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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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COVID-19 and the portfolio

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  • best site for current cases etc
    https://www.worldometers.info/coronavirus/coronavirus-cases/

    This site also has hundreds of other "meters" like number of cigarettes smoked worldwide today!

    Bloomberg news reports that Chinese airlines are starting to fill up again.

    https://www.bloomberg.com/news/articles/2020-03-06/travel-demand-is-rebounding-in-china-as-virus-worry-recedes?sref=OzMbRRMQ

    If this continues in China without a rebound in cases, it will be good news and an indication that the effects with strict quarantines can be contained and last about 2 to 3 months.

    OF course Western countries may not be as effective in containment.

    In central Connecticut ( no cases reported in the state yet) I saw one person at grocery store with a mask, but no Purell rubbing alcohol or gloves anywhere to be found
  • @sma3 - Do you care to offer any advice to those of us who suffer an autoimmune reaction to alcohol-based hand sanitizers? I get the itching, blisters, swelling, peeling nearly the whole shebang.
  • Visited Costco early this week. Saw signs of panic and hoarding of bottle water, toilet paper, hands sanitizer, bulk bag of rice and canned fish. Things are far from over and will likely to last into Q2. Many signs are not encouraging. Spring break is around the corner and travel is way, way down. California government just announced the state of emergency. Hope the hospital of the large cities have sufficient capacity to handle the large number of patients. Smaller cities will more likely in worse situations. Also there is not enough testing kits to meet the anticipated number of patients and the manufacturers are working hard to catch up.
  • @Mark: Did you try making your own sanitizer ? One or two popped up on the boob tube. Needs to be 70% alcohol , I believe. try googling.
    Derf
  • @Derf - I believe it's the alcohol itself that my hands react to. Unusual but not uncommon. I have seen non-alcohol based sanitizers but I was curious what the good doctor might recommend.
  • @Mark- Boy, I sure hope that stuff inside you doesn't react the same way to a little alcohol! :)
  • From the CDC

    https://www.cdc.gov/handwashing/show-me-the-science-hand-sanitizer.html#twentyone

    Reference 21 has a large scientific discussion of all of the issues. Many are irritating but true allergy to just alcohol is rare.

    The biggest problem is not picking the best substance, it is the fact that most of us do not use something all the time and forget to wash your hands or use sanitizer before you touch your mouth nose etc.

  • Sunday, March 8, 2020

    Barring the possibility of an intergalactic species/craft which visits planet Earth, and creates a healing golden orb surrounding the planet; which in turn results in a eradication of COVID.....well, if this does not happen; then I can not find otherwise but to expect disruption at many levels to continue.

    I'll blip a few things as a thought arises, and then let this thread become whatever.....

    --- The investment side: The Fed. and other central banks have already played round 1 on the monetary side, for any number of reasons; based upon their thinking to attempt to protect the investment markets and other.

    Next, FISCAL policy. The President, et al; which includes most Republicans (my opinion) may be forced to become "socialists". The farmers bailout is already at this status, however; I see the following possibilities:
    --- another reduced taxes plan
    --- monetary back stop for some industries with large losses
    --- income replacement for those out of work for "x" period of time
    --- mail a U.S. Treasury check to every U.S. household.....$2,000, non-taxable at any government level

    All the other, the what IF:
    --- consider everything one uses in a given week in your area, what if; 25% of the stores, gas stations, etc. are closed
    --- the services you seldom use in a community, but now have 25% of the staff or facilities closed/quarantined, being; first responders (paramedics, fire, police), walk-in clinics; services, electrician, plumber, etc....add to your list
    ---employment, the majority of large gatherings being void people. Sporting events, localities that rely on tourism...add to your list. The ramifications in these areas becomes the large numbers of folks who have their income attached to these businesses.

    For the D.C. scene, well; you may be draw you own conclusions about effective leadership.

    Trump, "I know so much about corona virus.....

    Mike Pence stated that, "..... announced that 21 people on a cruise ship being held off San Francisco had tested positive for coronavirus. He also urged older Americans to “use caution” in planning any cruise ship vacation."
    NO S^*T ??? Well, one may guess that there are "x" number of Americans who don't know that a cruise ship vacation is not the way to go, at this time.

    Okay, I'm tired of writing and thinking about this; and you're probably tired of reading what I've written.

    Take care of you and yours,
    Catch
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