Panic buying of toilet paper and paper towels? Is the coronavirus killing trees now? LOL
Panic buying of toilet paper and paper towels? Is the coronavirus killing trees now? LOL
Ghost of Igloi wrote:
https://youtu.be/vtcv24BacUA
It’s the end of the world as we know it and we must have toilet paper.
TP and tampons, essentials unless there are zero women in your life!
Observing women over my 50+ years, I have observed that they treat TP like bankers treat money: the amount they use is directly proportional to the amount available. I bought a shlt-ton a few days ago, and half of it is already gone!! WTF!!?
I pulled back the shower curtain to see if there was a big nest of it, but no. Made me think of a story my mom told me about something I did when I was 3 or 4: I was in the john, and they kept hearing the toilet flush. When they checked to see what was happening, they saw that I had fed the loose end of the TP into the bowl and kept flushing and watching it get sucked down and unroll.
Anyway, if you want to preserve TP for tough times, you def have to hide it from the luxuriating women.?
Note to self: buy COST at the open.
The people who hoard toilet paper at Costco are the same ones who buy stock solely because it is going up. Now they are $hitting their pants and all running for the door. I predict another rout. Then another. Then another.......
Just curious why you wouldn't buy stock because it's going up.
seattle prattle wrote:
Just curious why you wouldn't buy stock because it's going up.
Oh, snap!
“For a new generation in global finance, this week’s market carnage has been baptism by fire.”
“A lot of us hadn’t seen this type of crash in our careers,” said Justin Wilder, a 31-year-old research analyst at DRW Holdings LLC in Montreal. “There’s definitely some nervousness on the floor, both for the trading and our health.”
—Bloomberg
Ghost of Igloi wrote:
“For a new generation in global finance, this week’s market carnage has been baptism by fire.”
“A lot of us hadn’t seen this type of crash in our careers,” said Justin Wilder, a 31-year-old research analyst at DRW Holdings LLC in Montreal. “There’s definitely some nervousness on the floor, both for the trading and our health.”
—Bloomberg
He was 20 yrs old during the 2008 recession. He should be semi aware. Certainly too young to remember the 2000 dot com bust
Semi-aware, like reading a book, I suppose. Now after a decade of easy money things have changed. Now the churning stomach and fear of career ending trade becomes the new reality. It suddenly is no longer fun.
I wouldn't buy stock solely because it is going up.
old math professor wrote:
I wouldn't buy stock solely because it is going up.
Fair enough. It would get my attention for that reason, but yeah, it wouldn't be the only reason.
agip wrote:
I think a year from now there's a good chance we'll look back at the corona virus thing and realize the statistics that are freaking the world out...were not accurate.
mostly the '2% mortality rate.' I think we'll come to understand that that number was radically too high.
I'm saying 'good chance' on purpose. I'm not sure and no one is sure.
I mean if that 2% number is accurate, then sure, we're in some big trouble.
Yeah but here's the thing : ideal quarantines would mean the mortality rate is almost zero. If you preemptively shut down an entire city and put anyone who tests positive for it straight in the ER with blown treatment then of course mortality will be low. Mortality for the flu would also be low but instead we don't do that every year during so-called flu season. Right now countries are operating on the side of caution by taking extensive quarantine measures and that means factories will sit idle for at least a little. That being said, I doubt this will negatively affect consumer sentiment and interest rates are still low with the Fed indicating they'd cut again if needed.
On the other hand, investors have been doubling, tripling, and quadrupling down on quarterly results in revenue over the past 10 years.
Ironically, this might be the first time a sell-off has occurred of this magnitude has occured when long term fundamentals like price to service debt and consumer sentiment/spending are actually not under fire
Bib #1 wrote:
Ghost of Igloi wrote:
“For a new generation in global finance, this week’s market carnage has been baptism by fire.”
“A lot of us hadn’t seen this type of crash in our careers,” said Justin Wilder, a 31-year-old research analyst at DRW Holdings LLC in Montreal. “There’s definitely some nervousness on the floor, both for the trading and our health.”
—Bloomberg
He was 20 yrs old during the 2008 recession. He should be semi aware. Certainly too young to remember the 2000 dot com bust
Also where was he in December 2018?
Ghost of Igloi wrote:
“For a new generation in global finance, this week’s market carnage has been baptism by fire.”
“A lot of us hadn’t seen this type of crash in our careers,” said Justin Wilder, a 31-year-old research analyst at DRW Holdings LLC in Montreal. “There’s definitely some nervousness on the floor, both for the trading and our health.”
—Bloomberg
Carnage? Crash? This poor guy is too young to have a clue. Igy though should know better.
Racket wrote:
Bib #1 wrote:
He was 20 yrs old during the 2008 recession. He should be semi aware. Certainly too young to remember the 2000 dot com bust
Also where was he in December 2018?
Taken at face value, he said they was "some nervousness" and he sighted health reasons in that assessment as well. I mean really, he could be accused of practicing understatement if anything. There's plenty to blowout of proportion these days, but his tepid statement isn't one of them.
Racket wrote:
Bib #1 wrote:
He was 20 yrs old during the 2008 recession. He should be semi aware. Certainly too young to remember the 2000 dot com bust
Also where was he in December 2018?
December 2018 is a bad memory. Thankfully it did not last too long, but it set me up for a very defensive 2019. Missed the late year move as a result.
Racket wrote:
agip wrote:
I think a year from now there's a good chance we'll look back at the corona virus thing and realize the statistics that are freaking the world out...were not accurate.
mostly the '2% mortality rate.' I think we'll come to understand that that number was radically too high.
I'm saying 'good chance' on purpose. I'm not sure and no one is sure.
I mean if that 2% number is accurate, then sure, we're in some big trouble.
Yeah but here's the thing : ideal quarantines would mean the mortality rate is almost zero. If you preemptively shut down an entire city and put anyone who tests positive for it straight in the ER with blown treatment then of course mortality will be low. Mortality for the flu would also be low but instead we don't do that every year during so-called flu season. Right now countries are operating on the side of caution by taking extensive quarantine measures and that means factories will sit idle for at least a little. That being said, I doubt this will negatively affect consumer sentiment and interest rates are still low with the Fed indicating they'd cut again if needed.
On the other hand, investors have been doubling, tripling, and quadrupling down on quarterly results in revenue over the past 10 years.
Ironically, this might be the first time a sell-off has occurred of this magnitude has occured when long term fundamentals like price to service debt and consumer sentiment/spending are actually not under fire
OK actually after re-reading this I'd say its not exactly correct but there's a vague semblance of some coherent ideas
Nothing to worry about!
Except billions of people can’t work or shop or travel (for a little while).
People expect leadership from the vast resources of USA (i.e. Trump). Good luck!!!!