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Author Topic: Dow Jones Price Drop & The Corona Virus?  (Read 704 times)
mrquackquack (OP)
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January 30, 2020, 04:45:42 PM
 #1

Seemingly the latest news of the sudden Dow Jones price drop saga is aimed at "The Corona Virus". A little known about deadly virus causing death and despair. Amazing if true, how a  virus can effect the world's economies in such a way? Is it a cover up for something else? As usual any thoughts or comments are more than welcome.
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January 31, 2020, 03:21:15 AM
 #2



I am not surprised of this story since the market can really be reacting to anything whether that something has direct, indirect or even no effect on anything. The market is based on psychology and perception. We know that many industries are affected right now with the ongoing 2019-nCov menace especially in China, and we know that whenever something bad is happening in China the global economy can somehow be affected. Hopefully, while the virus has drawdown effect on the traditional economy this can however push Bitcoin up.
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January 31, 2020, 03:38:53 AM
Last edit: January 31, 2020, 03:51:55 AM by MinerHQ
Merited by o_e_l_e_o (1)
 #3

Basically no one wants to go to China now. Most of the neighboring countries are already closing their borders to stop this virus from spreading. The number of infected people already crossing over all SARS.


Source - thewuhanvirus.com/


Particularly travel industries will affect the most and this indirectly brings down the countries economy if their economy depends mostly on the travel industry.

Airline industries also will be affected by this because of canceling many flights to China.

Where the most numbers of people are affected will reduce their social activities and this is nothing but spending less and small businesses will affect.
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January 31, 2020, 04:08:19 AM
 #4

Seemingly the latest news of the sudden Dow Jones price drop saga is aimed at "The Corona Virus". A little known about deadly virus causing death and despair. Amazing if true, how a  virus can effect the world's economies in such a way?
It is not that amusing as the virus that started in China has already spread to over 18 countries and it is a deadly virus and if it is not controlled properly it will reach your neighborhood sooner than you can expect and it is a global emergency right now and if something like that happens that threatens everyone then the economics will get affected and that will reflect in the stock market. The drop in the US market was recovered in the end but these types of global Pandemic will have an affect on the market and there is no cover up Tongue.

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January 31, 2020, 07:53:16 AM
 #5

Seemingly the latest news of the sudden Dow Jones price drop saga is aimed at "The Corona Virus". A little known about deadly virus causing death and despair. Amazing if true, how a  virus can effect the world's economies in such a way? Is it a cover up for something else? As usual any thoughts or comments are more than welcome.

The Corona Virus will hit the Economy of China for sure,but I doubt that it might hit the US or global economy really hard.After one month,the virus will be under control and we will forget about it.
By the way,today is Brexit,I don't know if it's going to influence Dow Jones and the global markets,because it was an anticipated event,but the global markets are becoming more and more sensitive about everything that happens around the world.

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January 31, 2020, 12:46:07 PM
Merited by o_e_l_e_o (1)
 #6

Where's o_e_l_e_o when you need him?  I'd like to hear his opinion about this, as I strongly suspect that this whole thing is being blown way out of proportion, just like SARS, swine flu, H1N1, and whatever other bugs have made the news in recent years.  Yes, they all can be deadly--but so can the regular flu virus. 

There's not just one corona virus, by the way.  It's a whole family of viruses, and they're nothing new at all.  One of the strains just happens to be a bit more deadly than previous versions, and even then it hasn't killed that many people.  I don't know the numbers, but I'd like to see a comparison of the death toll from this new corona virus with that of traffic accidents.

I also don't think any of this has much to do with the stock market, bitcoin, or any other investment unless you consider some pharmaceutical company stocks.  Whoever is working on a vaccine will probably see a bump in their stock, though it'll be temporary I'm sure.

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January 31, 2020, 01:34:24 PM
 #7

Where's o_e_l_e_o when you need him?  I'd like to hear his opinion about this, as I strongly suspect that this whole thing is being blown way out of proportion, just like SARS, swine flu, H1N1, and whatever other bugs have made the news in recent years.  Yes, they all can be deadly--but so can the regular flu virus. 

All that stuff is pretty serious, more serious than regular flu, but modern science is pretty good at dealing with it, we now understand how to slow down the spread of viruses, we can develop vaccines, we can cure sick patients. It's very unlikely that we'll have something on a scale of the Spanish flu or the Black Death ever again.

As for its relation to Dow Jones, it doesn't look like something out of ordinary, I checked the 1yr chart, and this recent drop looks just like the previous corrections, which is totally normal during a bull market.

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January 31, 2020, 01:40:58 PM
 #8

Seemingly the latest news of the sudden Dow Jones price drop saga is aimed at "The Corona Virus". A little known about deadly virus causing death and despair. Amazing if true, how a  virus can effect the world's economies in such a way? Is it a cover up for something else? As usual any thoughts or comments are more than welcome.

A lot of these threads are popping up basically about the same thing.  The price drop in markets is due to the fear mongering by the media.  A year from now peoe will barely remember what the big deal was about coronavirus like every other "epidemic".  Look at it as an opportunity to buy.  But as for the stock market I think it is overbought to begin with so this might be a start of a downtrend just coincidentally lined up with this coronavirus outbreak

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January 31, 2020, 05:11:42 PM
 #9

Seemingly the latest news of the sudden Dow Jones price drop saga is aimed at "The Corona Virus". A little known about deadly virus causing death and despair. Amazing if true, how a  virus can effect the world's economies in such a way? Is it a cover up for something else? As usual any thoughts or comments are more than welcome.


Few days ago I was also scared of the virus when number of holders doubled every 2nd day. Now things are calming down. Number of holders doubles every 3rd day. Chinese are perfect organisers. And I speculate the doubling period will keep prolonging until will stop and halvings will start.


Basically no one wants to go to China now.

Also Chinese tourist will not go out of China. Chinese tourists are huge chunk of worlds tourism.
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January 31, 2020, 05:34:17 PM
Merited by o_e_l_e_o (1)
 #10

I'm a registered Microbiologist myself, and I'm personally handling the tests on the quarantined patients who are suspected to have the 2019 nCoV-ARD in a hospital in the Metros. The symptoms are basically just like your regular flu, though the R0 value (contagious value) is quite high and exceeded that of SARS-CoV and MERS-CoV (R0 > 2.5). Anyway, just like any other coronavirus known to Man currently, proper sterilization of equipment and tools, plus regular handwashing and water intake can help fight against the virus.

Currently, a vaccine is being created in Australia after they have successfully recreated said virus within their laboratory (kudos to them), and it's only a matter of time before the epidemic is isolated and contained. To my surprise, the Dow Jones is affected quite roughly, and this might be related to the said outbreak since no one wants to deal with China right now. Not even their exports are being accepted anywhere. Then again, things are subsiding and we're off to introducing a cure to those affected by the flu.

This drop in the indices wouldn't last long. People are scared because most are misinformed, so the normal reaction would be hysteria, panic and carelessness.

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January 31, 2020, 06:03:11 PM
 #11

Well that's truly amazing and thank you for the lab insight on another virus, none the less there has been countless stories of Ebola in Africa and it hasn't seen this type of coverage correlating with the Dow Jones price. Maybe location is a key factor in all of this? And am I reading this right a 500+ Point drop today?
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January 31, 2020, 09:02:03 PM
 #12

Well that's truly amazing and thank you for the lab insight on another virus, none the less there has been countless stories of Ebola in Africa and it hasn't seen this type of coverage correlating with the Dow Jones price. Maybe location is a key factor in all of this? And am I reading this right a 500+ Point drop today?

The market was looking for any bad news to drop.  The market cant go up forever, there needs to be drops to keep it healthy.  This would be a much needed bear to normalize and reach a new bottom resistence.  Will see over the next couple of months if it plays out like this for awhile

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January 31, 2020, 11:39:17 PM
 #13

Well that's truly amazing and thank you for the lab insight on another virus, none the less there has been countless stories of Ebola in Africa and it hasn't seen this type of coverage correlating with the Dow Jones price. Maybe location is a key factor in all of this? And am I reading this right a 500+ Point drop today?

The market was looking for any bad news to drop.  The market cant go up forever, there needs to be drops to keep it healthy.  This would be a much needed bear to normalize and reach a new bottom resistence.  Will see over the next couple of months if it plays out like this for awhile
but I think the potential fall in cryptocurrency prices when there are many viruses that spread this could collapse because I am sure they will try to save their assets and make withdrawals to the local currency to secure its assets and to be on guard, so the possibility of falling prices will still be still happens even though there will be halving bitcoin.
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February 01, 2020, 02:12:15 AM
 #14

It isn't enough to be called "deadly" tbh. It's just that it's in the realm of the "unknown" and as such, feared. A lot of misinformation was being disseminated regarding the Corona Virus, some being one, the Virus would most likely affect only those of the elderly or the young and those with weak immunities. Most of the deaths of the Corona Virus in Wuhan were actually the elderly, so most shouldn't become paranoid too much. Two, Face masks are nice and all, but what's more important is the hygiene and immunity of the body, which is a level higher than that of using face masks.

I found some articles that said some have been healed from the virus, but I'm not particularly sure of the validity yet so put that on hold, but really, I want to know if someone has the answer. All the authorities are saying is about the death toll, making the panic spread more widely.

IF, and only IF a vaccine for the virus wasn't made, then maybe it could affect the economy. Tbh, right now, China with a large number of people leaving the country seems to have been already affected with regards to their economy.

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February 01, 2020, 07:31:52 AM
 #15

If a virus spreads in the form of an epidemic then of course it would effect on economy. Because it's also responsible for a government to prevent & cure such as deadly virus. You can see on China, almost countries preventing their citizens to visit China due to Corona virus. So you can realize now how China economy has been affected. If that virus spread more countries then it might affect on global economy as well.

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February 01, 2020, 09:05:23 AM
 #16

We're having a lot of thoughts whenever there's a quick spread disease like this. I've heard it's a warfare tactic to take down China's economy since they are the main target of the virus. But, the good news[1] is that there are news lately that says there's already a treatment for those who are affected.

[1] China shows footage of 20 happy coronavirus patients celebrating after recovering in epicentre Wuhan - amid claims that Beijing could be covering up the real death toll
Source: dailymail.co.uk

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..PLAY NOW..
o_e_l_e_o
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February 01, 2020, 11:10:44 AM
Merited by Janation (1), MinerHQ (1)
 #17

Where's o_e_l_e_o when you need him?
The short answer is "We don't really know yet."

The slightly longer answer is a bit more complicated. We have few data at the moment, and the situation is changing rapidly.

The R0 value is essentially how many secondary cases you would expect to be created by each infected person. The most recent data I've seen puts this at 4.08. So each person is expected to infect 4 other people. This is high. Seasonal flu has an R0 value around 1.3, and flu pandemics have an R0 value around 1.5-2. SARS had a similar value, of between 3 and 5, but as the graphic shared by MinerHQ above shows, despite similar R0 values, 2019-nCoV is spreading exponentially faster.

Mortality rate is currently estimated at between 2 and 6%. Again, this number is constantly subject to change as the situation develops. For comparison, SARS had a death rate of 10%, but seasonal flu has a rate of <0.01%, and H1N1 or other more serious flu strains are around 0.02%.

So we have a virus with the potential to spread rapidly and the potential to cause between 1 in 20 and 1 in 50 to die from it (based on current data). We also know this virus can spread from person to person. The first confirmed cases in Germany was transmitted from someone who has a "brief and nonspecific" illness. We also know that you can be infected and infect others while being completely asymptomatic.

Quarantines on Wuhan will achieve very little at this point, as local epidemics of the disease have already been established in multiple Chinese cities, including some major transport hubs such as Beijing. These local epidemics are likely lagging 2 weeks behind that of Wuhan, and similarly, spread from there to other major cities around the world a further 2 weeks behind that. Around 5 million people left Wuhan prior the quarantine going to effect, due to Chinese New Year celebrations. China has something like 4 times as many air passengers today as it did during the 2003 SARS outbreak. It is likely there are thousands more cases currently undetected, and it is likely many more countries have cases than we currently know about. All in all, this certainly has the potential to become a global pandemic, which is why it has been declared a global emergency by the World Health Organization, the United States, and a number of other countries.

Current data suggest that it is a fairly stable virus, meaning it doesn't mutate a lot. This is a good thing for two reasons. Firstly, it's less likely to mutate in to something even more lethal or contagious, and second, it makes it easier for researchers to develop a vaccine. Vaccine development is already underway, but it's going to be months before it is ready for phase 1 trials, and up to a year before ready for general use. There are some reports starting to emerge that various antiviral drugs already on the market may be effective, but these reports are very early and currently of low quality. The global response to this has been a lot faster than previous potential pandemics though, in terms of genome sequencing, quarantining individuals, public health measures, and so forth. It's simply too early to tell which was this is going to go.

For anyone who wants to keep up to date, there's a great visualization tool here: https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6. The WHO Situation Reports are also a good resource: https://www.who.int/emergencies/diseases/novel-coronavirus-2019/situation-reports.

Now, in terms of how this affects to Dow Jones. Airlines are suspending all flights to China, which is a huge portion of their revenue. China is the second largest oil market in the world. So much manufacturing takes place in China. We've seen shares of related companies - Delta, United, Chevron, Exxon, Apple - all take a big hit. Chinese markets are still closed from their New Year celebrations, and won't open again til Monday. I'd expect another dip then. But damn it Jim, I'm a doctor, not an economist.
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February 01, 2020, 11:53:17 AM
 #18

Seemingly the latest news of the sudden Dow Jones price drop saga is aimed at "The Corona Virus". A little known about deadly virus causing death and despair. Amazing if true, how a  virus can effect the world's economies in such a way? Is it a cover up for something else? As usual any thoughts or comments are more than welcome.

First of all corona virus isn't deadly itself. It's similar to pneumonia and it can cause complications to people that already have some serious health conditions that might result with death  But the percentage of people who are affected and die is relatively small.
Such virus threaths, if they last a long time can cause problem also with world economies but currently I don't think that is the case and especialy it doesn't affect cryptocurrencies.

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February 01, 2020, 01:59:09 PM
 #19

This stupid virus could be the real reason of 2020 recession
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February 02, 2020, 10:01:48 AM
 #20

Now by all means im not complaining but has anyone seen how high the Dow Jones has gone up while Donald Trump has been in office?
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