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Fauci has had to parse his words because he knows Trump can't handle the truth. He was in Congress earlier this week watering down the message - saying maybe death rate would be only 1% - assuming a much higher rate of infection than we now have (because, of course, we can't test). Fauci has also said "you don't want to contradict a president." So, he hasn't been nearly as straightforward as he would have wanted to be - imo.
I think tomorrow its going to bounce up. I am buying in the morning. The rumor is Trump and Pelosi will have an agreement tomorrow on an economic package.
It could be a short term bounce but I am jumping in, riding it for a day or two then jumping out. Call options.
He (Dr. Fauci) said we are going to fix the mistake and move on.
Ha, ha, ha ....how soon do you think things will turn around? They've only just begun. The next three months will tell the tale. Harvard doc on CNBC tonight saying we'll be seeing 1,000 deaths a day within the next three months.
This was no joke in Wuhan, it is no joke in Italy - and it won't be here, either.
Travel ban helpful but far, far, far from what is really needed which is massive testing, tracing, quarantine, and isolation - to break chain of transmission.
Hunkering down - which is what country is doing now for possibly the three-six months will have a worse effect on the economy than 9/11 - and we'll be in a recession very close to that of The Great Recession.
We can't stop doing business in this country without a HUGE economic consequence. Right now EVERYONE essentially is doing nothing. Games/conferences, billion dollar events cancelled right and left. Air travel drastically reduced.
Every single airline will go bankrupt. They all did after 9/11 - and the aftereffects of that will NOT even approach what we are looking at. Massive job losses, foreclosures, unemployment.
We can't stop doing business - not for a week, much less three months.
It's gonna be bad - unless a miracle takes place.
Last edited by Ariadne22; 03-12-2020 at 10:41 PM..
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