4 ms·

Well right now the trailing 12 month PE average for S&P is 20. So still above historical norm after this 20% drop. I wouldn't say things are oversold, rather ev

Well right now the trailing 12 month PE average for S&P is 20. So still above historical norm after this 20% drop. I wouldn't say things are oversold, rather everything was way overvalued. And people are overlooking the fact this is just the herald wave, and probability of a catastrophic 2nd wave this fall/winter is pretty damn high. This isn't going away. This more than likely will move through the population a few times over the next few years until the vulnerable are "sifted through" so to speak. I want to believe in our scientific and technical capabilities but nobody should hold their breath for an effective vaccine in the next year or two. This has the potential to fundamentally and structurally change more than just the economy. But I feel you..99x out of 100 you're spot on. Unfortunately, it's looking like the potential reality we might be facing is something most can't or don't want to comprehend. It at least deserves real consideration and thought.. we'll get through it and move on, but I don't think people grasp or want to believe what might be to come.

koheripbal 7y ago
Multiple vaccine candidates are already in clinical trials. It will take 12-18 months, but it seems like a certainty.
- DyslexicAtheist 7y ago
  fwiw I doubt we'll see a vaccine anytime in the next years. no doubt China tests very aggressively and trials the drugs on their prison population. They have a head-start because no human rights. (And now they also have more reasons to justify these crimes). I wouldn't want to know how many were disappeared into body bags while they were still breathing just to keep reported numbers down.
  - jkhaui 7y ago
    For a forum of ostensibly intelligent people, it's amusing to see the rise in anti-china sentiment brought about by the coronavirus. Sure, China has a poor human rights record in many regards. But objectively, their handling of the coronavirus has been phenomenal, especially when one considers its hugely dense population. And regarding the fake video supposedly showing a live person being body bagged: even Facebook "verified" the video as fake, and you know that. China's done many things poorly in recent history, but containment of the coronavirus isn't one of them. Resorting to unsubstantiated xenophobia in times like this really says more about you as a person than anything else.
    - redis_mlc 7y ago
      > Resorting to unsubstantiated xenophobia in times like this really says more about you as a person than anything else. Give it a rest. Hospitals in Asia generally demand payment before checkout, so I wouldn't want to find myself a semi-conscious plague patient with no cash left. What do I mean by demand? They post a guard outside your door until somebody pays the bill in full. God help you if you say you can't pay, especially if there's a lineup of new patients. You actually could get a bag over your head. If you want to read more about how hospitals work in China, google "big sickness". There's some socialized medicine, but cancer and organ transplant bills are similar to what an uninsured US citizen would face - sign over the house.
      - arcticbull 7y ago
        > Hospitals in Asia generally demand payment before checkout, so I wouldn't want to find myself a semi-conscious plague patient with no cash left. America would like a word with you. One of the biggest real risks to spread in America is that 30 million Americans have no health insurance, and can't afford a day off work. > What do I mean by demand? They post a guard outside your door until somebody pays the bill in full. God help you if you say you can't pay, especially if there's a lineup of new patients. You actually could get a bag over your head. Hey... just like America!
    - DyslexicAtheist 7y ago
      not to worry my xenophobia is limited to the CCP regime not against the Chinese people. I have a record of criticizing the CCP, the GOP, the AfD, National Rally, and every other political terrorist system out there ... and I was like this long before Covid19 became a topic. You should find some Uyghur friends and see how this white-washing goes down with them.
    - theandrewbailey 7y ago
      > China's done many things poorly in recent history, but containment of the coronavirus isn't one of them. https://en.wikipedia.org/wiki/Li_Wenliang https://en.wikipedia.org/wiki/Li_Wenliang https://en.wikipedia.org/wiki/File:%E6%9D%8E%E6%96%87%E4%BA%AE%E7%9A%84%E8%AE%AD%E8%AF%AB%E4%B9%A6.png https://en.wikipedia.org/wiki/File:%E6%9D%8E%E6%96%87%E4%BA%... > Illegal activities (time, location participants and numbers, problems and outcomes): > Posting untrue statement "7 confirmed SARS cases at Wuhan Hua'nan Fruit and Seafood Market" on the WeChat Group "Wuhan University Clinical Class of 2004" on Dec 30, 2019. > [We are] now filing an official warning and admonitions to you on the illegal issue of posting untrue statements on the Internet according to the law. Your behavior severely disrupts social order. Your behavior has exceeded the scope permitted by the law and violates the relevant provisions of the Public Security Administration Punishment Law of the People's Republic of China, which is an illegal act!
  - RobertoG 7y ago
    >>"I wouldn't want to know how many were disappeared into body bags while they were still breathing just to keep reported numbers down." So, you don't want to know, but still you can't avoid tell us. Do you have any information about this kind of thing going on, or you just dream about it last night?

koheripbal 7y ago

Multiple vaccine candidates are already in clinical trials. It will take 12-18 months, but it seems like a certainty.

DyslexicAtheist 7y ago
fwiw I doubt we'll see a vaccine anytime in the next years. no doubt China tests very aggressively and trials the drugs on their prison population. They have a head-start because no human rights. (And now they also have more reasons to justify these crimes). I wouldn't want to know how many were disappeared into body bags while they were still breathing just to keep reported numbers down.
- jkhaui 7y ago
  For a forum of ostensibly intelligent people, it's amusing to see the rise in anti-china sentiment brought about by the coronavirus. Sure, China has a poor human rights record in many regards. But objectively, their handling of the coronavirus has been phenomenal, especially when one considers its hugely dense population. And regarding the fake video supposedly showing a live person being body bagged: even Facebook "verified" the video as fake, and you know that. China's done many things poorly in recent history, but containment of the coronavirus isn't one of them. Resorting to unsubstantiated xenophobia in times like this really says more about you as a person than anything else.
  - redis_mlc 7y ago
    > Resorting to unsubstantiated xenophobia in times like this really says more about you as a person than anything else. Give it a rest. Hospitals in Asia generally demand payment before checkout, so I wouldn't want to find myself a semi-conscious plague patient with no cash left. What do I mean by demand? They post a guard outside your door until somebody pays the bill in full. God help you if you say you can't pay, especially if there's a lineup of new patients. You actually could get a bag over your head. If you want to read more about how hospitals work in China, google "big sickness". There's some socialized medicine, but cancer and organ transplant bills are similar to what an uninsured US citizen would face - sign over the house.
    - arcticbull 7y ago
      > Hospitals in Asia generally demand payment before checkout, so I wouldn't want to find myself a semi-conscious plague patient with no cash left. America would like a word with you. One of the biggest real risks to spread in America is that 30 million Americans have no health insurance, and can't afford a day off work. > What do I mean by demand? They post a guard outside your door until somebody pays the bill in full. God help you if you say you can't pay, especially if there's a lineup of new patients. You actually could get a bag over your head. Hey... just like America!
  - DyslexicAtheist 7y ago
    not to worry my xenophobia is limited to the CCP regime not against the Chinese people. I have a record of criticizing the CCP, the GOP, the AfD, National Rally, and every other political terrorist system out there ... and I was like this long before Covid19 became a topic. You should find some Uyghur friends and see how this white-washing goes down with them.
  - theandrewbailey 7y ago
    > China's done many things poorly in recent history, but containment of the coronavirus isn't one of them. https://en.wikipedia.org/wiki/Li_Wenliang https://en.wikipedia.org/wiki/Li_Wenliang https://en.wikipedia.org/wiki/File:%E6%9D%8E%E6%96%87%E4%BA%AE%E7%9A%84%E8%AE%AD%E8%AF%AB%E4%B9%A6.png https://en.wikipedia.org/wiki/File:%E6%9D%8E%E6%96%87%E4%BA%... > Illegal activities (time, location participants and numbers, problems and outcomes): > Posting untrue statement "7 confirmed SARS cases at Wuhan Hua'nan Fruit and Seafood Market" on the WeChat Group "Wuhan University Clinical Class of 2004" on Dec 30, 2019. > [We are] now filing an official warning and admonitions to you on the illegal issue of posting untrue statements on the Internet according to the law. Your behavior severely disrupts social order. Your behavior has exceeded the scope permitted by the law and violates the relevant provisions of the Public Security Administration Punishment Law of the People's Republic of China, which is an illegal act!
- RobertoG 7y ago
  >>"I wouldn't want to know how many were disappeared into body bags while they were still breathing just to keep reported numbers down." So, you don't want to know, but still you can't avoid tell us. Do you have any information about this kind of thing going on, or you just dream about it last night?