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The Coronavirus and the related stock market selloff ...
Dave99B
Posts: 8,369 ✭✭✭✭✭
Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.
The Coronavirus and the related stock market selloff ...
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Silver took a ride today...
Fighting the Fight for 11 Years with the big "C" - Never Ever Give Up!
Member PCGS Open Forum board 2002 - 2006 (closed end of 2006) Current board since 2006 Successful trades with many members, over the past two decades, never a bad deal.
Maybe we just pray for these people, and rest on the I GOTTA HAVE IT
Noise
Been out of the market for awhile now.
Buying back in in a 1/3 position in an index fund tomorrow.
Sell if the above gap fills, buy 1/3 more if the market tanks.
Buy last 1/3 if it really tanks and possibly hold long term.
Sold my gold stocks this morning, then used the proceeds to add some nice dividend payers that were beaten down.
I’ve been slowly divesting some of my non core numismatic holdings over the past year or so, and added to my bullion holdings when prices were lower. Now time to enjoy the ride, I hope.
Though the disease is certainly very tragic for many, I’m thinking the flight to pm’s has more to do with runaway fiat currencies. And I won’t apologize for profiting from that!
Looking for some good deals when the +70 and over mustard stains are culled out. Sarc.
1.Stock market is in a bubble
2. Bond market is in a bubble
3. Gold is in a bubble
4. USD too Strong
Just one word: plastics. There’s a great future in plastics. Think about it.
If the world's coming to an end, who needs money??
If it's not, good time to buy.
This forum maybe the very last place I would heed financial advise. Followed closely by the Sports and PM Forums.
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Put all your money into Dunkin’ Donuts. Trust me.
I eat a donut and drink a coffee there every day.
BHNC #248 … 108 and counting.
Love the coffee
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I was born in Corona. Lemon Capitol of the World! The Circle City. Crown Town. The Indianapolis of the West!......just ask Barney Oldfield!
I can’t say about coin decisions but I’m going to dollar cost average my IRA contribution for 2019 at $1000 a week over the next 7 weeks.
Monday nights I think.
In Vietnam the people are scared to go to hospital if they feel ill for anything because they will be flagged as No Go for travel. It’s worse then what we are being told. So yeah let’s just hope that this virus is neutralized. Let’s think of the poor who have no help no money and are in fear to leave homes.
Kathy
Best place to buy !
Bronze Associate member
Keep this in mind...worst case scenario. Virus killing 2 out of 100 infected. So if it spreads throughout the US we are easily looking at over 500k dead if only a fraction get infected. If everybody in US gets exposed...8mil dead on a 400mil population. Fire sale on estate coins😁
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
USA has no readily available tests for corona virus as everything has to be shipped to the CDC right now, but if it turns out there are hundreds of cases already in the USA then you will be buying stock at a 20% discount from today's prices
Commems and Early Type
Just wait until real panic hits the populace.... then you will see rampant stupidity ruling everything.... Civilization deteriorates fast when panic strikes.....I doubt it will happen, but if it does, the black swan event will be awesome to behold. Batten down the hatches and stock up on supplies and defenses. Cheers, RickO
Lol. I jumped in when it was down a little over 2%. The last 1.5% was my fault.
But then the zombies take over, and we're all screwed anyway.....
@Walkerguy21D....Just remember, for zombies, it's all head shots.... Cheers, RickO
I see it as a potential negative impactor on numismatic coins which are already heavily challenged for market appreciation. The full implications of the outbreak are a scary scenario.
As far as bullion no feel on how that will shake out at this time. At present am in sell mode on numismatic material (if positive GM) but not buyer unless really appealing super deal can’t resist.
At least it’s not something like war of the worlds on Epix. In series we beamed music to Ross 128b (google it) a real planet 11 light years away their response was an all out invasion / take it all. Great series very realistic.
What I did Yesterday pre-market, I undid pre-market Today...
Right on, ricko - keep an eye out for me, I'll be driving something like this, aka road warrior:
Currently the 30 year United States Treasury bond is hitting All Time Low yields
Currently the 10 year United States Treasury note is hitting All Tim Low yields
I love the coffee as well. no effect on my coin buying either
100 thousand people die in the US every year just from the flu. I don't think that has ever affected coin prices.......
I only partially undid it overnight. I'm still riding this mother to hell....
Long term you Will be fine...
I'm a trader...I Could be back before the day is over...
Covid-19 has roughly 9% mortality rate in China right now. It is not 2%. Look at % of closed cases, not active infections. This rate will probably drop over time but it's no simple flu. Let's hope it will be contained.
I work at a company with asia heavy supply lines. The effects are not fully priced in yet. Senior Management won't get the true extent of the need for a while. I expect more choppiness in the market and more sudden corrections. A net slide down to 26k or lower wouldn't surprise me.
Coins move with PMs at least somewhat, so I would expect continued increase in demand for bullion heavy coins like common date gold.
Aercus Numismatics - Certified coins for sale
Aercus- your mortality rate is high. It is .09 in South Korea, 3% Italy, 3.4 China, and as a poorly reporting outlier Iran at 19 percent. CDC and homeland and HHS all staying with 2-3 percent mortality rate. Which as I mentioned earlier worst case 8 million ish dead in US on 400mil population. Fingers crossed, like the flu, infection rates drops with seasonal change
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
As Mike Tyson says “everybody has a plan until they get punched in the mouth”....
quoting statistics doesn’t give you a true value of loved ones vulnerability.
The VIX says it's a screaming Buy IMO. Bought 1/3 back into the market with an index fund from a 100% Capital preservation fund just now.
No time to think about plastics - I think Mrs. Robinson is trying to seduce me!
Numismatically (including peripheral niche specialties), I have avoided some eBay sellers from China, especially the one in Wahun who was marked as "on vacation".
Please read the post again. You should not use infections, you use recoveries ("closed cases"). Using infections instead of closed cases during an active outbreak (as many sources are doing) woefully underestimates the severity.
https://www.worldometers.info/coronavirus/corona-virus-death-rate/
In all likeliness the true rate is somewhere between 3 and 9%, assuming China's numbers can be trusted. At any rate it is a serious illness. Let's hope, like you said, that warm weather helps!
Aercus Numismatics - Certified coins for sale
I switched to futures options to limit the downside risk. Just get me back to 28000 before they expire. Lol
I hope it is not as bad as the worldwide flu pandemic at the close of WWI - more people died from the flu than in the war,
Well it’s a good time to have gold 👍👍👍
Corona, California. That’s where Hotel California is, right?
“You can check in but you can never leave.”
?
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
If this is like the spanish flu of 1918 very few families will not be affected God I hope it is not like that
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
Learn to wash your hands with soap in warm water often. Don’t touch your nose and face while out In public. No nose picking. Wash your hands some more.
I'm stocking up on butter, beans and tin foil.
The whole worlds off its rocker, buy Gold™.
Not so sure where you got your info from, but that appears to be overstated per the CDC.
https://www.statnews.com/2018/09/26/cdc-us-flu-deaths-winter/
Covid-19 isn’t the seasonal flu. Apparently it can be transmitted before any symptoms exist and is much more deadly. As countries quarantine and temporarily shut down businesses this has and will affect economies around the world. In the US we may end up in a once in a lifetime event But we will see. The mortality rate is much higher for older adults - so the main affect on coin prices may be less demand and more supply as the elderly succumb to the virus.
The good news is Moderna and some other companies already have a vaccine ready for trials - which may save millions of lives if it works.
Tell that to all the sunken ships on the bottom of the ocean who had charts
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Yeah but my telescreen is telling me to be frightened and worried, so I must listen to it.
My guess is that the majority of those sunken ships did not have satellite imagery and GPS
I hope you're right. I'm in. But there's an old saying on Wall Street: The market can stay irrational longer than you can stay solvent.
A little rally now in futures....just like last night...then we dropped 1100 points
I'm going to go collect some tin cans.
To recap with some added facts regarding the saga of the Diamond Princess now that it has been announced it will not return to passenger cruising until at least April 29th.
When the ship first went under quarantine in Yokohama Harbor over two weeks ago there were 2,666 passengers and 1,045 crew members aboard, At that point 10 people had been identified as infected with the Coronavirus. That number eventually reached at least 691 plus at least one health official who had come on board.
While half of those who tested positive for the virus had no symptoms, three died, All three were in their 80s with the first two (84 and 87) having had serious unrelated health issues,
At least as of several days ago, half of the diagnosed Coronavirus infected persons outside of China had been aboard the Diamond Princess.