Will this stock market madness affect cards?

[Shoeless Moe]

Originally Posted by oldjudge

40,000 is a meaningless number when very few people are being tested. The true number is much, much larger than that. Being optimistic is good, being blind to reality is not.

Well if the true number is "much much" larger then that, which I'd agree with you, then the death rate is much much lower then they are showing. So that actually is good news.

[oldjudge]

I truly hope that the US death rate sets a new low. However, you have to remember that there is a time period between catching the disease, showing symptoms, and recovering or not. A year from now we will know what the true fatality rate was. All the 40,000 number showed was that very few people were being tested. Governor Cuomo said that N.Y. State cases will double every three days. NY is a hot spot. How many of those kids who packed onto beaches in Florida for spring break came from the N.Y. area? Now cases in Florida are growing by 20% a day. It goes on like this. Hopefully, self isolation and increased testing slows the spread down, but that will only work if people follow directions.

[h2oya311]

Originally Posted by Shoeless Moe

Well if the true number is "much much" larger then that, which I'd agree with you, then the death rate is much much lower then they are showing. So that actually is good news.

hard to get the death rate when there is not a correct denominator. Let's hope testing improves so that we know what we are truly dealing with.

[Dpeck100]

Shoeless Moe

You don't ask Patera about that situation! He has no filter and can get upset quick and that is something that is off limits!

Anyone who thinks we can shut the economy down for months is delusional. There isn't enough money in the world to keep the economy afloat.

It will be early April to mid April is my bet.

There is a loser on the CU boards that is saying PSA will be shut down until September. If that happens they run the risk of going under. We can't destroy the entire economy globally and send ourselves into a global depression. Thankfully our president realizes this.

If we get people back to work soon there is a very real chance a V shaped recovery can happen. I stopped at 7-11 to get some gas, a Sierra Nevada 16oz and a bag of wasabi almonds and I had to use my calculator to determine how much gas to buy. It was down over $8 a tank. This is real stimulus for joe six pack.

This was a serious bounce in the market today and the vix hit levels that every single time in history it has you have made money 12 months out on the market. The level of negativity is incredible and I am a contrarian by nature and this to me is a great sign. The number of arm chair economists is off the charts and that is a good sign. Time will tell.

[MULLINS5]

Let's hope PSA shuts down for good.

They're a fraudulent company that sold services they did not deliver on.

Will it happen? Most likely not.