patrick.net

WookieMan says

I'm still astonished how overblown this is though.

I al also amazed at the panicking and stupidity that I am seeing. It's not just the unwarranted stock selling. Even cruise lines will recover. It's the people buying out bottled water. Why the fuck are people doing that???

Sheeple. And these people are allowed to vote. This is EXACTLY why we have the Electoral College.

https://finance.yahoo.com/m/f31bc192-da1c-3125-b677-c0f15afcf1e9/the-coronavirus-has-sunk.html

The coronavirus has sunk cruise line stocks — now it’s time to buy them

“Redeployment of Asian ships can work for a while, then you cut pricing and people are unlikely to go. So you may have one or two quarters where you have much lower revenue,” Buckingham said during an interview Feb. 28. “The question is three to five years from now. In the fullness of time, my belief is people will get back to cruising.”

Professional investors have to sell stocks during sharp downturns while individual investors don’t. If you are an index-fund investor, you might be tempted to try to time the market by jumping out during a time of turmoil and then buying back in after the market hits bottom. The problem with this strategy for a nonprofessional investor is that you might come back in too late to enjoy a significant gain. You might even think it is too late, that stocks are too expensive and then miss out on subsequent gains after the market returns to its previous record level.

“People are trained with the flight gene. That’s what kept early man alive and it is human nature.

I'm gonna look at cruise stocks now. Not a chance the big 3 go bankrupt from this.

The worldwide numbers suggest we've hit the peak last week. The new infections in % started declining. Death toll in the US : CV 22, FLU 19000

mell says

The worldwide numbers suggest we've hit the peak last week. The new infections in % started declining. Death toll in the US : CV 22, FLU 19000

I sincerely doubt this is true. We are on an exponential curve in the USA. We are not locked down on house arrest like China, and although some conferences are being cancelled, most carry on. People still go to ball games, kid sports, schools, colleges, church, and most everything else.
By next week we will have 1500 cases, by the next it will be 35,000, by the next it will be 1 million.

Unless you isolate yourself for the next year, plan on getting it.

You can monitor for yourself here:

https://www.worldometers.info/coronavirus/

The trendline has been linear, a bit steeper since testing started, but most countries have 10%-25% growth. With the cancellation of big events and schools the chain of transmission will be broken. It will be around for a while, but certainly not exponential.
See also here:
https://www.google.com/amp/s/nypost.com/2020/03/08/coronavirus-going-to-hit-its-peak-and-start-falling-sooner-than-you-think/amp/

If it hasn't peaked I expect a peak this week. Remember the US is behind, Asia is already falling fast.

I doubt anybody on patnet will catch it as we're currently at less than 2 in 1 million. if it becomes endemic and seasonal then your chances of catching it eventually rise over the years.

Unreasonable Fear and Panic over a disease that killed a few elderly Chinese lifetime smokers with COPD just cancelled one of my events. Just got the word this AM in my inbox.

Here's the whole thread on how Politico, WHO, and other Media/NGOs spread bullshit. Read it - it's great. Gessner documents how Politico went from criticizing Trump for overreacting, to blaming him for not doing enough, as they hyped the stupid thing beyond reason when they realized it was a hit magnet. It's always OrangeManBad.



https://threadreaderapp.com/thread/1236535783605121026.html

The question is how many cases go undetected due to mild nature. If you believe that say there are 5k undetected cases in the US, and we know everyone who dies or needs hospital treatment will be tested, then you have to assume a much lower mortality rate. 20 out of confirmed 500 is close to 5%, 20 out of speculated 5000 is 0.5%.

mell says

The question is how many cases go undetected due to mild nature. If you believe that say there are 5k undetected cases in the US, and we know everyone who dies or needs hospital treatment will be tested, then you have to assume a much lower mortality rate. 20 out of confirmed 500 is close to 5%, 20 out of speculated 5000 is 0.5%.

Wife of one of my buddies is a nurse in a major SFBA hospital. According to her the mortality rate of this COVID virus communicated to them in internal documents is 0.3%.

NoCoupForYou says

Unreasonable Fear and Panic over a disease that killed a few elderly Chinese lifetime smokers with COPD just cancelled one of my events. Just got the word this AM in my inbox.

Here's the whole thread on how Politico, WHO, and other Media/NGOs spread bullshit. Read it - it's great. Gessner documents how Politico went from criticizing Trump for overreacting, to blaming him for not doing enough, as they hyped the stupid thing beyond reason when they realized it was a hit magnet. It's always OrangeManBad.



https://threadreaderapp.com/thread/1236535783605121026.html

Due to my personal interest and background in medicine and biotech I am constantly monitoring the situation and always willing to reassess or change my mind, but so far I have to agree with this. The cancellation of big events will def help enormously and thus there's a good argument for it since we don't have a vaccine or treatment yet. But they're definitely overdoing some of that. I hope you won't get hot too hard economically. I totally agree on the Trump 180 and it's. despicable what they're doing. Now would actually be a great time for the Fed to address the fake news hype and say they will use their bazooka to soak up and buy everything ;)

Nah, it's just work all down the toilet that pisses me off.

BUT, maybe we can look forward to negative interest rates!

mell says

The cancellation of big events will def help enormously and thus there's a good argument for it since we don't have a vaccine or treatment yet.

While you're likely more educated on the topic than I am, I still find all of this appalling. Are the AARP lobbyist that strong? You're statistically more like to die from a lightening strike or drive by shooting. I get it transmits super easy, but it's not deadly unless you're on life support anyway because of unhealthy lifestyle or immune system issues.

My wife and I are in industries this doesn't influence in any way, but this overhyped chaos is actually hurting people. The tin foil hat I put on sometimes thinks there's more to this whole thing. I don't have a guess at this point, but this is fucking nuts. I've yet to meet a person that actually cares if they get this virus and are just pissed like no coup about lost $$$.

Assholes - it's not a health org that said it, CNN decided this.

22 deaths in a nation of 350M. Most of those deaths were elderly people on a stuck on a cruise ship for days with chronic health issues.

Half of Men over 40 smoke in China COPD, Emphysema rampant there. Not to mention the multiple totally unmitigated coal plants firing 24/365

WookieMan says

mell says

The cancellation of big events will def help enormously and thus there's a good argument for it since we don't have a vaccine or treatment yet.

While you're likely more educated on the topic than I am, I still find all of this appalling. Are the AARP lobbyist that strong? You're statistically more like to die from a lightening strike or drive by shooting. I get it transmits super easy, but it's not deadly unless you're on life support anyway because of unhealthy lifestyle or immune system issues.

My wife and I are in industries this doesn't influence in any way, but this overhyped chaos is actually hurting people. The tin foil hat I put on sometimes thinks there's more to this whole thing. I don't have a guess at this point, but this is fucking nuts. I've yet to meet a person that actually cares if they get this virus and are just pissed like no coup about lost $$$.

I agree that this is quite a strong reaction and I can only assume it's because of the uncertainty and lack of treatment / vaccine. Most people here haven't changed their routine much either except for the peppers and panic buyers. We'll see.

mell says

The question is how many cases go undetected due to mild nature. If you believe that say there are 5k undetected cases in the US, and we know everyone who dies or needs hospital treatment will be tested, then you have to assume a much lower mortality rate. 20 out of confirmed 500 is close to 5%, 20 out of speculated 5000 is 0.5%.

0.5% of 100 millions is, like, 10x Vietnam.

NoCoupForYou says

Half of Men over 40 smoke in China COPD, Emphysema rampant there. Not to mention the multiple totally unmitigated coal plants firing 24/365

Facts don't sell unfortunately. Educated people see this and understand this and don't buy the hype.

As a long time ago former smoker (so not being hypocritical) these people made their own bed with their habit. To cause panic worldwide over it is just ludicrous. I'd venture to guess most dying from this have a weekly pill box that is stacked to the max just to keep them alive. They should have been dead already and are probably a negative to GDP in most countries by staying alive. People die, get over it.

*Coronavirus going to hit its peak and start falling sooner than you think*

Clearly, flu is vastly more contagious than the new coronavirus, as the WHO has noted. Consider that the first known coronavirus cases date back to early December, and since then, the virus has ­afflicted fewer people in total than flu does in a few days. Oh, and why are there no flu quarantines? Because it’s so contagious, it would be impossible.

As for death rates, as I first noted in these pages on Jan. 24, you can’t employ simple math — as everyone is doing — and look at deaths versus cases because those are ­reported cases. With both flu and assuredly with coronavirus, the great majority of those infected have symptoms so mild — if any — that they don’t seek medical attention and don’t get counted in the caseload.

Furthermore, those calculating rates ­ignore the importance of good health care. Given that the vast majority of cases have occurred in a country with poor health care, that’s going to dramatically exaggerate the death rate.

The rate also varies tremendously according to age, with a Chinese government analysis showing 0.2 percent deaths below age 40 but 14.8 percent above 80. A study published last month in the Journal of the American Medical Association found zero deaths worldwide among children 9 and under. Zero.

Like the flu, the coronavirus is afflicting high-risk groups: the elderly, those with ­underlying health conditions like diabetes or heart disease and those with compromised immune systems. Are there exceptions? Sure. But that’s the case with almost every complex biological phenomenon of the kind.

More good news. This month, the Northern Hemisphere, which includes the countries with the most cases, starts heating up. Almost all respiratory viruses hate warm and moist weather. That’s why flu dies out in America every year by May at the latest and probably why Latin America has reported only 25 coronavirus cases. The Philippines, where I live, has about a third of the US population, but it’s so damned hot and humid here, so far we have had no confirmed cases of internal transmission.
https://nypost.com/2020/03/08/coronavirus-going-to-hit-its-peak-and-start-falling-sooner-than-you-think/

Patrick says

Asians might be more susceptible to the disease:

https://www.biorxiv.org/content/10.1101/2020.01.26.919985v1.full

Another bit of anecdotal evidence: this guy is American, but obviously of Chinese origin:



from https://newyork.cbslocal.com/2020/03/09/coronavirus-update-new-jersey-patiet-speaks-out/

It would be super interesting to know the ethnic backgrounds of everyone who gets seriously ill from this. It may well affect Asians more, because race is real.

The Italians seem to have a fairly high death rate, but the Germans, not so much. Then again, Italy has an older population on average iirc.

Well, Fort Rhee is full of Asians, so he probably got it in the neighborhood.

He's only contracted it, if he dies from it I'll be shocked.

NoCoupForYou says

Well, Fort Rhee is full of Asians, so he probably got it in the neighborhood.

He's only contracted it, if he dies from it I'll be shocked.

I'm guilty of it from time to time too, but many people get sick and act like the fucking Grim Reaper is outside the door and dramatize it. Remember everyone is seeking opportunity. In a world where posting photos of yourself can make you money, don't be surprised when morons take this to an extreme to get attention.

Dems, 2017-January 31st, 2020: THE STOCK MARKET IS NOT THE ECONOMY!
Dems, February 2020 - : OMG! LOOK AT THE STOCK MARKET!

Can you guys comment objectively on a real world problem without making it a political question colored by your tribalism?

Heraclitusstudent says

Can you guys comment objectively on a real world problem without making it a political question colored by your tribalism?

It's not an important real world problem. It's simply a strain of virus, and a not very virulent or deadly one.

The whole thing is hype, heavily colored by politics since day one.

Had Biden striped down to his underwear a couple of weeks ago or something, we wouldn't be talking about this.

Let me put this another way.

About a month ago I had dengue fever. It infects millions of people a year and has exploded several fold over the past decades. The mortality rate is also less than 1 in 100.

We're just now getting out of the worst part of the year of it in South America. Dengue can easily spread person to person by mosquito bites. A plane with a few mosquitoes on board, which you can imagine isn't rare in South America, can spread it all over. Then the plane lands in Miami. It's already been in the USA with annual cases in the hundreds, but only a handful of deaths.

Did you hear about it in the Media? Did people blame OrangeManBad for either stopping or not stopping flights from Brazil and establishing a quarantine? And not testing everybody who showed up at Jackson Memorial in Miami? NOPE.

Why is this a bigger deal?

NoCoupForYou says

Why is this a bigger deal?

It all started with "zOMG, China is going into a lockdown, supply chains will be disrupted" and then all kind of self-serving cunts jumped onto the bandwagon to pursue their own agendas.

Here's a truth: The number of people infected or were infected with Coronavirus since December is probably way north of a million. Maybe millions.

The vast majority of people with it aren't even going to the hospital, they think it's just a cold or the flu and drinking tea, blowing their nose, vaporizing themselves, etc.

Not just in China, but Italy, Iran, Ireland, Irkutsk, and Indianapolis.

The tested and confirmed cases over just over 100,000. The deaths are a fraction of that, overwhelmingly concentrated among lifetime elderly smokers eating bats in heavily polluted China.

We're up to 19000 flu deaths by now, just saying ;)

mell says

We're up to 19000 flu deaths by now, just saying ;)

zOMG, need to buy MOAR toilet paper ASAP!!!!

https://www.wlav.com/2020/03/09/family-accidentally-orders-12-years-worth-of-toilet-paper/

zzyzzx says

https://www.wlav.com/2020/03/09/family-accidentally-orders-12-years-worth-of-toilet-paper/

They can make good money by reselling their stash with a draconian markup to other panicky idiots.

Called this as a potential black swan event January 23.
“ Ok here’s a possibility: a new deadly virus causes mass death and even wider panic, slowing China’s economy down and also exports and supply chains. That might hurt us a bit over time, especially if the virus comes to our shores.
Might just be another Ebola scare though. But yah a mass world health crisis could possibly do it.”

mell says

I doubt anybody on patnet will catch it as we're currently at less than 2 in 1 million. if it becomes endemic and seasonal then your chances of catching it eventually rise over the years.

I think someone on Patnet will catch it. If it’s me, I’ll report symptoms and details as well as what helps me recover (assuming I do). Everyone else wanna do the same? I guess that’s assuming we know we have it. Mild cases might seem like just the sniffles.

NoCoupForYou says

Dengue can easily spread person to person by mosquito bites.

It's not spreading exponentially in the US. Is it?
You think if it was it would not cause alarms?

NoCoupForYou says

The whole thing is hype, heavily colored by politics since day one.

You say that only because have your politics colored glasses and see everything presumably bad for Trump as a conspiracy.

mell says

We're up to 19000 flu deaths by now, just saying ;)

A simple projection implies a lot more people than that will die from COVID19 in the coming year in the US.
You can't look at absolute numbers now and ignore the trajectory.

NoCoupForYou says

overwhelmingly concentrated among lifetime elderly smokers eating bats in heavily polluted China.

Not sure why, but this is one of the few times I've actually laughed out loud instantly on a patnet comment. I'm still laughing.

Heraclitusstudent says

A simple projection implies a lot more people than that will die from COVID19 in the coming year in the US.
You can't look at absolute numbers now and ignore the trajectory.

No way. For the 2019/2020 season COVID-19 deaths will NOT outnumber flu deaths. Not even close. While anything is possible, that simple projection is very likely very wrong and unnecessarily panic inducing. Not even the US or WHO Doctors have forecasted anything close to that. You can talk about a serious illness and steps to curb it without panic inducing doomsday predictions. There are plenty of people, esp. elderly that are already isolated and lonely, this will even exacerbate their isolation. Plus the preppers encouraged by doomsday predictions are taking away medical resources needed by medical staff.