another 4-6 weeks.

If the net result is to increase people's self-reliance, good! Don't wait for FEMA.
#10 gpc31 (Link) on 2020-02-29 21:31 (Reply)

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