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2150 posts

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  #2439723 17-Mar-2020 08:41
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Dow is in freefall (down 11.5%). Popped pre-trade futures and then early trade circuitbreakers.

 

Bay area in lockdown, including San Fran. 


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  #2439726 17-Mar-2020 08:47
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GV27:

 

Dow is in freefall (down 11.5%). Popped pre-trade futures and then early trade circuitbreakers.

 

Bay area in lockdown, including San Fran. 

 

 

Well - it did bounce, probably technical stuff. Back close to the lows now with 15 min to go.


 
 
 
 


2150 posts

Uber Geek


  #2439730 17-Mar-2020 08:52
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Sidestep:

 

GV27:

 

Dow is in freefall (down 11.5%). Popped pre-trade futures and then early trade circuitbreakers.

 

Bay area in lockdown, including San Fran. 

 

 

Well - it did bounce, probably technical stuff. Back close to the lows now with 15 min to go.

 

 

Trump is once again holding a press conference before market closing, trying to look for some good news and spark a late-day rally. It's not working. 


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  #2439732 17-Mar-2020 09:03
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Stock market in the USA is tanking because people are starting to realise that the USA has so many governance & other problems.   Firstly its profit driven health system.   Secondly decisions about the Corona crisis are being made at State level or even city by city.  POTUS can only recommend that actions be taken.


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Uber Geek


  #2439734 17-Mar-2020 09:05
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Ended up 12.94% down.

 

Wow. A lot of pressure on local markets - here's hoping they like the package Robertson is announcing at 2pm. 


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Master Geek


  #2439738 17-Mar-2020 09:17
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tdgeek:

 

Batman:

 

 

 

community transmission probably requires a super spreader probably moving around in a dense microlocation.

 

guarantee we will get one of those on a flight coming in next week.

 

 

150,000 cases, probably now 160,000, arent from super spreaders

 

After months of potential, and no known CT cases, you will guarantee one from next weeks arrivals? Ok

 

 

But at this point why risk it? Just bar all foreigners. They generally have few family or friends in NZ, so are more likely

 

to take self isolation less seriously.


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  #2439739 17-Mar-2020 09:24
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dogstar001:

 

 

 

But at this point why risk it? Just bar all foreigners. They generally have few family or friends in NZ, so are more likely

 

to take self isolation less seriously.

 

 

I agree as I stated earlier. In fact the backpacking version probably sees NZ as a safe haven, so lets flock here. Where else can you see soem great things with no community transmission? They have to stop that today, and as some other countries have, we need to get on that bandwagon, as should every other country


 
 
 
 


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  #2439740 17-Mar-2020 09:36
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@tdgeek decisions should be evidence backed not bandwagon based.




Mike

 

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The views stated in my posts are my personal views and not that of any other organisation.

 

He waka eke noa


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  #2439741 17-Mar-2020 09:41
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The New York Times - Stocks Plummet as Grim Economic Outlook Grips Markets

 

 

Right Now

 

The S&P 500 fell about 12 percent.

 

Here’s what you need to know:

 

    Stocks plunge in worst drop of coronavirus outbreak.
    U.S. airlines ask for government help.
    Universal will make new movies available in homes.
    American businesses are rocked by coronavirus.
    A former top White House adviser says the U.S. could shed 1 million jobs.

 

 

We live in interesting times.





Sideface


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  #2439742 17-Mar-2020 09:41
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MikeB4: @tdgeek decisions should be evidence backed not bandwagon based.

 

In relation to what Mike?


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  #2439743 17-Mar-2020 09:42
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MikeB4: @tdgeek decisions should be evidence backed not bandwagon based.

 

 

 

There is very little absoloutely known right now, doctors and scientists and working off "most likely" scenarios.

 

In the absence of evidence, common sense is a good starting point.

 

 


4046 posts

Uber Geek


  #2439752 17-Mar-2020 09:42
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We don't know not being front-line staff. But I wouldn't be surprised if other ports closing their doors doesn't introduce stricter inquiries (or turnarounds before getting here) as a result anyway.

 

They don't just run on media reports like we all are but have agreements in place to work together for each others benefit where possible and often pre-plan the changes.

 

It's already obvious entering NZ when not a national pre covid, if you don't have a return ticket or definite plan to get home that you are looked at funny. Since we require hops to get anywhere far away when going out ourselves, and those hops are now very difficult to get to, not possible. Or vastly reducing the frequency. Visitors inbound expecting to go home are in the same boat. The freedom camper types already in may now be stuck.

 

So would expect plans to be in effect to account for such things with further closures overseas today.


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  #2439755 17-Mar-2020 09:45
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MikeB4: @tdgeek decisions should be evidence backed not bandwagon based.

 

Ah that post. That was just a figure of speech. I feel that closing borders to foriegners is well backed by evdience. Here with the cant be botherd blase attitide of some tourists. That the  infection spread has already across over 100 borders. That China, the origin, is now getting more imporetd cases than new cases inside its 1.6 billion population. Thats evidence enough.


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  #2439766 17-Mar-2020 09:54
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Tinkerisk:

 

Geektastic: I also pointed out to her that if she dies, I’ll be more or less unable to attend her funeral unless it’s streamed online!

 

Hey, Winston! She has a 75% chance NOT to die!

 

 

 

 

Not according to her...!! 😮






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  #2439767 17-Mar-2020 09:54
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Sideface:

 

The New York Times - Stocks Plummet as Grim Economic Outlook Grips Markets

 

 

Right Now

 

The S&P 500 fell about 12 percent.

 

Here’s what you need to know:

 

    Stocks plunge in worst drop of coronavirus outbreak.
    U.S. airlines ask for government help.
    Universal will make new movies available in homes.
    American businesses are rocked by coronavirus.
    A former top White House adviser says the U.S. could shed 1 million jobs.

 

 

We live in interesting times.

 

 

I just read on CNN that someone suggested 80 million jobs, of the 153. One out of two does seem very doomsday, but lost jobs cause more lost jobs (support businesses), and that would feed on itself to s degree. Its not like a recession where economic activity reduces over 2 or more quarters, there can literally be no sales, as shops arent allowed to open and/or the people are not allowed to shop. Anything can happen, especially there.


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