Economic implications of a SARS/Coronavirus outbreak

[over9k]

There'll be a rescue package. They're not going to let their entire cbd go broke.

Too many politicians with too many investments that they don't want to see lost

 

[sptrawler]

There'll be a rescue package. They're not going to let their entire cbd go broke.

Too many politicians with too many investments that they don't want to see lost

I hope you are right, but as has happened many times through history, someone will step in to take the place of those who lose everything.
Sad but true, one persons pain is another persons gain, in these times.

 

[over9k]

Nah no way. There's no way there won't be some kind of government action. Maybe we'll even see the jobkeeper etc ended for everyone except victoria in the same way that travel's reopened for everyone except vic.

 

[sptrawler]

Nah no way. There's no way there won't be some kind of government action. Maybe we'll even see the jobkeeper etc ended for everyone except victoria in the same way that travel's reopened for everyone except vic.

I certainly hope so, it must be hard going for the Vics at the moment.

 

[over9k]

They all went out screeching black lives matter etc when everyone told them not to do it because it would spread the virus like wildfire and they went & did it anyway, so my sympathy is absolutely zero.

You reap what you sow.

 

[over9k]

Also:


In news that is no surprise to me at all, even on a green day in virus infected america, tech still leads the pack.



It's the same on both red and green days - tech's the best place to be. Highest gains, lowest losses. It's the best place to be in BOTH scenario's.

My stay-at-home tech is actually up significantly more than the tech sector as a whole today too, just like it is on every other day. It also doesn't drop on the red days - even when tech is negative, my stay-at-home stuff still climbs. I've had one red day in the last month.

I have absolutely no intention to sell any of my positions and will actually soon be opening up more. I'm still about 30-35% cash at the moment and will be deploying the entire remainder.

What I am saying is that this still has legs yet.

 

[Spaniel14]

Except the vast majority of Victoria’s cases have been transmitted from returned travellers to security at the hotel, and not from the protests...

I also noticed your entire portfolio is tech, can’t wait for the tech correction and your failed diversification.....

 

[over9k]

You sure about that spaniel? Cases spiked shortly after the protests and the first cases were even linked to people who were at them. Contact tracing becomes impossible from there on out.

 

[Spaniel14]

https://www.abc.net.au/news/2020-06...k-lives-matter-protests-family-spike/12391628

But please, don’t stop the bigotry just for us, we have to get our entertainment from somewhere while we can’t go to the footy.

 

[over9k]

You know you're dealing with a left wing loon when the word "bigot" is deployed. What's next, calling me a fascist?

First you said it was return travellers giving it to hotel security, then you give me a link saying it's family gatherings. Which is it?

The idea that mass gatherings of people, any mass gatherings of people, not necessarily but also including a protest, do not spread the virus, is absolutely laughable. I'd be saying the same thing about any idiots which formed crowds.

 

[Spaniel14]

I actually fall around where the UK Tories sit on the spectrum, and repeatedly vote Liberal. I just don’t appreciate people making unsubstantiated claims, or trying to tie a political agenda to everything - both of which you managed to do in a single post. We’re here to discuss the economic implications of COVID, yet you have somehow mistaken that for discussing sensationalist news headlines and bringing your own political views into it.

 

[over9k]

I'll repeat my previous statement:

The idea that mass gatherings of people, any mass gatherings of people, not necessarily but also including a protest, do not spread the virus, is absolutely laughable.

There is no partisan agenda here - I'm no fan of the liberals or the tories.

 

[Spaniel14]

First you said it was return travellers giving it to hotel security, then you give me a link saying it's family gatherings. Which is it?

The idea that mass gatherings of people, any mass gatherings of people, not necessarily but also including a protest, do not spread the virus, is absolutely laughable. I'd be saying the same thing about any idiots which formed crowds.

You so dearly follow the news in your stock market analysis, yet haven’t even been able to keep up with news at home? https://www.abc.net.au/news/2020-07-02/victoria-hotel-quarantine-breaches-inquiry-launched/12414612

I’m going to believe doctors over politicians and a simpleton.

Also, don’t be a ****. You edited your post while I was replying.

 

[over9k]

Oh look, more name calling!

You strike me as the typical kind of highly educated fool who thinks something can only be assumed true if it's proven in some kind of academic study. I deal with guys like you all the time. People with all the training & education in the world but absolutely zero common sense or intuition/gut instinct whatsoever.

If I traded based on academic studies and ABC news articles, I'd go broke within about five days.

I'll repeat myself a third time: The idea that a mass gathering of people doesn't spread the virus is absolutely ridiculous. Just because you can't prove it doesn't mean it didn't happen.

 

[Spaniel14]

You wouldn’t know me from Joe Bloggs, but this isn’t the first time you’ve applied sweeping generalisation to people you don’t know a thing about.

As always with everyone who disagrees with you, you have supplied exactly 0 sources of evidence other than your own “gut feel”. I have provided 2 sources of information with evidence supplied by Doctors who are specialists in disease and virus transmission. You don’t need an academic study, just basic credible evidence from a 30 second google search is normally good enough. Somebody’s say-so isn’t exactly a compelling argument. I have a gut feeling I’m going to win Powerball tomorrow but guess what, I won’t.

I’m sensing a slight chip on your shoulder against people with higher education as you jumped to that conclusion far too quickly, and you are far too hostile towards it.

Trading on gut instinct/intuition is called gambling. Highly recommend visiting here if it’s becoming an issue for you: https://www.gamblinghelponline.org.au/

Trading on what you call “academic studies” makes billions of dollars per year. Every analyst/quant globally has some form of higher education in “academic studies”, and use it to become successful.

 

[Spaniel14]

Some words of advice, highly recommend applying them here as a minimum but I’m sure would be helpful in other aspects of your life:

People will get along with you better, listen to and accept your opinions more often, and generally be more welcoming towards you if you drop the permanent “I’m right your wrong” attitude, and stop the repetitive attacking and petulant arguing that you seem to continually display.

We’re all friends here, we all have a common goal and a common interest. It should be easy for us to bond and have healthy debate, but damn do you make that difficult.

 

[over9k]

Ahahaha oh my god where to even begin with this.

I said "you strike me as the kind of person that needs academic studies to know something" and you replied with "I have provided sources and you have not". Like, could you have proven me any more right?

Next you call gut instinct/understanding, or intuition, how about 95% of all business decisions are made, which you would know if you'd spent even five minutes running a business, to be "gambling" (lol).

And then you think I have some kind of chip on my shoulder against the obviously so much cleverer and so much more sophisticated and educated people (like you, right?).

Well newsflash kid, I have 13 years of trading under my belt along with 1.5 bachelor's degrees and two masters. I know what value there is and isn't in your way of thinking. The fact that you think your way of understanding things is the only and/or superior way to understand things is precisely what tells me just how clueless (and young, which I can tell by the type of clueless) you actually are.

Only students and at best fairly fresh uni grads think (and talk) the way you do.

You're not very old, are you?

 

[Sdajii]

They all went out screeching black lives matter etc when everyone told them not to do it because it would spread the virus like wildfire and they went & did it anyway, so my sympathy is absolutely zero.

You reap what you sow.

The vast majority of Victorians didn't go to the protests. I sure as heck didn't go. I haven't been sick, I haven't done anything risky. I'm locked down. Most Victorians can say the same. Your attitude is appalling.

 

[Spaniel14]

This is tiring.

1) A news article isn’t an academic study. It’s a news article. Your 2 Masters degrees should have taught you what constitutes credible research evidence?

2) Not a single successful business makes business decisions on gut feel. Go ask any CEO if they operate their business on gut feel. Ever heard of due diligence? Every business decision is made with the most educated and factual view possible, to minimise the risk of things going bad. If your making business decisions on a whim, you’ll quickly fail.

3) So you started trading at 17? Considering trading accounts require you to be 18 for credit checks. 1.5 bachelor degrees (you can’t get half a degree, and you can’t claim you completed part of a degree. You either finish it or you don’t) and 2 Masters by the age of 30, I’m surprised you don’t have a PhD, MBA and MD under your belt as well? Or is it just more unsubstantiated drivel?

I’m not in a position where I need to prove myself to a random person on the internet, my self esteem hasn’t quite dropped that low where I’m looking for approval at every opportunity. So I will ignore the jibes about “kiddo” and calling me clueless... at least I don’t think businesses make impulse decisions on gut feel (that gave me a right crack up!)

 

[over9k]

Sure, but there wasn't exactly a lot of public outrage/uproar against the protests going ahead was there?

edit: post i replied to was deleted?