patrick.net

Heraclitusstudent says

People wouldn't notice until granny dies waiting in the line at the hospital respiratory/pulmonary services.

Twisted view, but granny likely would have been dead 100 years ago already before having to worry about a virus like Corona. We keep people alive and miserable today. It's inhumane.

If anyone wants to actively keep people alive longer, they're unknowingly supporting big pharma that really only cares about selling you more pills and injections to sit in a bed pissing and shitting yourself. Sounds nice, lol.

NoCoupForYou says

Time to NYT, WaPo, etc. hinting at Plunge Protection Team in 3, 2, ....

What are they gonna do? Buy stocks?
What do you think it would look like in the current political situations?

What else are they gonna do?
Lower rates? (chuckle)

WookieMan says

We keep people alive and miserable today. It's inhumane.

We'll see what you say when you get there.

Heraclitusstudent says

WookieMan says

We keep people alive and miserable today. It's inhumane.

We'll see what you say when you get there.

Some people do file DNR orders.

Heraclitusstudent says

NoCoupForYou says

Time to NYT, WaPo, etc. hinting at Plunge Protection Team in 3, 2, ....

What are they gonna do? Buy stocks?
What do you think it would look like in the current political situations?

What else are they gonna do?
Lower rates? (chuckle)

Send everybody a $500 check, like Bush Jr did. Or was it $300? :D

Heraclitusstudent says

WookieMan says

We keep people alive and miserable today. It's inhumane.

We'll see what you say when you get there.

What does it matter what I say when I get old? I respect life and am certainly not wishing death on anyone. The fact is I am 100% going to die. I don't want to sit there in my own piss and shit with my kids or wife having to take care of me.

I've witnessed this with my own father in the last year. He was delusional and needed care 100% of the time. This went on for 6 months. I wish Corona virus was around and killed him sooner. My own mother has admitted as much. The people this is killing are near death anyway. While I feel for their families, as death is sad, they likely would have already been 6' under as recently as 40 years ago, before this virus existed.

The_Weeping_Ayatollah says

MM1 says

I remember a few years back that said oil needed to stay above $50 a barrel for US drillers to be profitable.

"Few years" are the operative words here: that break-even price is constantly moving and moving down. So it is probably not $50 today.

It's in low 40's now, from what I hear.

WookieMan says

Heraclitusstudent says

WookieMan says

We keep people alive and miserable today. It's inhumane.

We'll see what you say when you get there.

What does it matter what I say when I get old? I respect life and am certainly not wishing death on anyone. The fact is I am 100% going to die. I don't want to sit there in my own piss and shit with my kids or wife having to take care of me.

I've witnessed this with my own father in the last year. He was delusional and needed care 100% of the time. This went on for 6 months. I wish Corona virus was around and killed him sooner. My own mother has admitted as much. The people this is killing are near death anyway. While I feel for their families, as death is sad, they likely would have already been 6' under as recently as 40 years ago, before this virus existed.

While your stance is a bit more extreme I would agree in principal. Medicine has made enormous strides in extending lives, sadly this causes usually a decline in quality of life. For some it's just bad luck and they get kept alive artificially in their last years, but for many it already starts younger because people don't live healthy lives for the exact reason that they're relying on a pill for everything, which often cause vegetative states later on. Hey I can booze every night since there's a pill for hangover, I can be fat since there's bariatric surgery, I don't have to exercise since I'll just sit on the couch and watch netflix while using some scam home-training device advertised on QVC that "guarantees" results from the couch. I would venture out to say that the majority of people relying solely on gym classes or visits would do match better if they simply did a couch to 5k training program. Once they have gained sufficient lung capacity, then they can move on to strength training and switch out the routines. But fact is without aerobic conditioning you're likely to do poorly anywhere else and most Americans can't run a 10 Minute mile, many even don't get that far. You can always be unlucky but you can up your chances of living a decent and fulfilled life greatly by exercising and eating healthy and enjoying the years you have instead of constantly worrying about what's coming tomorrow.

Patrick says

That makes sense to me. Saudi Arabia is ISIS, and they are quite annoyed at the Russians' taking Assad's side against ISIS in Syria. The Saudis/ISIS want to keep murdering "heretical" Shiite and Alawite Muslims as their Wahhabi theology demands.

Then why did they wait this long?

Because they also hurt American oil producers with this, and they want America to keep protecting them no matter how many Americans and Europeans they kill via terrorists.

Maybe they waited for the right situation to deliver a 1-2 punch with the CV situation.

WookieMan says

I've witnessed this with my own father in the last year.

Similar with my mother. She had a 100% fatal brain tumor (glioblastoma) and was offered brain surgery that had a slim chance of extending her life for a few months.

She did it, and it ended up partly paralyzing her, and then she died anyway, probably a bit sooner because of the surgery.

But the doctor made $100,000 or so off of Medicare for the surgery.

mell says

you can up your chances of living a decent and fulfilled life greatly by exercising and eating healthy and enjoying the years you have

+1000

It's too bad that the US stock market must react to the shenanigans of Saudis and Russians in addition to the Chinese bat soup plagues, but that's how it goes these days.

The one that bugs the shit out of me is Wells Fargo, but that's my personal fuck up; I inherited some and out of nostalgia/inertia/laziness I didn't sell it. I figured Buffet loves the stock so who am I to sell what the "Oracle of Omaha" owns?

I'm underwater so deep I need two scuba tanks to give me enough air.

The bright side is that the low oil prices will translate to saving $ at the gas pump which will allow people to spend their money on other frivolities like an iPhone so stocks not related to oil may go up later on.

I wish I had new cash to invest, I would be sending it in now.

HeadSet says

Oil Stocks may be recovering from that plunge. Just bought some Marathon. I missed on Apache, it is already going back up.

Looks like a good thing i missed Apache. It will be a better buying opportunity tomorrow, maybe.

Patrick says

She did it, and it ended up partly paralyzing her, and then she died anyway, probably a bit sooner because of the surgery.

But the doctor made $100,000 or so off of Medicare for the surgery.

I don't know the drug my dad was taking. Liver and lung cancer (really didn't drink and never smoked). But what they showed billable on the invoices or whatever was close to $40k a month for one injection he was getting. HIPPA should protect his and my identity here, but he is one out of I think 5 that lived as long as he did with the cancers he had (a decade). So hospital probably made at minimum $4M off one patient.

It was miserable for him and our family. I have a new look on life after experiencing that. I appreciated modern medicine for sure. But some of this life extending stuff honestly causes more problems then benefits for all involved.

And Mell I know you invest in this stuff (bio-med, etc), so no hard feelings from my end. I just think it prolongs suffering for the person themselves and the family. Just my opinion and I've always had the opinion of make money where and when you can. Everyone has gotta take care of their family.

I just wish there was more understanding towards elderly assisted suicide or cases where you're terminal. It's miserable.

WookieMan says

And Mell I know you invest in this stuff (bio-med, etc), so no hard feelings from my end. I just think it prolongs suffering for the person themselves and the family. Just my opinion and I've always had the opinion of make money where and when you can. Everyone has gotta take care of their family.

WookieMan,
there are a few new anti-cancer CURES out there which actually cure a person, as opposed to slowly poisoning. This is not my specialty, but a few friends of mine work in this - now they can cure almost half of even 4th stage skin cancers, and a substantial number of kidney cancers. This is real progress, and in another 10-20 yrs perhaps most cancers will be curable.

https://www.cancer.gov/about-cancer/treatment/types/immunotherapy
https://en.wikipedia.org/wiki/Cancer_immunotherapy

Carter had stage 3 metastasized skin cancer already in brain, and was cured with this method.

WookieMan says

And Mell I know you invest in this stuff (bio-med, etc), so no hard feelings from my end. I just think it prolongs suffering for the person themselves and the family. Just my opinion and I've always had the opinion of make money where and when you can. Everyone has gotta take care of their family.

I just wish there was more understanding towards elderly assisted suicide or cases where you're terminal. It's miserable.

I agree with you in general, for many there's no upside. I also think suicide should be fully legal if you can do it yourself, assisted suicide with some strict parameters around it that prevent abuse.

rd6B says

WookieMan says

And Mell I know you invest in this stuff (bio-med, etc), so no hard feelings from my end. I just think it prolongs suffering for the person themselves and the family. Just my opinion and I've always had the opinion of make money where and when you can. Everyone has gotta take care of their family.

WookieMan,
there are a few new anti-cancer CURES out there which actually cure a person, as opposed to slowly poisoning. This is not my specialty, but a few friends of mine work in this - now they can cure almost half of even 4th stage skin cancers, and a substantial number of kidney cancers. This is real progress, and in another 10-20 yrs perhaps most cancers will be curable.

https://www.cancer.gov/about-cancer/treatment/types/immunotherapy

The progress on skin cancer has been tremendous - almost all of them are curable now unless aggressive ones such as melanoma caught extremely late.

Oil has a strange pricing model... when the price go down, producing countries that rely on it as their sole export need to keep the revenue flowing so they actually pump more. That can make for wild pricing swings and massive boom / bust cycles.

Maybe XOM will be a good buy in another month. Their $3.48 dividend yields about 7% now they the stock price is $41. I suppose the two main questions are: how low will it go and with they go bankrupt.

So it just goes to show you. Unless there are stringent manipulation in place to make sure nobody upsets the desired market price.
Oil isn't worth a penny over $30 a barrel just like Gold is not worth much more than $300.

Earning interest in the Bank with real inflation and deflation periods is the only way to grow money without taking a bath.

Boomer lament: "My 401K is a 200.5K now!"

Patrick says

Boomer lament: "My 401K is a 200.5K now!"

Only if 50/50 in OXY/APA. :D

I bought blue chips today, not a lot but I only had $5k on hand. Seemed like it was on sale!

You certainly could have bought at a worse time (like last week!) but maybe the best time will be when the covid deaths finally start declining globally.

Of course Wall Street will have that information first, but it still could be a very good time to buy when we turn the corner.

What I’ve learned is that it’s super hard to call a bottom. It might go down again tomorrow or next week even further.
But what I do know is that every single crash has been followed by a recovery to at least 90% of top value within a year. If we get back to 28k DOW by December, I’ll be happy.

Covfefe Pact coming to fruition? The orb knows all...

Patrick says

You certainly could have bought at a worse time (like last week!) but maybe the best time will be when the covid deaths finally start declining globally.

Of course Wall Street will have that information first, but it still could be a very good time to buy when we turn the corner.

They are starting to close schools/universities/cancel mass activities. May get worse, if not in reality, then in heads of population.

Cal is going remote for most lectures.
UC Berkeley to suspend ‘most in-person classes’ starting Tuesday to limit coronavirus risk

rd6B says

Patrick says

You certainly could have bought at a worse time (like last week!) but maybe the best time will be when the covid deaths finally start declining globally.

Of course Wall Street will have that information first, but it still could be a very good time to buy when we turn the corner.

They are starting to close schools/universities/cancel mass activities. May get worse, if not in reality, then in heads of population.

Well universities are not vital for the stock market, esp. not todays ;)

mell says

Well universities are not vital for the stock market, esp. not todays ;)

This will build into perception that we are in crisis + our Great State will get hosed with low oil prices.

Patrick says

WookieMan says

I've witnessed this with my own father in the last year.

Similar with my mother. She had a 100% fatal brain tumor (glioblastoma) and was offered brain surgery that had a slim chance of extending her life for a few months.

She did it, and it ended up partly paralyzing her, and then she died anyway, probably a bit sooner because of the surgery.

But the doctor made $100,000 or so off of Medicare for the surgery.

Sorry to hear about this Patrick. That doctor should have returned that money.

She always liked gambling.

The doctor did seem kind of unethical in even suggesting it, given the certainty that her case was fatal. This is no doubt how a lot of the US Medicare budget gets wasted.

But who is going to tell his dying mother that it's hopeless? When she asked, I would just say that it's "not good".

She went out just about the same time as Ted Kennedy, with the same disease.

WookieMan says

I just think it prolongs suffering for the person themselves and the family.

Yes. In nature, creatures don't suffer long. When animals are sick, they die within a few days max, likely much faster.
Modern medicine makes dying a long struggle, even when everyone knows the inevitable outcome.
People see bad health as a problem and we are raised with the idea that every problem can be or should be solved. We just need to push the right buttons. But there is no button against death. Death is not really a problem, it's an experience we all have to go through.
People don't know when to give up. There's a share of vanity in this. They can't let go.

However a respirator may save your life and give you many more years of good life.

mell says

I also think suicide should be fully legal if you can do it yourself,

Who's going to prosecute you for killing yourself?
And Epstein didn't.

Oil has had biggest % plunge since 1991:


https://www.dailymail.co.uk/news/article-8089973/How-Saudi-Arabia-trying-CRIPPLE-Russian-oil-industry-flooding-world-market.html

I think Trump is brilliant. He forged alliances early on with Saudi and Russia.
The Global Establishment Cabal cooked up this scheme to trash the world economy. But they hinged their gambit on hedging their loses with Energy.
They were planning on no jobs, no growth, and $5.00 a gallon Oil, and $150++ Oil.
I fully expect that by next week all of the losses will be erased and the stock market will be back where it was.

Also since I've been on the influential fringe beating the truth drum, that almost every single case in the USA has come from Cruise Ships where the Global Cabal are incubating Cases and releasing them in communities that need a nudge to panic about the Global pandemic. Finally people are starting to call the officials at the press conference out on it. So much so, that Debbie What's Her Face Slut, read the riot act to the Broward County Health official I reported on Saturday for her obtuse crass response about where the patients came from.

Now they are starting to admit that they are coming from Cruise Ships. Also yesterday, the CDC, WHO and State Department recommended everyone stop taking cruises.

The influential fringe is more powerful than a County full of Dead Liberal Voters.

Use it everywhere you can. Not Facebook and Twitter there's too much noise. Get on the comments of national publications you know damn well everyone who's anyone in Washington is reading.

There's your new weapon get out there and slay some Commie Fools with it.

Patrick says

Oil has had biggest % plunge since 1991:

Kind of on topic, but slightly different. I don't know peoples positions in life, but do oil prices for the average successful adult even matter? I honestly can't tell you what regular unleaded is going for right now. It would have zero influence on a car purchase at this point in my life. Am I weird?

When I was say 20-22 I'd pull off the interstate and look for the cheaper gas price and save $0.05 per gallon. I haven't looked at prices in years. Does anyone here actually seek out the lower price anymore?

You know oil is basically priced at where is was 20 years ago despite twice the population and all the inflation. It's really remarkable. I remember all the peak oil talk.

Maybe there's truth to that theory that oil is a naturally reoccurring byproduct of fusion within the earth. Or something like that, aka it's endless.

WookieMan says

When I was say 20-22 I'd pull off the interstate and look for the cheaper gas price and save $0.05 per gallon. I haven't looked at prices in years. Does anyone here actually seek out the lower price anymore?

Not me but it's hilarious to see successful people waiting 30 minutes or more (with their car running) just to save $0.15/gallon at Costco. It's madness.