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Among the causes that the newspapers have indicated to justify the strong correction of Thursday, June 11: BLACK THURSDAY: WALL STREET CRASH!, are as follows:
Several factors appear responsible. First, there are new disease fears, with total U.S. deaths from COVID-19, which now stand at 113,000, estimated by one prominent doctor to perhaps reach 200,000 by September, as the reopening of America threatens to bring on new infections.
Some claim that Donald Trump's tweet is authentic, others that it's fake...(the fact remains that it's...exaggerated)
cystic fibrosis inhaler improves very sick covid-19 patients breathing greatly by desolving the DNA net that is created by immune system and at the same time lowers the inflamation. Info from Swedish insterweiv of at hospital in south Sweden.
10: Going to a political rally where thousands of people are yelling their lungs out in an indoor space, shoulder to shoulder, spewing clouds of aerosol droplets and inhaling them, especially when most of the participants are in their 60's or above.
Even worse if it's a political convention that goes on for days.
What could possibly go wrong?
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
An effective drug treatment for the worst cases is announced
A drug proven in a large trial to help reduce deaths from the coronavirus has been announced by scientists in Oxford, England.
It's not a sure-cure. It reduces the number of deaths among the most severely ill patients, those who are either on a ventilator or using oxygen. Unfortunately, it does not help those who are not ill enough to need a ventilator or oxygen, but they are less at risk also:
In Estonia, city Tallinn 250 000 journeys in public transport daily.
Most of them in rush hour. In recommended space 2+2 shoud be 1 person
but in public transport on space 2+2 apporx 8-9 persons and no spread of covid.
I wanted to know why people die in Estonia and looked Estonian official stats.
" Covid " deaths 69
But in every year deaths due ( average of last 18 years ) :
suicide 236
alcohol 406
freezing to death 74 ( and main reason alcohol )
drowning 62 ( main reason alcohol )
We will win covid but these deaths continue from year to year forever.
I don't see people go crazy and burning down the bars and nightclubs.
I don't see people push over alcohol shelf in supermarkets.
If human life is important then alcohol shoud banned.
I know we are lost generation but children who will born tomorrow
for them alcohol shoud be banned for life.
No parent want their child to start drinking and smoking.
And don't start to tell that its free choice.
Freedom restrictions due covid are consider normal but if alcohol is banned
then people go crazy you can't take away our free will...
I hope you are right. There will soon be major US political campaigning for the coming election, and I am concerned for the people who attend large campaign rallies under these circumstances.
I do not know anything about Estonia. In the United States, there have been, as of today's date, 116,567 reported deaths from Covid-19 as counted by Johns Hopkins University, a major medical university in the US. There have been, in the United States, 2,127,745 total cases reported. These numbers are essentially only since March, a few months' time.
World-wide, the number of reported cases is 8,092,109, the number of deaths is 438,806. These are not small numbers.
Again, I don't know anything about Estonia. The Johns Hopkins numbers for Estonia are in fact low: 1,975 cases, 69 deaths. Estonia apparently has been very fortunate, and I hope you continue to be. But other countries are not, for whatever reason, and simply saying that it is not a problem, anywhere, and that there is nothing to be concerned about, anywhere, is not supported by the numbers.
It is possible for reasonable people to have different ideas about how to deal with this situation. But the facts on the ground are what they are.
I hope Estonia continues to be safe and I hope for the fewest cases everywhere. I do not think this is a trivial issue that will just go away and that does not need to have any attention given to it. It also clearly is not over yet. These numbers are only growing.
Just a personal note: I am really not sure that it serves any purpose any more for me to contribute to this thread and this topic, nor that this thread is actually adding anything new, from a trading perspective.
It's not that I have any doubt that the model of informed debate and give-and-take that futures.io is based on is a good thing -- it is an excellent thing. It's also definitely not that the little disagreement I have and have had with @lemons or anyone else means anything. @lemons is a friend, a good guy and an intelligent trader who has been here a long while and who has added to my understanding of trading, and to others' as well. I'm not worried if we don't agree on something. Disagreement is generally a good way to find what is better and what is closer to true.
But I have had to think about all of this, and my conclusion as of now is that opinions are pretty well fixed, on all sides of the issues, and that in fact there is not much trading-related information right now to be had here. Perhaps there will be at some time, but it will depend on whether the markets respond to covid news rather than what anyone thinks about the covid issues themselves.
Let me be clear that I personally think that the covid pandemic is a frigging world-wide disaster, and that not taking it as such is an incredible error, and one that people make at their personal peril, as it will affect everyone at many levels. But this is not directly a trading issue. I hope that all my many friends here will make good decisions about their personal health and survival, and I do think this is exactly how important the issues are. If someone thinks I'm wrong, or am overreacting or overstating the issue, well, it's not the first time. But these are my personal conclusions and I stand with them.
There is also obviously a huge economic impact of anything we do about the epidemic, whether we do nothing as a society or whether we do even more than we have done so far. But these are issues that can be addressed elsewhere, as and if they happen.
So I'll stop banging on the drum of the covid outbreak. I really hope that the people who disagree with me don't die or lose members of their families because of their beliefs, and of course, I don't want to either.
If something happens of a trading nature, which means basically anything relating to a market reaction, then I will be on it if I have anything to say. Otherwise, everyone stay safe and be well.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote