'How did things end up like this?' America's newly unemployed grapple with coronavirus fallout

[TallGuyJohninBKK]

16 minutes ago, watthong said:

This guy is a clown in a suit. His role was to be there and chuckcle when Trump called gov Cuomo "a snake." For further proof, watch his performance - or lack thereof - during his testimony in Congress when whatever he said about his leadership or responsibility (neither seemed to exist in his mind) or the organization (CDC) he's running, all he could deliver was in the passive voice "we were ordered/told/instructed, etc... "

(Too bad Fauci had to be sitting in the same panel, which kinda marked the beginning of a great man's slide down a slippery slope , as in "we're not set up for this!")

 

The CDC, after botching the initial handling of the CV testing rollout and declining to use the WHO test for still never explained reasons, has basically been a non-entity on the country's CV response -- other than Fauci often participating in Trump's sordid news conferences. The CDC director and the deputy director responsible for pandemics type stuff have gone missing in action on the public stage, especially after Redfield's disgusting performance at Trump's CDC news conference.

 

The supposed lead responsibility for the federal response has already passed thru so many hands you'd need a long scorecard just to keep track. Redfield? Pence? Birx? Azar? and now apparently FEMA and the FEMA director being designated to lead the federal response..... They're doing a great job at re-arranging the deck chairs while the Titanic is sinking...

 

PS - I think Trump's "snake" comment at the CDC news conference was directed at the Democratic governor of Washington.

 

 

[TallGuyJohninBKK]

 

If the U.S. stock market keeps going down 4-5% per day as has been the case lately, it won't be much longer before there won't be any more 4-5%s to drop any further...

 

[PhonThong]

On 3/22/2020 at 11:54 PM, Eric Loh said:

They will take what is rightfully theirs. 

How hypocritical of you. But, then again this should be expected. 

[Crazy Alex]

On 3/23/2020 at 11:15 AM, TallGuyJohninBKK said:

 

If the U.S. stock market keeps going down 4-5% per day as has been the case lately, it won't be much longer before there won't be any more 4-5%s to drop any further...

 

The Dow and S&P 500 just had the best April in decades.

 

https://www.marketwatch.com/story/after-a-blockbuster-april-for-the-dow-and-sp-500-is-sell-in-may-in-the-coronavirus-era-a-smart-strategy-2020-04-30

[TallGuyJohninBKK]

4 hours ago, Crazy Alex said:

The Dow and S&P 500 just had the best April in decades.

 

https://www.marketwatch.com/story/after-a-blockbuster-april-for-the-dow-and-sp-500-is-sell-in-may-in-the-coronavirus-era-a-smart-strategy-2020-04-30

 

And yet still down 12+% since the start of the year, pre CV and Trump's bumbling of it.

 

And that's just the market average. If someone has oil and/or retail related holdings, they're still down 3-4 times as much in many cases.

 

COP down 40% YTD.  Exxon -38%.  Simon Property Group -58%.  Nordstrom -54%, etc etc.

 

[TallGuyJohninBKK]

This below is a mild and meek acknowledgment of what anyone with a brain who's been paying attention already knows -- that the U.S. federal government under Trump has continually botched the country's response to the CV...  But the report and its findings by the CDC's No. 2 official are at least remarkable because they're being issued and made public despite Trump's repressive control of any federal content that's not laudatory of him in the extremis.

 

 

Quote

 

Health official says US missed some chances to slow virus

NEW YORK (AP) — The U.S. government was slow to understand how much coronavirus was spreading from Europe, which helped drive the acceleration of outbreaks across the nation, a top health official said Friday.
 

Limited testing and delayed travel alerts for areas outside China contributed to the jump in U.S. cases starting in late February, said Dr. Anne Schuchat, the No. 2 official at the U.S. Centers for Disease Control and Prevention.
 

“We clearly didn’t recognize the full importations that were happening,” Schuchat told The Associated Press.

 

 

https://apnews.com/a758f05f337736e93dd0c280deff9b10

 

 Here's a link to the original CDC report document:

https://www.cdc.gov/mmwr/volumes/69/wr/mm6918e2.htm?s_cid=mm6918e2_w

 

Quote

Various factors contributed to accelerated spread during February–March 2020, including continued travel-associated importations, large gatherings, introductions into high-risk workplaces and densely populated areas, and cryptic transmission resulting from limited testing and asymptomatic and presymptomatic spread. Targeted and communitywide mitigation efforts were needed to slow transmission.

 

I.e...

--late to ban international travel other than from China

--late to order social distancing and closures

--late to ramp up a national CV testing capability (which remains lacking today).

and the report doesn't even address all the issues relating to the severe shortages of PPE, ventilators and other essential testing supplies that exposed health care workers, compromised treatment to patients and prevented a true assessment of just how much the CV was spreading in the U.S.

 

Nor, of course, does the CDC document address the weeks of strident CV denial by Trump in January and into February that slowed and prevented any serious federal preparations for what was to come.

 

 

 

 

[Crazy Alex]

1 hour ago, TallGuyJohninBKK said:

 

And yet still down 12+% since the start of the year, pre CV and Trump's bumbling of it.

 

And that's just the market average. If someone has oil and/or retail related holdings, they're still down 3-4 times as much in many cases.

 

COP down 40% YTD.  Exxon -38%.  Simon Property Group -58%.  Nordstrom -54%, etc etc.

 

Indeed, that is why I bought Halliburton at $7.71 per share.

[Susco]

5 hours ago, Crazy Alex said:

The Dow and S&P 500 just had the best April in decades.

 

https://www.marketwatch.com/story/after-a-blockbuster-april-for-the-dow-and-sp-500-is-sell-in-may-in-the-coronavirus-era-a-smart-strategy-2020-04-30

Of course. As long as there is electricity in the US the money presses can run, and the fed can buy equities.

 

There is only been bad market news in April, and on days that the worst news was reported, the stock market would make the biggest gains.

 

Do I need to make a drawing for someone?

 

[amykat]

On 4/25/2020 at 4:53 PM, PhonThong said:

How hypocritical of you. But, then again this should be expected. 

Where is that middle finger icon??

[Cryingdick]

1 hour ago, Susco said:

Of course. As long as there is electricity in the US the money presses can run, and the fed can buy equities.

 

There is only been bad market news in April, and on days that the worst news was reported, the stock market would make the biggest gains.

 

Do I need to make a drawing for someone?

 

 

I have been drawing $100 bills out of it. Buy low sell high.

[DrTuner]

21 hours ago, Crazy Alex said:

The Dow and S&P 500 just had the best April in decades.

Percentages are fun. Too bad they don't do anything to the portfolio value. 

 

Fun fact: if you go down 50%, you have to go up 100% just to get back to where you started from.

[pegman]

12 hours ago, DrTuner said:

Percentages are fun. Too bad they don't do anything to the portfolio value. 

 

Fun fact: if you go down 50%, you have to go up 100% just to get back to where you started from.

Stock markets were recovering nicely then Trump started with his latest nonsense about new tariffs on China. Predictably the market began tanking again.

 

Tonite he is having a "MISSION ACCOMPLISHED" rally at the  Lincoln Memorial. This at a time when nearly 3k Americans a day are losing their lives to the virus. What could possibly go wrong? He seems determined to give the election to Biden.