COVID-19 — Coronavirus

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bit more cases than yesterday in italy, but the record was not beaten for third straight day, looks like the curve is flattening hopefully.
 
kevin horlocks wand said:
Calling @SWP's back , ftse up nearly 10% today. Why is this, are people thinking this is the bottom and piling in?
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Ha. There’s no definite reasoning behind why although the main driving factors would be the strong response by the U.K. and expected passing of the US stimulus package (FTSE is British registered companies but many companies trade in N America and rely on a strong US economy).

The discount in the market is very tempting for many with the liquidity to sit on it for 6 months to a few years. I’m snowed under at work with Big Boys ploughing in.

Having said that, I personally don’t believe we’ve found bottom yet although I’d bet my mortgage on the markets being higher than today in 18 months times.
 
in ago
Italy coronavirus death toll rises by 743 in last day

From Nicola Ruotolo

Italy has reported an increase in deaths of coronavirus in the last 24 hours.

Another 743 people have died as a result of coronavirus. That is an increase from Monday, which had been the second day of a downward trend.

At least 6,820 people have died in Italy so far. There are at least 69,176 confirmed case of coronavirus in the country.
 
xgorton said:
We have all seen on social media all the people on top of each other on the underground,no way 2 meters away from each other so this is going to get worse in the coming days with more deaths.We need to close the underground now.
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No they need to put more trains on and stagger people's shift times to avoid the cramming on of those that need to use them
 
SWP's back said:
Ha. There’s no definite reasoning behind why although the main driving factors would be the strong response by the U.K. and expected passing of the US stimulus package (FTSE is British registered companies but many companies trade in N America and rely on a strong US economy).

The discount in the market is very tempting for many with the liquidity to sit on it for 6 months to a few years. I’m snowed under at work with Big Boys ploughing in.

Having said that, I personally don’t believe we’ve found bottom yet although I’d bet my mortgage on the markets being higher than today in 18 months times.
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I’ve not lumped in yet, I’m waiting until it drops to 4500.
 
SWP's back said:
Ha. There’s no definite reasoning behind why although the main driving factors would be the strong response by the U.K. and expected passing of the US stimulus package (FTSE is British registered companies but many companies trade in N America and rely on a strong US economy).

The discount in the market is very tempting for many with the liquidity to sit on it for 6 months to a few years. I’m snowed under at work with Big Boys ploughing in.

Having said that, I personally don’t believe we’ve found bottom yet although I’d bet my mortgage on the markets being higher than today in 18 months times.
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Good to hear your active there despite the circumstances driving the markets.

I just can not see how the U.S markets do not begin to trade at much lower levels in the next few weeks. Analysts are predicting that there could be up to 20 million unemployed there if the number of infections escalate significantly leading to enforced lockdowns on a national level. Trump will fight these lock downs and there will be serious problems in keeping the infection rates/deaths down with mixed messaging. Herding wild cats comes to mind.

hope you’re right on your prediction of 18 months, I suspect we may be wading through the debris of this crash for some time, far too many variables that cannot be quantified with the medical situation moving forward.
 
Uncle Wally One Ball said:
Fine. ID badge mugging gangs it is then.
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I’m glad you came round in the end. After all, on my way home from work just then the guy who gives me a lift told me that his daughter (who works at Harley Street) had texted him to say her mate who works at G.O.S.H. got robbed at knifepoint outside there the other night and had her NHS id lifted.

But that’s ok - you keep calling these stories out as bollocks Mr Wally No Bollock
 
bluemoon32 said:
Nah, my Mrs just got the general text and later on she had a phone call from her GP to say they were sending her a letter to stay in for 12 weeks.
It's all a bit of a mess
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I got a text about not being able to go out for 12 weeks and a couple of others on here did too. Letters should come this week.
 
This “two metres” message is futile! We should be saying double figures and it will stamp more meaning on it.

“Stay twelve metres away from other people”.

Two metres makes it sound like a small threat and the dullards of society will not care. They’d think if they can be as close as two metres from someone “it can’t be that bad”!
 
AlgarveBlu said:
hope you’re right on your prediction of 18 months, I suspect we may be wading through the debris of this crash for some time, far too many variables that cannot be quantified with the medical situation moving forward.
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Don’t forget I’m talking about the markers and they usually run some 3-9 months ahead of the economy. The markets will pick up before we exit a recession as they’re based on future profits and dividends (as well as touchy-feeling crap such as sentiment). I think the economy is in for a tough couple of years but it seems as though we aren’t going to go through the austerity route this time. Bring on Keynes.
 
The Italy numbers are awful

a minimum of 600 people are dying a day, possibly for the next 4 months.

it shows that numbers wise it might go down one day and then rapidly up the next
 
See this from Sweden (source the MUG)

Anders Tegnell, the country’s chief epidemiologist, has described Sweden’s strategy as trying to ensure “a slow spread of infection, and that the health services have a reasonable workload”, arguing that it is important for part of the population to acquire immunity.

The UK Govt's strategy is mitigation in everything but name. They are certainly not doing all they can to suppress the virus now. They are doing it in a gradualist manner which would be a hallmark of managing the infection rate. All their responses to direct questions about the extent of measures refer to responding with measures at the right time. That is not the attitude of a government that wants to depress the transmission rate as low as possible. It's micro-management of the infection rate.
 
Indaparkside said:
Why are Italy having it so bad
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Because when they announced their lockdown, people dispersed all over the place (just like us), they still continued and still continue to go out and about in crowds (just like us), they have the second largest elderly population in the world (they are 23%, UK is 18% so not far behind), they have families of different generations living together, somehow it seems to have got into and spread through care homes (we have a lot of care homes), they kiss to say hello to each other, their population have not been wearing masks and gloves like S.Koreans have (just like us)...

We will follow Italy’s trend and will have deaths like they have!
 


So it turns out that before Mike Ashley was dragged kicking and screaming to close his doors, he hiked prices on the 'essential' exercise equipment by a significant amount.

It's the staff I'll feel for but he hasn't even got them on proper contracts.

I hope he struggles when we get out of this.
 
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