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Discussion

Travel Bans?

Opinions on travel bans to prevent the coronavirus from spreading? Will this actually be effective or only delay the spread?

Airplane travel definitely seems particularly problematic because of the recirculated air. I certainly wouldn't want to take a plane flight at this point in time, we don't know a lot about this virus yet it seems.

This will affect economies drastically since we are a global economy. There will probably be a domino effect throughout the world.

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It already has. Have you not been following the stock market?

I don't know that it makes much difference at this point. The 1918 flu pandemic spread all around the world without much difficulty despite a lack of commercial air travel as we know it today. Other than finding a shack in the wilderness somewhere and staying put for 6 months, it's hard to say there's any sure way of avoiding it.

I had read with another a disease, don't remember which one, that they didn't think travel bans would work. If course it doesn't seem like anything they're doing is working...I dunno. Just read there's another case in Cook County IL, outside Chicago, where my brother lives. And a new case in NJ, just read that. A friend in Italy said the Italians closed schools for a week so the Americans did to, at least at Aviano Air Base near Venice. I didn't realize Italy has had 29 deaths. Wash your hands and don't go around crowds if possible.

  • Author
7 hours ago, klone said:

It already has. Have you not been following the stock market?

LOL , that's a funny comment actually.

No, not everyone is interested in the stock market. Since my investments are in property, I do follow the real estate market though.

3 hours ago, Emergent said:

LOL , that's a funny comment actually.

No, not everyone is interested in the stock market. Since my investments are in property, I do follow the real estate market though.

It’s all over mainstream news, though. The global stock market has lost something like $6 TRILLION in the past week, due to the coronavirus scare. You said this might start affecting global economies. It already has.

  • Author
7 minutes ago, klone said:

It’s all over mainstream news, though. The global stock market has lost something like $6 TRILLION in the past week, due to the coronavirus scare. You said this might start affecting global economies. It already has.

I did catch a bit of the president's newsbreak. I was glad he's trying to calm the hysteria that the news media makes money from drumming up.

The stock market always rebounds. If I were into stocks I'd be buying. Warren Buffett advises to to be bold when others are fearful and be cautious when others are being reckless, and you'll do well.

  • Expert
36 minutes ago, Emergent said:

I did catch a bit of the president's newsbreak. I was glad he's trying to calm the hysteria that the news media makes money from drumming up.

The stock market always rebounds. If I were into stocks I'd be buying. Warren Buffett advises to to be bold when others are fearful and be cautious when others are being reckless, and you'll do well.

I can't "like" this post enough. Both paragraphs.

1 hour ago, Emergent said:

I did catch a bit of the president's newsbreak. I was glad he's trying to calm the hysteria that the news media makes money from drumming up.

The stock market always rebounds. If I were into stocks I'd be buying. Warren Buffett advises to to be bold when others are fearful and be cautious when others are being reckless, and you'll do well.

We already are. We are taking this opportunity to buy stock in the company that is working on the vaccine (their stock went from $.75 to $2.50/share in 2 days. As well as a ton more shares in a handful of other pharmaceutical stocks that we anticipate will blow up in the next 6-12 months.

What sucks is all those people who are in conservative mutual fund IRAs, and due to retire in the next few years. They probably lost about 20% of their retirement over the course of the week.

Clearly, this virus is not going to be contained. The focus needs to shift to mitigation, right?

  • Author
22 hours ago, toomuchbaloney said:

Clearly, this virus is not going to be contained. The focus needs to shift to mitigation, right?

And the development of a vaccine!

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