Virus

Michael T

Like @Liberty44140 I'm still on the fence a about buying - although a couple of great tech names are down too low IMO.

IMO today's investment strategy depends a lot on one's age and retirement dates as to how aggressive they might want to be. Next year the federal Government of Canada will require me to start liquidating a portion of my investments every year (so they can tax them) - ridiculous but true..... so buying more stocks may not make financial sense to me versus putting money into other investments apart from the stock market. 

I have huge faith in the ability of the American people and the American economy to prevail as long as it is not over regulated and crippled by legislation.....and as long as people don't panic.

BTW my over regulating socialist Liberal (Democrats in Canada) Government has put my Canadian Stock market investments into the red whereas my American free-market governed stocks in the U.S. have saved my a$$.

That is a direct comparison for me in real time money value between two very different political/social values. Not meant to be a political statement but I have friends I just dove with here in Turks and Caicos from Denmark and Sweden who all said their "socialist experiment" has failed miserably as in monstrously high taxes, subsidizing lazy people, red tape that kills industry. They were all looking for ways out.

In Ontario, right now we pay 14 billion a year INTEREST on our provincial debt. The Canadian Federal picture is much worse. A Conservative Prime Minister (Stephen Harper) left the country with a balanced budget that the new Prime Minister ( a former part time drama teacher and trust fund baby) and his Liberal (democrat) government colleagues have run into debt so badly that our future government pension funds are in grave trouble.

At the moment I envy the system you all have in the U.S. 

Handymans342

@Michael T  You forgot about the Health Care. LOL

rinker270nb

Your credit card that you used to buy the trip may have travel insurance and give you a redund.  Airlines are waving fees for change and cancellations, cruises will soon follow.  

My thoughts are prepare for the worst and hope for the best.  Buy water and dry food from Costco, return it if things get better.  Have some cash ready to buy the low, Dow is going back to 30K.

Handymans342

rinker270nb said:

Your credit card that you used to buy the trip may have travel insurance and give you a redund.  Airlines are waving fees for change and cancellations, cruises will soon follow.  

My thoughts are prepare for the worst and hope for the best.  Buy water and dry food from Costco, return it if things get better.  Have some cash ready to buy the low, Dow is going back to 30K.

Its no worse than the flu virus so why is the panic 20 times worse???

randy56

buy

PickleRick

This thread is so informative.  Capitalism good, socialism bad, wash hands, don't touch face, hard tops and diesels. Did i miss anyting?

You're going to go to Italy, having amazing food, see a beautiful country and enjoy your time.  Post lots of pics.  Dont forget the international hand symbol of Italy.

randy56

rasbury

I think the us is due for a change. A moderate president who cares a little less about himself would be good for the world.

J3ff

Problem here is no one really knows. Expect big news about this within the next 14 days. I'll be ready to lock myself inside my apartment 

Handymans342

I could live in my RV in the Keys for 2 months. Lol

randy56

Remember not to pop bubble wrap. It’s made in China now and the air inside might be contaminated. LOL

PickleRick

I could live on a boat in the keys for the next 30 years!


Key West is still a sovereign nation, Conch Republic.  

halifax212

Wow , a concerning thread. School trips locally are being cancelled to Italy for March Break. I just booked my trip to Florida which I feel is a safe bet. Hopefully I will have my return flight in place in a month's time. Fluid situation, a lot can change in a month with this. 

LaRea

Handymans342 said:

Its no worse than the flu virus so why is the panic 20 times worse???

The mortality rate is 50 times higher than for flu.  

GMSLITHO

I’m in the printing business my two big revenue streams are the schools and the theater district in ny if it hits us hard here those will be some of first two to shut down .l stopped doing work for one of the big pharmaceutical companies because it just wasn’t profitable anymore 

Handymans342

LaRea said:

Handymans342 said:

Its no worse than the flu virus so why is the panic 20 times worse???

The mortality rate is 50 times higher than for flu.  

Not in the US

Handymans342

18000 deaths from flu this season in the US and the Spanish flu killed 50 million. 

J3ff

Refresh this link every so often.. https://www.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6 

PickleRick

i dont even like coming down with the common cold.  I'd like to avoid all of the above.  No pig, bird, corona or flu/virus variations for me, please and thank you.

PickleRick

PickleRick

halifax212

@PickleRick , thanks...I feel better now

PickleRick

I do what i can.  Switzerland has banned all events with over 1000 people.  Hockey games are being played in empty areas. 

Michael T

CDC - since 2010 the deaths per year from the flu in the U.S. has ranged from 12,000 to 61,000. Can COVID-19 get worse, of course it can but in the meantime business as usual plus a bit more hand washing (not hand wringing) for me. 

RiverRat232

The danger with Coronavirus is not the disease. It's the hysteria. 

[Deleted User]

With earthquakes and fires likely, I've always prepped for disaster scenarios. My boat is the ultimate bug out option. This virus isn't a disaster scenario, it's 99% hysteria.

Andy

Michael T

If things get really ugly all Rinker owners can meet in the Caribbean, link their boats together and form a sanctuary - like WaterWorld (you know the one with Kevin Kostner - that is if there's even anyone old enough on this forum to have seem that, dare I call it a movie.)

PickleRick

I call dibs on the first hot chick with gills...but id rather have my sailboat post apocalypse.  Less fuel used and wind powered.

reneechris14

Dude he peed in a bottle dehydrated (or purified) it and drank it. A tomato plant was like gold

rasbury

Speaking of sail boats and know nothing of keels...so I see these boats on the ICS near sandbars at low tide. I also  see mast sticking out of the water...anyway...if a sailboat gets fouled with a Sand bar... ends up on its its side...tide comes back end..end of the boat?