5 replies to this topic

[da_cheif]

 Good Traders Know When They are Wrong & Also Know When Something is Wrong

https://www.armstron...thing-is-wrong/

Posted Mar 31, 2020 by Martin Armstrong

QUESTION: Hi Marty:
Good traders know when they are wrong based upon objective evidence.
You argue that the Coronavirus isn’t a true pandemic, and that the governments’ reactions to this are politically driven with the intention of advancing a socialist agenda. Your perspective is logical and supportable. But, it is very hard not to get caught up in the media hype and the constant stream of dire predictions and numbers. So, I am still not convinced one way or the other.
What would you need to see statically for you to change your position, and determine that the Coronavirus is in fact a true pandemic warranting the governments’ response?
Best,
Dan

ANSWER: This is a pandemic, not an epidemic. The distinction is very significant. What I am saying is that politics is now taking over and using the hype for political gain. As of March 30, 2020, there have been 142,178 confirmed cases and 2,484 deaths. The flu results in 10 times the number of deaths each year. Ask yourself, why do we not shut down the entire economy for every flu?
If we take the ratio of flu numbers (10x), then there should be about 40,000 hospitalizations, 1.8 million medical visits, and 3.8 million people who get the virus. With 142,178 confirmed, we are well behind the 1.8 million for this flu season and that is not considered an epidemic.
The hype is being used for political purposes. This is way too exaggerated to make sense. This is too convenient and organized. I PERSONALLY have real information that elites in Europe were given the heads up and sold not just their shares, but their bonds. NEVER has there been a flight to quality that went directly to cash — not even 1929!
The numbers are far from what would be necessary to imply any justification for closing the entire world. It is true that good traders know when they are wrong, but they also know when something is wrong and this does not add up to the past.

[CLK]

We have only been in this about a month, flu numbers are based on 12 months.
Mortality on this Coronavirus is at least 10x the flu.

[da_cheif]

We have only been in this about a month, flu numbers are based on 12 months.
Mortality on this Coronavirus is at least 10x the flu.

https://www.thestree...the-coronavirus

[nimblebear]

Hey Don,

 

Your spread of misinformation is continuous, but now you have crossed the line.  You can do it for stocks.  Who cares ? 

 

But when you do this disrespectful stuff with no couth whatsoever, on something this serious, you are simply being reckless. 

 

You obviously have NO CLUE as to whats happening on the front lines. Sad because this has been in the news since early January.  This is relentless, and every health care professional is being brought to their knees and/or tears.  A good friend of mine's father just succumbed to Covid19.  He was very healthy, and went from symptoms to death was 4 days !   To every utter the flu in the same sentence, shows your disrespect and sheer disregard for whats happening.  His mother is now also a PUI.   His cousin is on a ventilator.  Many people who get that far are not surviving this.  He its every one and every age.  Its going to happen someone you know, if it hasn't already.  

 

I invite you and others to watch this video at the below link, from a critical care nurse who is on the front lines every single day.  She just got off her shift when she had the courage to do this interview.  Its being conducted by a doctor who helps many other doctors in the industry stay on top of what is needed to deal with Covid 19.  He is doing the interview for healthcare professionals.  Not necessarily the public.  

 

[trioderob]

Cheif-

 

let me ask you this :

 

if we did nothing in the United States - no social distancing , stores open , schools and churches .... you name it

 

what would your guess be on the total number of deaths in the United States in 2020 ? 

[LMF]

All the tools to fight the virus are fine......nobody ever says were going to shut down the economy. Those guys get muzzled permanently and then we start to move on.