Random, Thoughts, X,XXIV

#7,060
#7,060
508mikey said:
what stocks were up today & is it those Chinese scumbags buying up American stocks at low prices now ?
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I moved $5k from my money market to my equity income fund in my IRA. The price per share was at 12-month low and P/E looked good. I'm not of Chinese ancestry.
 
#7,063
#7,063
OK, youngsters, if we all observe the social contract and avoid gatherings in which transmission can accelerate, the rate of infection will plateau, then begin to decrease. Normalcy will return, sooner. Equity values will rebound. Outings will commence anew. We may yet have a baseball season, summer concerts, CFB in the Fall.
 
#7,064
#7,064
I stand to lose big bucks on my bicycle tour in Spain. Covid-19 is being considered act of God territory. No refunds or claims paid. I'll fight it, but better that than a covid-19 infection in an overcrowded isolation ward.
 
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#7,065
#7,065
Tin Man said:
I stand to lose big bucks on my bicycle tour in Spain. Covid-19 is being considered act of God territory. No refunds or claims paid. I'll fight it, but better that than a covid-19 infection in an overcrowded isolation ward.
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not an act of God -- terrorism by China
 
#7,067
#7,067
Tin Man said:
I stand to lose big bucks on my bicycle tour in Spain. Covid-19 is being considered act of God territory. No refunds or claims paid. I'll fight it, but better that than a covid-19 infection in an overcrowded isolation ward.
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not an act of God -- terrorism by China but Im not discussing freakin politics in here
 
#7,071
#7,071
508mikey said:
not an act of God -- terrorism by China
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No it’s not. Viruses come out of nowhere and everywhere. The 1918 Spanish flu epidemic apparently originated in Nebraska or Kansas, infected US doughboys in a military camp, who carried it to Europe (plus leaked out in the US), and off we went. Spain was the only country to identify it as something out of the ordinary, and that’s how it got called “Spanish flu”.

Despite an immediately-repudiated one-off report from India claiming genetic manipulation (India and China have been enemies for thousands of years), it has been clearly shown to be of bat origin that jumped species, which happens a lot.

I truly don’t care what your political viewpoints are, but the problem is that when they mischaracterize something as terrorism or whatever, it influences the necessary public health response.
 
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#7,073
#7,073
Tin Man said:
Patience, padawan. Your investments will recover, and damned fine Subarus will still be for sale.
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Nah, we’re fine. We shifted our asset allocation to 70% Treasuries and CDs as I approached retirement. The 30% stock portion can jump around all it likes.

We‘ll get something to haul a teardrop trailer one day. With luck before we’re too old and decrepit to enjoy it!

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#7,074
#7,074
VolNExile said:
No it’s not. Viruses come out of nowhere and everywhere. The 1918 Spanish flu epidemic apparently originated in Nebraska or Kansas, infected US doughboys in a military camp, who carried it to Europe (plus leaked out in the US), and off we went. Spain was the only country to identify it as something out of the ordinary, and that’s how it got called “Spanish flu”.

Despite an immediately-repudiated one-off report from India claiming genetic manipulation (India and China have been enemies for thousands of years), it has been clearly shown to be of bat origin that jumped species, which happens a lot.

I truly don’t care what your political viewpoints are, but the problem is that when they mischaracterize something as terrorism or what, it influences the necessary public health response.
Click to expand...

The original whistle blower from China said it was from a lab where a worker was infected by mistake and didn’t realize it, and left the facility. Who knows if that’s true but that was posted and covered up by China at the beginning of the outbreak.

Edit: likely not a terrorist attack
 
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#7,075
#7,075
theFallGuy said:
I'm not super worried about my 401k because I'm nowhere near retirement. I'm more worried about some cash I had in straight shares that I was just about to get out for various things and now that plan is fawked.
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I’m withdrawing some from my TSP (fed gummint version of a 401k) to make a Roth conversions while the market is down. Move over more shares for the same tax bite -> win.

Of course, the TSP is slow as Christmas, so by the time they send the check to Vanguard, the market will probably be at new highs.
 
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