Coronavirus pandemic

[roadman65]

Jacksonville had $1.97 but some other parts of the state are $2.24 for regular.

[tradephoric]

The coronavirus has led to the fastest bear market in history.




The Dow plunged into a bear market in just 20 days – the fastest 20% drop in history
https://markets.businessinsider.com/news/stocks/dow-index-bear-stock-market-20-days-fastest-history-coronavirus-2020-3-1028989775

[Big John]

MLS is also suspending their games.

[Max Rockatansky]

The coronavirus has led to the fastest bear market in history.




The Dow plunged into a bear market in just 20 days – the fastest 20% drop in history
https://markets.businessinsider.com/news/stocks/dow-index-bear-stock-market-20-days-fastest-history-coronavirus-2020-3-1028989775

Yes, it has done wonders for my 401k and stock portfolio...  Good thing I have at least two decades before I can seriously consider retirement.  Drawing another 9/11 comparison the markets State Side saw similar plunges in the immediate aftermath. 

Interestingly after all the sports league announcements yesterday there was maybe 15 people at the gym this morning.  I noticed most of the causal goers were staying home, usually there is at least 60-80 people in there at 6 AM. 

[1995hoo]

Yes, it has done wonders for my 401k and stock portfolio...  Good thing I have at least two decades before I can seriously consider retirement.  Drawing another 9/11 comparison the markets State Side saw similar plunges in the immediate aftermath. 

Interestingly after all the sports league announcements yesterday there was maybe 15 people at the gym this morning.  I noticed most of the causal goers were staying home, usually there is at least 60-80 people in there at 6 AM. 

I refuse to look at my TSP account. 

[NWI_Irish96]

Yes, it has done wonders for my 401k and stock portfolio...  Good thing I have at least two decades before I can seriously consider retirement.  Drawing another 9/11 comparison the markets State Side saw similar plunges in the immediate aftermath. 

Interestingly after all the sports league announcements yesterday there was maybe 15 people at the gym this morning.  I noticed most of the causal goers were staying home, usually there is at least 60-80 people in there at 6 AM. 

I refuse to look at my TSP account. 

The day the first case was reported in the US I shoved everything into the G and F funds.

[Tonytone]

Time to invest in stocks & make bids on the ECONOMY!

Ill see you all on the yacht in july!


iPhone

[jeffandnicole]

The Dow plunged into a bear market in just 20 days – the fastest 20% drop in history
https://markets.businessinsider.com/news/stocks/dow-index-bear-stock-market-20-days-fastest-history-coronavirus-2020-3-1028989775

Yes, it has done wonders for my 401k and stock portfolio...  Good thing I have at least two decades before I can seriously consider retirement.  Drawing another 9/11 comparison the markets State Side saw similar plunges in the immediate aftermath. 

Interestingly after all the sports league announcements yesterday there was maybe 15 people at the gym this morning.  I noticed most of the causal goers were staying home, usually there is at least 60-80 people in there at 6 AM. 

Yeah, it's been bad for everyone's portfolios.

If anyone was ready to retire in the next month, they are probably against their walls.

[1995hoo]

Yes, it has done wonders for my 401k and stock portfolio...  Good thing I have at least two decades before I can seriously consider retirement.  Drawing another 9/11 comparison the markets State Side saw similar plunges in the immediate aftermath. 

Interestingly after all the sports league announcements yesterday there was maybe 15 people at the gym this morning.  I noticed most of the causal goers were staying home, usually there is at least 60-80 people in there at 6 AM. 

I refuse to look at my TSP account. 

The day the first case was reported in the US I shoved everything into the G and F funds.

Problem for me was, my 401(k) rollover to the TSP was pending then, so I wasn't able to do that. As Max Rockatansky notes, at least I'm in for the long term. My 401(k) dropped 50% in 2008, but it had more than doubled in the ensuing years. There's time.

[jeffandnicole]

Time to invest in stocks & make bids on the ECONOMY!

Ill see you all on the yacht in july!


iPhone

Once the fallout has finally ceased, absolutely pump money in to your portfolios.  Those yachts may be discounted too!  Ask for a case of clorex wipes to be thrown in the deal! 

Of course, a week or so ago, people thought that plateau occurred, and probably pumped some money into the markets, only to see it (partially) vanish!

[RobbieL2415]

Anyone who invested in the Vicks Index (VXX), you are very smart.  The value of that ETF has doubled.

[US71]

The Dow plunged into a bear market in just 20 days – the fastest 20% drop in history
https://markets.businessinsider.com/news/stocks/dow-index-bear-stock-market-20-days-fastest-history-coronavirus-2020-3-1028989775

Yes, it has done wonders for my 401k and stock portfolio...  Good thing I have at least two decades before I can seriously consider retirement.  Drawing another 9/11 comparison the markets State Side saw similar plunges in the immediate aftermath. 

Interestingly after all the sports league announcements yesterday there was maybe 15 people at the gym this morning.  I noticed most of the causal goers were staying home, usually there is at least 60-80 people in there at 6 AM. 

Yeah, it's been bad for everyone's portfolios.

If anyone was ready to retire in the next month, they are probably against their walls.

I was due to inherit some money from my mom's estate next month. I'm wondering if there is anything left?

[fwydriver405]

Maine has its first presumptive positive case of the coronavirus as of noon today. The woman is from Androscoggin County in her 50's - The Maine CDC and her health care provider are investigating her travel history and possible community exposure.

[Max Rockatansky]

The Dow plunged into a bear market in just 20 days – the fastest 20% drop in history
https://markets.businessinsider.com/news/stocks/dow-index-bear-stock-market-20-days-fastest-history-coronavirus-2020-3-1028989775

Yes, it has done wonders for my 401k and stock portfolio...  Good thing I have at least two decades before I can seriously consider retirement.  Drawing another 9/11 comparison the markets State Side saw similar plunges in the immediate aftermath. 

Interestingly after all the sports league announcements yesterday there was maybe 15 people at the gym this morning.  I noticed most of the causal goers were staying home, usually there is at least 60-80 people in there at 6 AM. 

Yeah, it's been bad for everyone's portfolios.

If anyone was ready to retire in the next month, they are probably against their walls.

There are a couple people I work with who were on short timer syndrome that are reconsidering when they'll retire.  Really my thought is that we'll have a better idea on long term market effects maybe 3-6 months from now.  In the long term things will likely stabilize and improve to something resembling the pre-Virus economy.  I'm just glad that I invest in a lot of bonds and not all stocks, otherwise I would be taking a bigger hit. 

[LM117]

The ACC has cancelled the remainder of the men's basketball tournament.

https://theacc.com/news/2020/3/12/statement-from-acc-on-mens-basketball-tournament.aspx

[Max Rockatansky]

The ACC has cancelled the remainder of the men's basketball tournament.

https://theacc.com/news/2020/3/12/statement-from-acc-on-mens-basketball-tournament.aspx

Probably just a matter of time before the NCAA tournament gets the axe.  I've been hearing MLB has suspended the season, can anyone confirm?

[kwellada]

With luck, two months or so of caution and limiting social engagements will help ease the spread of the virus and it'll peak perhaps next month.  By summer, if we just mind the doctors and scientists' best advice, life can get back to basically normal.  MLB, assuming they decide to kill of the first part of the season, could have an adjusted schedule and be a great way to resume normal life. 

I'm trying to be optimistic, of course.  I'm in Washington and working under the assumption that I got exposed unknowingly.  Good thing I am already a bit of a recluse in my social life and can self quarantine with barely a change in my habits

[Big John]

The ACC has cancelled the remainder of the men's basketball tournament.

https://theacc.com/news/2020/3/12/statement-from-acc-on-mens-basketball-tournament.aspx

Probably just a matter of time before the NCAA tournament gets the axe.  I've been hearing MLB has suspended the season, can anyone confirm?

yes : https://www.si.com/mlb/2020/03/12/mlb-delays-season-coronavirus-outbreak

[kalvado]

Expect 1500 by next week, 15k by 04/01, million by end of May. Favorable conditions overall as peak goes into summer when it may be easier to handle.

Those are certainly testable predictions!  Italy, with about one-sixth the population, is already well past the 7,000 mark.

I am hoping conditions won't be quite that bad in the US, in part because a million confirmed cases translates to about 100,000 severe enough to require hospitalization and 30,000 deaths.  I don't think any US jurisdiction is likely to end up digging mass graves to dispose of the bodies of COVID-19 victims like Philadelphia had to do when the 1918 flu hit, but the US as a whole has only 95,000 ICU beds.  In Britain there is already talk of establishing field hospitals for COVID-19 patients.

OK, first milestone - just past 1500 in US. by "next week" I meant more like weekend counts... Not thrilled with my guess, would greatly prefer if it was other way.

[webny99]

How is the coronavirus scare affecting your commute and/or travel plans?

In San Francisco, apparently quite a bit! Usually you look at Google Maps traffic in California and there's two constant hot spots of red and orange (slow traffic) during daylight hours. This week though, and today in particular, it's bizarre: LA is the only hot spot, while San Fran is almost traffic-free! Visit Google Maps with Traffic turned on and you'll see what I mean.
Seattle, too, looks to be experiencing much lighter traffic than usual. (I-5 Express Lanes closed right now? That doesn't seem normal.)

As far as my own area, still pretty close to normal traffic, especially at rush hour, but I would say non-essential trips have notably decreased. If I had to make an educated guess, there's maybe about 5-7% less volume on the roads as compared to usual this week.

[Max Rockatansky]

How is the coronavirus scare affecting your commute and/or travel plans?

In San Francisco, apparently quite a bit! Usually you look at Google Maps traffic in California and there's two constant hot spots of red and orange (slow traffic) during daylight hours. This week though, and today in particular, it's bizarre: LA is the only hot spot, while San Fran is almost traffic-free! Visit Google Maps with Traffic turned on and you'll see what I mean.
Seattle, too, looks to be experiencing much lighter traffic than usual. (I-5 Express Lanes closed right now? That doesn't seem normal.)

As far as my own area, still pretty close to normal traffic, especially at rush hour, but I would say non-essential trips have notably decreased. If I had to make an educated guess, there's maybe about 5-7% less volume on the roads as compared to usual this week.

There is a lot less commercial freight and general vehicle traffic on the route to my normal office on CA 41 south out of Fresno.  My wife noted CA 99 south of out of Madera in the evening isn't slowing down anymore on her way home. 

[bandit957]

Noticed absolutely nothing out of place here.

[1995hoo]

How is the coronavirus scare affecting your commute and/or travel plans?

....

I telecommute, so no issue there. The potential travel we have coming up is a likely trip to Florida for a funeral. Hopefully that won't happen soon, of course! We have not decided whether to drive 860 miles or fly, but my inclination is to drive. Not sure my wife would go for that.

[kwellada]

How is the coronavirus scare affecting your commute and/or travel plans?

I had a trip from Tacoma to Seattle on Monday, as my cats had a yearly checkup with the vet there.  Last year it took well over an hour to travel there and almost 1.5 hours to return.  This year it was 42 minutes each way with just minor slowdowns in downtown.  This was midday.

[sprjus4]

"˜This is a public health emergency': All Md. schools to close for nearly 2 weeks; National Guard activated

Maryland is closing all public schools in the state from March 16 through March 27 in order to slow the spread of the growing coronavirus outbreak.

That's one of several "major actions"  being taken in the state. Maryland Gov. Larry Hogan announced he is pushing the state's emergency management agency to the highest level, activating the National Guard, ordering all non-essential government employees to work from home, blocking passenger cruise ships from docking in the port of Baltimore.

"This is a public health emergency,"  Deputy Health Secretary Fran Phillips. said.

At a news conference earlier in Virginia, Gov. Ralph Northam declared a state of emergency to deal with the growing coronavirus outbreak.

State health officials announced several new cases Thursday, bringing the total number of patients testing positive for COVID-19, the disease caused by the new virus, to 17. The total count includes two Virginians who traveled to Texas and tested positive for the virus there.

State health officials said all of the cases diagnosed in Virginia involve international travel or contacts with people who had already tested positive for the virus.

"The situation is fluid and it is changing rapidly,"  Northam said during a news conference Thursday afternoon. "Virginians should know that we have long standing plans in place to deal with pandemic."

The emergency declaration allows the governor to ease regulatory rules and more easily coordinate with federal officials. In addition, state-run conferences and large events over the next 30 days are being canceled, and Northam said state agencies are looking "phase in"  telework for state employees.

Health officials said they have enough test kits to currently perform 500 to 600 patients.