seattle prattle wrote:
Ghost of Igloi wrote:
Son got the PPP loan forgiven today, and same day daughter tested positive for Covid 19. Strange times.
My deepest hopes she has a mild experience with it. Some cases are quite mild and lets hope this is one of them.
The vast majority of cases are quite mild. Stop the hysteria.
the media is corrupt wrote:The vast majority of cases are quite mild.
Sure, if you are under 65, or even better, under 45.
In Belgium, the case fatality rates for people > 65 since 1 August have been roughly 1.1% for 65-74, 4.0% for 75-84 and 8.1% for 85+. The rates were much higher earlier in the pandemic and have settled in to roughly constant values. In Sweden, roughly 96% of reported covid deaths are for ages 60+, and this has been relatively constant throughout the pandemic. The distribution is a little different in the US, where more than 10% of covid deaths have been in the 45-54 age group (~ 93% of all covid deaths 45+).
I don't know how old Igy's daughter is, but I suppose if a morbidly obese, traitorous, lecherous, narcissistic info-tainer can beat covid, anyone can...
VS-SJW-IR-TS idiot wrote:... more than 10% of covid deaths have been in the 45-54 age group ...
Typo, that's the 55-64 yr age group.
the media is corrupt wrote:
seattle prattle wrote:
My deepest hopes she has a mild experience with it. Some cases are quite mild and lets hope this is one of them.
The vast majority of cases are quite mild. Stop the hysteria.
The majority of cases are without any symptoms.
Miss E wrote:
The Unkle wrote:
You guys are obsessed with the "simple quote function". That's like your big zinger.
Christ you are limited
Please tell me this guy is trolling.
Is that what you say when you cannot win an argument? Whiny is not an attractive trait
Racket wrote:
Ghost of Igloi wrote:
https://twitter.com/NorthmanTrader/status/1328477073137086469Igy, 2008 was bad because middle and upper middle class people got steamrolled along with the poor people.
This time, it's just poor people. Everyone else's wealth is largely intact. As usual, it sucks to be poor in the US.
No, it's all of us sav the billionaires. Have you been in a coma the past nine months?
the idiot on the ipad wrote:
Reading just now that Kooky Musk’s TSLA is being added to SP500. How do we feel about that, will the index start to lurch about like a drunken sailor?
Maybe BTC gets in next...
Up 13% in overnight trading.
Ghost of Igloi wrote:
Son got the PPP loan forgiven today, and same day daughter tested positive for Covid 19. Strange times.
Hope she fights off the virus quickly. So sorry to hear this.
Thanks all. As I mentioned son-in-law returned from travel with Covid-like symptoms, isolated, but did not test. Daughter became ill a week later, both flu like, but with the Covid peculiarities. The daughter’s work had her test Saturday, and now she is home for two weeks. Daughter is 35, a healthy weight, and a regular exerciser, so hopefully will fare better than most.
the idiot on the ipad wrote:
Ghost of Igloi wrote:... daughter tested positive for Covid 19. Strange times.
I’ve been following the data very closely. As we all know, this disease is most ch more dangerous for elderly. If your daughter is younger then, say, 45-50, the chances of a bad outcome are very remote. Fingers crossed...
There are other unfortunate outcomes besides death. My DIL in her 30s got the rona months ago and her senses of smell and taste are still screwed up. And I’m sure we’ve all seen the stories about people in their 20s suffering serious heart ailments from the virus. This is not something to be taken lightly.
agip wrote:
J. Hardy wrote:
After the fact, but whatever makes you happy.
I'm starting to look at the predictions I saved for review at the end of the year.
This one is fun.
August 5, 2019. When all we had to worry about was Trump, not a pandemic.
Anyway, here's Igy predicting the SP 500 would fall to 2020 in calendar 2020.
Which sounded brash when the SPX was at 3000, but he very nearly nailed it.
The SPX fell to 2191 at this year's bear market low. Down around 26% from where he called it.
I'll call that a win for Igy.
Being correct by accident doesn't even come close in my book. Sorry, no wins are given.
the idiot on the ipad wrote:
Reading just now that Kooky Musk’s TSLA is being added to SP500. How do we feel about that, will the index start to lurch about like a drunken sailor?
Maybe BTC gets in next...
Doesn't make any sense but now they have a market cap close to J & J.
My question is - where does it stop? When they eclipse the entire rest of the auto market combined? They're valued as if they're the only car manufacturer in the world. Crazy, considering Ford sells more in a week than Tesla does in a year.
Don't get me wrong, I'm all about American manufacturing companies rising to the top - especially beating the sh!t out of Chinese ones - but this is getting ridiculous.
Racket wrote:
agip wrote:
I'm starting to look at the predictions I saved for review at the end of the year.
This one is fun.
August 5, 2019. When all we had to worry about was Trump, not a pandemic.
Anyway, here's Igy predicting the SP 500 would fall to 2020 in calendar 2020.
Which sounded brash when the SPX was at 3000, but he very nearly nailed it.
The SPX fell to 2191 at this year's bear market low. Down around 26% from where he called it.
I'll call that a win for Igy.
Being correct by accident doesn't even come close in my book. Sorry, no wins are given.
?
Racket wrote:
the idiot on the ipad wrote:
Reading just now that Kooky Musk’s TSLA is being added to SP500. How do we feel about that, will the index start to lurch about like a drunken sailor?
Maybe BTC gets in next...
Doesn't make any sense but now they have a market cap close to J & J.
My question is - where does it stop? When they eclipse the entire rest of the auto market combined? They're valued as if they're the only car manufacturer in the world. Crazy, considering Ford sells more in a week than Tesla does in a year.
Don't get me wrong, I'm all about American manufacturing companies rising to the top - especially beating the sh!t out of Chinese ones - but this is getting ridiculous.
Interestingly, Bosch has a market cap of $350 billion. If Tesla really is valued as a tech and parts company then their current valuation may not be too far off if they're assumed to become the most prolific parts and OEM provider in the world
For the value oriented:
Racket wrote:
Racket wrote:
Doesn't make any sense but now they have a market cap close to J & J.
My question is - where does it stop? When they eclipse the entire rest of the auto market combined? They're valued as if they're the only car manufacturer in the world. Crazy, considering Ford sells more in a week than Tesla does in a year.
Don't get me wrong, I'm all about American manufacturing companies rising to the top - especially beating the sh!t out of Chinese ones - but this is getting ridiculous.
Interestingly, Bosch has a market cap of $350 billion. If Tesla really is valued as a tech and parts company then their current valuation may not be too far off if they're assumed to become the most prolific parts and OEM provider in the world
TSLA is a function of Government and Fed Policy, direct and indirect, nothing more.
Racket wrote:
the idiot on the ipad wrote:
Reading just now that Kooky Musk’s TSLA is being added to SP500. How do we feel about that, will the index start to lurch about like a drunken sailor?
Maybe BTC gets in next...
Doesn't make any sense but now they have a market cap close to J & J.
My question is - where does it stop? When they eclipse the entire rest of the auto market combined? They're valued as if they're the only car manufacturer in the world. Crazy, considering Ford sells more in a week than Tesla does in a year.
Don't get me wrong, I'm all about American manufacturing companies rising to the top - especially beating the sh!t out of Chinese ones - but this is getting ridiculous.
I hear you...to my mind the TSLA argument is similar to the AMZN debate of years ago. That AMZN didn't deserve a high valuation because it was fundamentally unprofitable and had low barriers to entry to competitors.
The bet turned out to be that Bezos, the value of a brand and a great company would find ways to make it work. And AMZN did work.
Similarly, Tesla has a brilliant leader, a great, great brand and seems to be a good company...the bet is that Tesla will find ways to grow and make more money outside the core car business, justfying the high valuation.
TSLA has military, political, and intelligence strategic significance. It will be fine, it’s roots go deeper than you know. I am still in for this rise, and will continue to hold.
Good thing, too, because most of my other equities are flat, while my gold is flagging. Still have not received btc approval from PYPL, wtf.
Overall I am now flat on the year, save for the early-year gains in gold...which were great, but ultimately offset by things like AAPL and some retracement in gold itself.
Good thing I am diversified outside the markets, sheesh. This has been a disastrous market year for me—I missed many opportunities that I would have otherwise captured, had I stuck to my old trading strategies. I don’t exactly feel bad about being up a bit on the year, but there were so many huge opportunities this year that I am left somewhat wistful.
Yes I have been pursuing other things, but of all the years to miss, this was a big BTFD opportunity.
The Unkle wrote:
Miss E wrote:
Please tell me this guy is trolling.
Is that what you say when you cannot win an argument? Whiny is not an attractive trait
Exactly what argument did you think we were having?
Four of eight indexes on our world watch list posted gains through November 16, 2020. The top performer is China's Shanghai with a gain of 12.26%. Our own S&P 500 is in second with a gain of 9.73% and in third is Tokyo's Nikkei 225 with a gain of 9.51%. Coming in last is London's FTSE 100 with a loss of 14.86%.